Louisiana State Employees Retirement System boosted its stake in Unum Group (NYSE:UNM) by 310.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,100 shares of the financial services provider’s stock after acquiring an additional 39,400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Unum Group were worth $1,306,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Clearstead Advisors LLC acquired a new position in shares of Unum Group during the 2nd quarter worth about $27,000. Compagnie Lombard Odier SCmA acquired a new position in Unum Group in the 2nd quarter valued at about $38,000. Daiwa Securities Group Inc. grew its stake in Unum Group by 49.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,391 shares of the financial services provider’s stock valued at $40,000 after buying an additional 460 shares during the last quarter. Huntington National Bank boosted its holdings in Unum Group by 46.3% in the 2nd quarter. Huntington National Bank now owns 1,463 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 463 shares during the period. Finally, Eaton Vance Management bought a new stake in Unum Group in the 1st quarter valued at about $73,000. 83.03% of the stock is currently owned by institutional investors and hedge funds.
Separately, Barclays increased their price objective on shares of Unum Group from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Tuesday, October 26th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.43.
Shares of UNM opened at $25.50 on Thursday. The stock has a market capitalization of $5.21 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.69. The firm’s 50 day simple moving average is $25.97. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. Unum Group has a 12 month low of $20.78 and a 12 month high of $31.98.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, November 2nd. The financial services provider reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.13). Unum Group had a net margin of 6.01% and a return on equity of 8.68%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.96 billion. During the same period last year, the company earned $1.21 earnings per share. Sell-side analysts anticipate that Unum Group will post 4.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Friday, October 29th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend was Thursday, October 28th. Unum Group’s payout ratio is currently 30.77%.
Unum Group announced that its Board of Directors has authorized a share buyback program on Monday, October 25th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.
Unum Group Profile
Unum Group is engaged in providing financial protection benefits. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block and Corporate. The Unum US segment comprises of group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.
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