Unum Group (UNM) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lessened its holdings in shares of Unum Group (NYSE:UNM) by 24.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 701,100 shares of the financial services provider’s stock after selling 229,100 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Unum Group were worth $20,598,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Prudential Financial Inc. raised its stake in Unum Group by 249.9% during the 4th quarter. Prudential Financial Inc. now owns 2,515,315 shares of the financial services provider’s stock worth $73,900,000 after buying an additional 1,796,405 shares during the period. FTB Advisors Inc. raised its stake in Unum Group by 7.1% during the 3rd quarter. FTB Advisors Inc. now owns 109,168 shares of the financial services provider’s stock worth $4,266,000 after buying an additional 7,259 shares during the period. Pacer Advisors Inc. raised its stake in shares of Unum Group by 13.8% in the 3rd quarter. Pacer Advisors Inc. now owns 11,798 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 1,428 shares during the period. Donald Smith & CO. Inc. raised its stake in shares of Unum Group by 4.3% in the 3rd quarter. Donald Smith & CO. Inc. now owns 5,555,352 shares of the financial services provider’s stock valued at $217,048,000 after purchasing an additional 227,260 shares during the period. Finally, Credit Suisse AG raised its stake in shares of Unum Group by 67.9% in the 3rd quarter. Credit Suisse AG now owns 604,161 shares of the financial services provider’s stock valued at $23,605,000 after purchasing an additional 244,288 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

NYSE:UNM opened at $36.38 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $7.81 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.73 and a beta of 1.48. Unum Group has a 52-week low of $26.76 and a 52-week high of $51.17.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, February 5th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.01). The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.91 billion. Unum Group had a net margin of 4.51% and a return on equity of 12.69%. Unum Group’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. On average, analysts anticipate that Unum Group will post 5.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Monday, January 28th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Friday, January 25th. Unum Group’s dividend payout ratio is currently 20.00%.

Several analysts have issued reports on UNM shares. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. JPMorgan Chase & Co. dropped their price target on Unum Group from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 2nd. Finally, TheStreet raised Unum Group from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Unum Group has an average rating of “Hold” and an average price target of $51.55.

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About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

Further Reading: Depreciation

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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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