Peddock Capital Advisors LLC trimmed its position in shares of Unum Group (NYSE:UNM) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,709 shares of the financial services provider’s stock after selling 2,722 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Unum Group were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Hartford Financial Management Inc. acquired a new stake in shares of Unum Group during the 2nd quarter valued at about $30,000. Stonebridge Capital Advisors LLC acquired a new stake in Unum Group in the 2nd quarter worth approximately $35,000. CSat Investment Advisory L.P. lifted its holdings in Unum Group by 55.8% in the 2nd quarter. CSat Investment Advisory L.P. now owns 1,613 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 578 shares during the last quarter. Boston Partners acquired a new stake in Unum Group in the 2nd quarter worth approximately $54,000. Finally, Oakworth Capital Inc. lifted its holdings in Unum Group by 597.6% in the 2nd quarter. Oakworth Capital Inc. now owns 1,751 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 95.61% of the company’s stock.
UNM has been the subject of several analyst reports. Barclays set a $36.00 target price on Unum Group and gave the stock a “buy” rating in a report on Monday, August 12th. Citigroup reduced their target price on Unum Group from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Credit Suisse Group initiated coverage on Unum Group in a report on Wednesday, July 10th. They issued an “underperform” rating for the company. Morgan Stanley reduced their target price on Unum Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, August 20th. Finally, ValuEngine upgraded Unum Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $37.00.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. Unum Group had a return on equity of 12.90% and a net margin of 4.46%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the company earned $1.30 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that Unum Group will post 5.45 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.04%. Unum Group’s dividend payout ratio (DPR) is presently 21.92%.
Unum Group Company Profile
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.
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