Laurion Capital Management LP decreased its position in Unum Group (NYSE:UNM) by 38.6% during the first quarter, Holdings Channel reports. The institutional investor owned 5,400 shares of the financial services provider’s stock after selling 3,400 shares during the period. Laurion Capital Management LP’s holdings in Unum Group were worth $253,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. Keybank National Association OH raised its position in Unum Group by 4.6% in the first quarter. Keybank National Association OH now owns 24,107 shares of the financial services provider’s stock worth $1,130,000 after buying an additional 1,067 shares in the last quarter. State of Tennessee Treasury Department raised its position in Unum Group by 64.0% in the first quarter. State of Tennessee Treasury Department now owns 175,796 shares of the financial services provider’s stock worth $8,244,000 after buying an additional 68,624 shares in the last quarter. Flinton Capital Management LLC raised its position in Unum Group by 13.0% in the first quarter. Flinton Capital Management LLC now owns 142,688 shares of the financial services provider’s stock worth $6,691,000 after buying an additional 16,408 shares in the last quarter. Guggenheim Capital LLC raised its position in Unum Group by 18.6% in the fourth quarter. Guggenheim Capital LLC now owns 1,455,295 shares of the financial services provider’s stock worth $63,932,000 after buying an additional 228,286 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Unum Group during the fourth quarter worth about $3,927,000. 93.15% of the stock is owned by institutional investors.
Shares of Unum Group (UNM) traded up 0.53% on Friday, reaching $47.50. 1,487,449 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $45.91 and a 200-day moving average price of $45.96. Unum Group has a 12-month low of $29.79 and a 12-month high of $50.27. The company has a market cap of $10.84 billion, a PE ratio of 11.66 and a beta of 1.49.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.84 billion. Unum Group had a net margin of 8.54% and a return on equity of 10.23%. Unum Group’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. Equities research analysts anticipate that Unum Group will post $4.10 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, April 28th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Wednesday, April 26th. Unum Group’s payout ratio is currently 19.61%.
Several equities research analysts have recently commented on UNM shares. Barclays PLC restated a “buy” rating and set a $56.00 price target on shares of Unum Group in a research note on Sunday, February 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $50.00 target price on shares of Unum Group in a research report on Friday, April 28th. BidaskClub upgraded Unum Group from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup Inc. downgraded Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Monday, March 13th. Finally, Deutsche Bank AG lifted their price target on Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $43.55.
In related news, EVP Michael Q. Simonds sold 5,000 shares of the stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $46.61, for a total value of $233,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.53% of the company’s stock.
About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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