Arizona State Retirement System Sells 500 Shares of Unum Group (UNM)
Arizona State Retirement System cut its stake in Unum Group (NYSE:UNM) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 57,821 shares of the company’s stock after selling 500 shares during the period. Arizona State Retirement System’s holdings in Unum Group were worth $2,042,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Unum Group during the second quarter valued at $56,674,000. American Century Companies Inc. boosted its stake in shares of Unum Group by 38.1% in the second quarter. American Century Companies Inc. now owns 5,279,960 shares of the company’s stock valued at $167,850,000 after buying an additional 1,455,618 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Unum Group by 4.1% in the second quarter. Vanguard Group Inc. now owns 22,424,545 shares of the company’s stock valued at $712,877,000 after buying an additional 875,760 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Unum Group by 1,397.3% in the second quarter. First Trust Advisors LP now owns 647,599 shares of the company’s stock valued at $20,587,000 after buying an additional 604,348 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Unum Group by 19.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,159,565 shares of the company’s stock valued at $68,652,000 after buying an additional 349,768 shares in the last quarter. 92.81% of the stock is currently owned by institutional investors.
Unum Group (NYSE:UNM) traded down 0.21% during midday trading on Tuesday, hitting $42.02. 1,217,169 shares of the company were exchanged. The firm has a market capitalization of $9.75 billion, a PE ratio of 11.03 and a beta of 1.50. The stock has a 50 day moving average of $38.25 and a 200 day moving average of $35.24. Unum Group has a 1-year low of $23.99 and a 1-year high of $43.47.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. Unum Group had a return on equity of 10.24% and a net margin of 8.29%. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Unum Group will post $3.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, October 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $0.80 dividend on an annualized basis and a yield of 1.90%. Unum Group’s dividend payout ratio (DPR) is presently 20.94%.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, September 27th. Goldman Sachs Group Inc. boosted their target price on shares of Unum Group from $30.00 to $33.00 and gave the company a “sell” rating in a report on Friday, September 23rd. Credit Suisse Group AG assumed coverage on shares of Unum Group in a report on Friday, October 7th. They issued a “neutral” rating and a $42.00 target price on the stock. Royal Bank Of Canada boosted their target price on shares of Unum Group from $36.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, November 15th. Finally, Wells Fargo & Co. assumed coverage on shares of Unum Group in a report on Thursday, September 22nd. They issued a “market perform” rating on the stock. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Unum Group currently has an average rating of “Hold” and a consensus target price of $38.60.
In related news, EVP Christopher J. Jerome sold 8,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $41.49, for a total transaction of $331,920.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas R. Watjen sold 178,927 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $35.56, for a total value of $6,362,644.12. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
Unum Group Company Profile
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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