Unum Group (UNM) Shares Sold by Chevy Chase Trust Holdings Inc.
Chevy Chase Trust Holdings Inc. cut its position in shares of Unum Group (NYSE:UNM) by 3.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 196,462 shares of the company’s stock after selling 7,079 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Unum Group were worth $6,937,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Fox Run Management L.L.C. bought a new stake in Unum Group during the second quarter worth about $426,000. James Investment Research Inc. boosted its stake in Unum Group by 70.8% in the second quarter. James Investment Research Inc. now owns 773,797 shares of the company’s stock worth $24,599,000 after buying an additional 320,734 shares during the last quarter. Barometer Capital Management Inc. bought a new stake in Unum Group during the second quarter worth about $480,000. Nisa Investment Advisors LLC boosted its stake in Unum Group by 30.3% in the second quarter. Nisa Investment Advisors LLC now owns 77,373 shares of the company’s stock worth $2,460,000 after buying an additional 17,970 shares during the last quarter. Finally, MAI Capital Management boosted its stake in Unum Group by 5.3% in the second quarter. MAI Capital Management now owns 6,862 shares of the company’s stock worth $218,000 after buying an additional 344 shares during the last quarter. Institutional investors own 92.81% of the company’s stock.
Shares of Unum Group (NYSE:UNM) traded up 0.71% during trading on Wednesday, reaching $42.32. The company had a trading volume of 1,616,513 shares. The firm has a market capitalization of $9.82 billion, a P/E ratio of 11.10 and a beta of 1.50. The company has a 50 day moving average of $38.20 and a 200-day moving average of $35.23. Unum Group has a 52-week low of $23.99 and a 52-week high of $43.47.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 26th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Unum Group had a return on equity of 10.24% and a net margin of 8.29%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Equities analysts expect that Unum Group will post $3.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, October 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.90%. The ex-dividend date was Thursday, October 27th. Unum Group’s payout ratio is presently 20.94%.
A number of equities research analysts recently weighed in on UNM shares. FBR & Co lifted their price objective on shares of Unum Group from $31.00 to $40.00 and gave the company an “underperform” rating in a research note on Monday. Compass Point cut shares of Unum Group from a “buy” rating to a “neutral” rating and set a $42.00 price objective on the stock. in a research note on Monday. They noted that the move was a valuation call. Zacks Investment Research cut shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, November 21st. RBC Capital Markets restated an “outperform” rating and set a $43.00 price objective (up from $36.00) on shares of Unum Group in a research note on Tuesday, November 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of Unum Group from $36.00 to $43.00 and gave the company an “outperform” rating in a research note on Tuesday, November 15th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $38.67.
In other news, Director Thomas R. Watjen sold 178,927 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $35.56, for a total transaction of $6,362,644.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John F. Mcgarry sold 12,000 shares of the stock in a transaction on Monday, November 14th. The stock was sold at an average price of $41.44, for a total value of $497,280.00. The disclosure for this sale can be found here. Insiders own 0.62% of the company’s stock.
About Unum Group
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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