State Board of Administration of Florida Retirement System reduced its position in Unum Group (NYSE:UNM) by 1.2% during the fourth quarter, Holdings Channel reports. The fund owned 411,752 shares of the company’s stock after selling 5,000 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Unum Group were worth $18,088,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. Bellwether Investment Group LLC acquired a new stake in shares of Unum Group during the second quarter valued at approximately $133,000. Global X Management Co. LLC boosted its stake in shares of Unum Group by 74.6% in the third quarter. Global X Management Co. LLC now owns 4,529 shares of the company’s stock valued at $160,000 after buying an additional 1,935 shares during the period. SRB Corp boosted its stake in shares of Unum Group by 13.9% in the third quarter. SRB Corp now owns 4,568 shares of the company’s stock valued at $161,000 after buying an additional 558 shares during the period. First Manhattan Co. boosted its stake in shares of Unum Group by 386.4% in the third quarter. First Manhattan Co. now owns 5,350 shares of the company’s stock valued at $188,000 after buying an additional 4,250 shares during the period. Finally, Crow Point Partners LLC acquired a new stake in shares of Unum Group during the third quarter valued at approximately $193,000. 92.21% of the stock is owned by hedge funds and other institutional investors.
Unum Group (NYSE:UNM) opened at 48.50 on Wednesday. The company has a market cap of $11.15 billion, a P/E ratio of 12.28 and a beta of 1.54. Unum Group has a 52 week low of $26.68 and a 52 week high of $48.70. The company has a 50-day moving average of $45.47 and a 200 day moving average of $39.53.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, February 1st. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.98 by $0.02. The company earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Unum Group had a net margin of 8.43% and a return on equity of 10.18%. Unum Group’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. On average, equities analysts forecast that Unum Group will post $4.10 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Monday, January 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, January 26th. This represents a $0.80 dividend on an annualized basis and a yield of 1.65%. Unum Group’s dividend payout ratio is presently 20.20%.
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UNM has been the topic of a number of research analyst reports. Zacks Investment Research raised 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 Monday, October 31st. Royal Bank Of Canada upped 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. RBC Capital Markets reaffirmed an “outperform” rating and issued a $43.00 target price (up from $36.00) on shares of Unum Group in a report on Tuesday, November 15th. FBR & Co upped their target price on shares of Unum Group from $31.00 to $40.00 and gave the company an “underperform” rating in a report on Monday, November 28th. Finally, Compass Point cut shares of Unum Group from a “buy” rating to a “neutral” rating and set a $42.00 target price on the stock. in a report on Monday, November 28th. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Unum Group presently has a consensus rating of “Hold” and a consensus price target of $41.08.
In other news, Director Thomas R. Watjen sold 25,000 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $46.91, for a total value of $1,172,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pamela H. Godwin sold 10,000 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $46.86, for a total transaction of $468,600.00. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.
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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