SG Americas Securities LLC Has $5.06 Million Stake in Unum Group (UNM)
SG Americas Securities LLC reduced its stake in Unum Group (NYSE:UNM) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,046 shares of the financial services provider’s stock after selling 16,311 shares during the period. SG Americas Securities LLC’s holdings in Unum Group were worth $5,064,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of Unum Group by 188.4% in the third quarter. Russell Investments Group Ltd. now owns 238,424 shares of the financial services provider’s stock worth $12,189,000 after acquiring an additional 155,764 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Unum Group during the third quarter valued at $205,000. Bank of New York Mellon Corp boosted its stake in Unum Group by 21.2% during the third quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after buying an additional 515,351 shares during the period. Teacher Retirement System of Texas boosted its stake in Unum Group by 71.0% during the third quarter. Teacher Retirement System of Texas now owns 133,743 shares of the financial services provider’s stock valued at $6,838,000 after buying an additional 55,547 shares during the period. Finally, Rhumbline Advisers boosted its stake in Unum Group by 1.3% during the third quarter. Rhumbline Advisers now owns 429,587 shares of the financial services provider’s stock valued at $21,965,000 after buying an additional 5,634 shares during the period. 92.31% of the stock is owned by hedge funds and other institutional investors.
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Shares of Unum Group (NYSE UNM) traded up $0.21 during mid-day trading on Friday, reaching $53.46. The company’s stock had a trading volume of 1,295,746 shares, compared to its average volume of 1,415,441. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. Unum Group has a 52-week low of $42.00 and a 52-week high of $53.61. The company has a market capitalization of $11,995.84, a price-to-earnings ratio of 12.85, a P/E/G ratio of 1.80 and a beta of 1.65.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s revenue was up 2.0% compared to the same quarter last year. equities analysts expect that Unum Group will post 4.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, October 30th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.72%. Unum Group’s dividend payout ratio is currently 21.60%.
In other news, Director E Michael Caulfield sold 3,814 shares of Unum Group stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $52.42, for a total value of $199,929.88. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.53% of the stock is currently owned by insiders.
UNM has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, September 6th. SunTrust Banks, Inc. reissued a “buy” rating and set a $62.00 price objective on shares of Unum Group in a research note on Friday, October 27th. ValuEngine raised Unum Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered Unum Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $51.38.
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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