Magnetar Financial LLC Sells 21,506 Shares of Unum Group (UNM)
Magnetar Financial LLC decreased its position in Unum Group (NYSE:UNM) by 77.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,154 shares of the financial services provider’s stock after selling 21,506 shares during the quarter. Magnetar Financial LLC’s holdings in Unum Group were worth $315,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BB&T Investment Services Inc. bought a new stake in shares of Unum Group in the 2nd quarter valued at approximately $100,000. Jacobi Capital Management LLC bought a new stake in shares of Unum Group in the 2nd quarter valued at approximately $159,000. Invictus RG bought a new stake in shares of Unum Group in the 3rd quarter valued at approximately $176,000. Keel Point LLC bought a new stake in shares of Unum Group in the 3rd quarter valued at approximately $202,000. Finally, Schulhoff & Co. Inc. bought a new stake in shares of Unum Group in the 3rd quarter valued at approximately $204,000. 91.77% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Christopher J. Jerome sold 7,849 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.24, for a total transaction of $417,880.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $52.42, for a total value of $199,929.88. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.
Several equities research analysts recently commented on the company. Wells Fargo & Company set a $56.00 price target on Unum Group and gave the company a “hold” rating in a research note on Wednesday. SunTrust Banks reissued a “buy” rating and issued a $62.00 price target on shares of Unum Group in a research note on Friday, October 27th. B. Riley raised Unum Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $43.00 to $52.00 in a research note on Monday, November 6th. Royal Bank of Canada reissued a “hold” rating and issued a $52.00 price target on shares of Unum Group in a research note on Friday, October 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $53.00 target price on shares of Unum Group in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Unum Group currently has a consensus rating of “Hold” and an average price target of $54.00.
Unum Group (UNM) traded down $0.23 on Friday, reaching $54.03. The company had a trading volume of 2,648,711 shares, compared to its average volume of 1,240,562. Unum Group has a 12-month low of $43.33 and a 12-month high of $57.55. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. The firm has a market cap of $12,175.35, a price-to-earnings ratio of 13.04, a P/E/G ratio of 1.84 and a beta of 1.66.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share 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 period in the previous year, the company earned $1.01 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. research analysts expect that Unum Group will post 4.21 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were issued a $0.23 dividend. The ex-dividend date was Friday, October 27th. This represents a $0.92 annualized dividend and a yield of 1.70%. Unum Group’s dividend payout ratio (DPR) is currently 21.60%.
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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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