Carret Asset Management LLC Sells 1,050 Shares of Unum Group (UNM)

Carret Asset Management LLC trimmed its holdings in shares of Unum Group (NYSE:UNM) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,650 shares of the financial services provider’s stock after selling 1,050 shares during the quarter. Carret Asset Management LLC’s holdings in Unum Group were worth $851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UNM. Gotham Asset Management LLC lifted its holdings in Unum Group by 0.8% during the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 35 shares in the last quarter. Quantum Capital Management lifted its holdings in Unum Group by 0.4% during the second quarter. Quantum Capital Management now owns 15,174 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 54 shares in the last quarter. HM Payson & Co. lifted its holdings in Unum Group by 0.5% during the second quarter. HM Payson & Co. now owns 12,527 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 62 shares in the last quarter. Newman Dignan & Sheerar Inc. lifted its holdings in Unum Group by 0.6% during the second quarter. Newman Dignan & Sheerar Inc. now owns 15,954 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 100 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in Unum Group by 2.1% during the second quarter. Ameritas Investment Partners Inc. now owns 5,386 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

UNM has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Wednesday, September 6th. SunTrust Banks reaffirmed a “buy” rating and set a $62.00 price target on shares of Unum Group in a report on Friday, October 27th. ValuEngine raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded shares of Unum Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $53.27.

Unum Group (NYSE UNM) traded down $0.18 during mid-day trading on Thursday, hitting $56.34. 838,600 shares of the stock traded hands, compared to its average volume of 1,176,012. Unum Group has a 1 year low of $42.76 and a 1 year high of $57.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $12,682.47, a P/E ratio of 13.59, a PEG ratio of 1.91 and a beta of 1.66.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.05. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 earnings per share. equities analysts expect that Unum Group will post 4.23 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, October 27th. Unum Group’s payout ratio is 21.60%.

In related news, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher J. Jerome sold 7,849 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $53.24, for a total transaction of $417,880.76. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Carret Asset Management LLC Sells 1,050 Shares of Unum Group (UNM)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3080223/carret-asset-management-llc-sells-1050-shares-of-unum-group-unm.html.

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.

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.