Unum Group Sees Unusually High Options Volume (UNM)

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Unum Group (NYSE:UNM) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 21,130 call options on the stock. This represents an increase of 1,060% compared to the typical volume of 1,822 call options.

Shares of UNM stock opened at $37.42 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 0.75 and a beta of 1.46. Unum Group has a 12-month low of $26.76 and a 12-month high of $49.33.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.01). The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.91 billion. Unum Group had a return on equity of 12.69% and a net margin of 4.51%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $1.13 earnings per share. On average, sell-side analysts anticipate that Unum Group will post 5.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, April 29th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $1.04 annualized dividend and a yield of 2.78%. Unum Group’s dividend payout ratio (DPR) is presently 20.00%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. TheStreet upgraded shares of Unum Group from a “c+” rating to a “b” rating in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Unum Group has a consensus rating of “Hold” and an average price target of $49.75.

A number of hedge funds have recently modified their holdings of UNM. Prime Capital Investment Advisors LLC acquired a new stake in shares of Unum Group in the fourth quarter valued at approximately $25,000. We Are One Seven LLC acquired a new stake in shares of Unum Group in the fourth quarter valued at approximately $29,000. CSat Investment Advisory L.P. raised its position in shares of Unum Group by 81.4% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,288 shares of the financial services provider’s stock valued at $38,000 after buying an additional 578 shares in the last quarter. Stamos Capital Partners L.P. acquired a new stake in shares of Unum Group in the fourth quarter valued at approximately $60,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Unum Group by 3,369.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,096,410 shares of the financial services provider’s stock valued at $71,000 after buying an additional 2,035,983 shares in the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

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About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

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