Meeder Asset Management Inc. increased its stake in Unum Group (NYSE:UNM) by 13.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,053 shares of the financial services provider’s stock after acquiring an additional 2,713 shares during the quarter. Meeder Asset Management Inc.’s holdings in Unum Group were worth $774,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its position in Unum Group by 0.5% in the 1st quarter. Crossmark Global Holdings Inc. now owns 56,653 shares of the financial services provider’s stock valued at $1,917,000 after purchasing an additional 290 shares during the period. CWM LLC grew its position in Unum Group by 68.3% in the 1st quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 299 shares during the period. Investors Research Corp grew its position in Unum Group by 4.6% in the 2nd quarter. Investors Research Corp now owns 6,800 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 300 shares during the period. First Republic Investment Management Inc. grew its position in Unum Group by 2.1% in the 1st quarter. First Republic Investment Management Inc. now owns 17,318 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 364 shares during the period. Finally, Stanley Laman Group Ltd. grew its position in Unum Group by 2.5% in the 2nd quarter. Stanley Laman Group Ltd. now owns 15,315 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 380 shares during the period. Institutional investors own 93.51% of the company’s stock.
UNM has been the subject of several research reports. Barclays set a $36.00 price target on shares of Unum Group and gave the company a “buy” rating in a research report on Monday, August 12th. Credit Suisse Group started coverage on shares of Unum Group in a research report on Wednesday, July 10th. They issued an “underperform” rating for the company. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. Morgan Stanley cut their price objective on shares of Unum Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price objective on the stock in a report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $38.25.
UNM opened at $26.65 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.17 and a quick ratio of 0.17. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 5.13, a P/E/G ratio of 0.55 and a beta of 1.50. The firm’s fifty day moving average price is $31.01 and its two-hundred day moving average price is $34.07. Unum Group has a 1 year low of $25.69 and a 1 year high of $40.76.
Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.02. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.99 billion. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. As a group, equities analysts anticipate that Unum Group will post 5.45 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, July 29th were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 4.28%. This is an increase from Unum Group’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, July 26th. Unum Group’s payout ratio is currently 21.92%.
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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