Legg Mason Asset Management Japan Co. Ltd. lessened its position in shares of Unum Group (NYSE:UNM) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,100 shares of the financial services provider’s stock after selling 900 shares during the quarter. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Unum Group were worth $591,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of UNM. Prime Capital Investment Advisors LLC bought a new stake in Unum Group in the fourth quarter valued at about $25,000. We Are One Seven LLC bought a new stake in Unum Group in the fourth quarter valued at about $29,000. Stamos Capital Partners L.P. bought a new stake in Unum Group in the fourth quarter valued at about $60,000. Oregon Public Employees Retirement Fund increased its holdings in 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 purchasing an additional 2,035,983 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in Unum Group by 463.9% in the fourth quarter. Penserra Capital Management LLC now owns 3,925 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 3,229 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.
UNM has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a report on Monday, December 31st. JPMorgan Chase & Co. dropped their price objective on Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 2nd. Finally, TheStreet upgraded Unum Group from a “c+” rating to a “b” rating in a report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $51.55.
Shares of Unum Group stock opened at $36.38 on Friday. Unum Group has a 1 year low of $26.76 and a 1 year high of $51.17. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.48. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.34.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, February 5th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.01). Unum Group had a return on equity of 12.69% and a net margin of 4.51%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the company earned $1.13 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that Unum Group will post 5.49 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Monday, January 28th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, January 25th. This represents a $1.04 annualized dividend and a dividend yield of 2.86%. Unum Group’s dividend payout ratio (DPR) is currently 20.00%.
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Unum Group Profile
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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