Pictet Asset Management Ltd. lifted its position in shares of Unum Group (NYSE:UNM) by 1.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 270,805 shares of the financial services provider’s stock after buying an additional 2,856 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Unum Group were worth $10,580,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aperio Group LLC lifted its holdings in shares of Unum Group by 3.3% in the second quarter. Aperio Group LLC now owns 244,348 shares of the financial services provider’s stock valued at $9,038,000 after purchasing an additional 7,911 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Unum Group by 6.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 763,401 shares of the financial services provider’s stock valued at $28,238,000 after acquiring an additional 49,393 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Unum Group by 32.4% during the second quarter. Wells Fargo & Company MN now owns 800,902 shares of the financial services provider’s stock valued at $29,625,000 after acquiring an additional 195,950 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Unum Group during the second quarter valued at approximately $2,084,000. Finally, First Trust Advisors LP increased its position in shares of Unum Group by 14.9% during the second quarter. First Trust Advisors LP now owns 482,034 shares of the financial services provider’s stock valued at $17,830,000 after acquiring an additional 62,569 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.
Shares of UNM opened at $32.25 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18. The company has a market cap of $7.35 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.72 and a beta of 1.30. Unum Group has a 12 month low of $31.43 and a 12 month high of $58.73.
The company also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Monday, October 29th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Friday, October 26th. Unum Group’s dividend payout ratio is currently 24.24%.
A number of brokerages recently commented on UNM. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Friday, October 12th. TheStreet downgraded Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Unum Group currently has a consensus rating of “Hold” and an average price target of $53.08.
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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