Public Employees Retirement System of Ohio Reduces Stock Position in Unum Group (NYSE:UNM)

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Public Employees Retirement System of Ohio cut its holdings in Unum Group (NYSE:UNM) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 80,938 shares of the financial services provider’s stock after selling 819 shares during the period. Public Employees Retirement System of Ohio’s holdings in Unum Group were worth $2,405,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UNM. Vanguard Group Inc. lifted its holdings in shares of Unum Group by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 23,945,430 shares of the financial services provider’s stock valued at $803,370,000 after acquiring an additional 1,218,617 shares during the last quarter. Donald Smith & CO. Inc. raised its position in Unum Group by 6.2% during the third quarter. Donald Smith & CO. Inc. now owns 5,872,187 shares of the financial services provider’s stock valued at $174,521,000 after purchasing an additional 343,265 shares during the period. Bank of Nova Scotia lifted its stake in shares of Unum Group by 376.8% in the 2nd quarter. Bank of Nova Scotia now owns 3,369,146 shares of the financial services provider’s stock valued at $10,733,000 after purchasing an additional 2,662,577 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Unum Group by 66.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,511,001 shares of the financial services provider’s stock valued at $83,742,000 after purchasing an additional 1,004,924 shares during the last quarter. Finally, Nuance Investments LLC boosted its holdings in shares of Unum Group by 10.3% in the 2nd quarter. Nuance Investments LLC now owns 2,483,537 shares of the financial services provider’s stock worth $83,323,000 after purchasing an additional 232,087 shares during the period. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Unum Group stock opened at $29.27 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a market capitalization of $6.04 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 0.63 and a beta of 1.61. Unum Group has a 1-year low of $24.71 and a 1-year high of $38.29. The company’s 50-day moving average is $29.37 and its 200 day moving average is $30.20.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.01). The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Unum Group had a net margin of 8.89% and a return on equity of 12.31%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS. Research analysts anticipate that Unum Group will post 5.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, October 28th were issued a $0.285 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.14 annualized dividend and a dividend yield of 3.89%. Unum Group’s payout ratio is 21.92%.

Several equities analysts have recently weighed in on the company. DOWLING & PARTN reissued a “buy” rating on shares of Unum Group in a research report on Monday, November 18th. Morgan Stanley lowered their price target on Unum Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Zacks Investment Research lowered shares of Unum Group from a “hold” rating to a “sell” rating and set a $32.00 price objective for the company. in a research note on Monday, November 11th. Barclays set a $36.00 price objective on shares of Unum Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $36.40.

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

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