Swiss National Bank lifted its holdings in shares of Unum Group (NYSE:UNM) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 451,200 shares of the financial services provider’s stock after purchasing an additional 2,100 shares during the quarter. Swiss National Bank’s holdings in Unum Group were worth $11,307,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. Corient Capital Partners LLC lifted its position in shares of Unum Group by 1.5% during the second quarter. Corient Capital Partners LLC now owns 27,006 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 388 shares in the last quarter. Greenleaf Trust increased its stake in shares of Unum Group by 0.7% during the second quarter. Greenleaf Trust now owns 62,410 shares of the financial services provider’s stock worth $1,772,000 after buying an additional 455 shares during the period. Sugarloaf Wealth Management LLC increased its stake in shares of Unum Group by 33.6% during the third quarter. Sugarloaf Wealth Management LLC now owns 1,967 shares of the financial services provider’s stock worth $49,000 after buying an additional 495 shares during the period. Rockland Trust Co. increased its stake in shares of Unum Group by 3.8% during the third quarter. Rockland Trust Co. now owns 15,770 shares of the financial services provider’s stock worth $395,000 after buying an additional 574 shares during the period. Finally, Shell Asset Management Co. increased its stake in shares of Unum Group by 5.7% during the second quarter. Shell Asset Management Co. now owns 10,900 shares of the financial services provider’s stock worth $310,000 after buying an additional 590 shares during the period. 83.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of Unum Group stock opened at $28.10 on Friday. The firm has a market capitalization of $5.75 billion, a P/E ratio of 7.21, a P/E/G ratio of 0.68 and a beta of 1.67. Unum Group has a 52 week low of $22.25 and a 52 week high of $31.98. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $25.11 and its two-hundred day moving average is $26.15.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 18th. Stockholders of record on Friday, January 28th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.27%. Unum Group’s dividend payout ratio (DPR) is presently 30.77%.
Unum Group declared that its Board of Directors has initiated a share repurchase program on Monday, October 25th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
A number of analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Unum Group in a research note on Thursday, December 2nd. They set a “buy” rating and a $32.00 target price on the stock. Barclays cut their target price on shares of Unum Group from $28.00 to $25.00 and set an “underweight” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $29.00.
Unum Group Company Profile
Unum Group is engaged in providing financial protection benefits. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block and Corporate. The Unum US segment comprises of group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.
Further Reading: 52-Week Highs and Lows
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