MetLife Investment Management LLC Has $5.27 Million Position in Unum Group (NYSE:UNM)

MetLife Investment Management LLC cut its holdings in Unum Group (NYSE:UNM) by 5.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,577 shares of the financial services provider’s stock after selling 5,395 shares during the period. MetLife Investment Management LLC’s holdings in Unum Group were worth $5,265,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wedge Capital Management L L P NC increased its position in Unum Group by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock worth $44,609,000 after buying an additional 64,661 shares during the period. Cetera Advisors LLC bought a new position in Unum Group during the first quarter worth $703,000. Van ECK Associates Corp bought a new position in Unum Group during the second quarter worth $3,945,000. My Legacy Advisors LLC acquired a new position in Unum Group during the 2nd quarter valued at $473,000. Finally, CoreCap Advisors LLC bought a new stake in Unum Group in the 2nd quarter valued at $2,007,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Bank of America lifted their price objective on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley boosted their price objective on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, UBS Group raised Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.73.

Unum Group Stock Down 0.2 %

Shares of NYSE UNM opened at $76.90 on Friday. Unum Group has a 52-week low of $42.09 and a 52-week high of $77.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The business has a fifty day moving average of $65.87 and a two-hundred day moving average of $57.52. The stock has a market cap of $14.04 billion, a PE ratio of 8.32, a PEG ratio of 1.10 and a beta of 0.76.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $1.94 EPS. As a group, equities research analysts expect that Unum Group will post 8.53 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, October 25th. Unum Group’s payout ratio is currently 18.18%.

Insider Buying and Selling

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at $581,591.16. This represents a 15.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the completion of the sale, the chief executive officer now owns 1,007,003 shares of the company’s stock, valued at $75,917,956.17. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,709 shares of company stock worth $10,956,914 in the last three months. Insiders own 0.93% of the company’s stock.

Unum Group Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. 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.