Robeco Institutional Asset Management B.V. raised its holdings in shares of Unum Group (NYSE:UNM) by 48.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 753,427 shares of the financial services provider’s stock after purchasing an additional 245,601 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.34% of Unum Group worth $29,437,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UNM. Signaturefd LLC lifted its holdings in Unum Group by 95.1% during the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,615 shares during the last quarter. Focused Wealth Management Inc lifted its holdings in Unum Group by 12,500.0% during the second quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 3,500 shares during the last quarter. Tuttle Tactical Management purchased a new stake in Unum Group during the second quarter valued at about $166,000. Cerebellum GP LLC purchased a new stake in Unum Group during the second quarter valued at about $176,000. Finally, Exane Asset Management purchased a new stake in shares of Unum Group in the second quarter worth about $195,000. 90.93% of the stock is currently owned by institutional investors and hedge funds.
Shares of Unum Group stock opened at $34.51 on Monday. Unum Group has a 12-month low of $33.27 and a 12-month high of $58.73. The stock has a market capitalization of $7.55 billion, a PE ratio of 8.04, a PEG ratio of 0.75 and a beta of 1.36. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, October 29th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, October 26th. Unum Group’s payout ratio is 24.24%.
UNM has been the topic of a number of recent analyst reports. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Finally, Barclays lowered their price target on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $53.08.
In related news, EVP Breege A. Farrell sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total value of $304,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.40% of the company’s stock.
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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