Atwood & Palmer Inc. lifted its stake in shares of Unum Group (NYSE:UNM) by 1.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,821 shares of the financial services provider’s stock after purchasing an additional 1,796 shares during the period. Atwood & Palmer Inc. owned approximately 0.08% of Unum Group worth $6,518,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Unum Group by 1.3% during the second quarter. BlackRock Inc. now owns 17,212,634 shares of the financial services provider’s stock worth $636,697,000 after purchasing an additional 214,291 shares during the period. LSV Asset Management grew its holdings in shares of Unum Group by 3.5% during the second quarter. LSV Asset Management now owns 5,493,349 shares of the financial services provider’s stock valued at $203,198,000 after buying an additional 185,504 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Unum Group by 158.2% during the second quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock valued at $197,086,000 after buying an additional 3,264,382 shares in the last quarter. Investec Asset Management LTD grew its holdings in shares of Unum Group by 18.4% during the second quarter. Investec Asset Management LTD now owns 4,753,433 shares of the financial services provider’s stock valued at $175,829,000 after buying an additional 739,037 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Unum Group during the second quarter valued at $152,694,000. 90.92% of the stock is currently owned by institutional investors.
Shares of UNM stock traded up $0.35 on Monday, reaching $34.86. 246,417 shares of the company’s stock traded hands, compared to its average volume of 2,532,779. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35. Unum Group has a 12-month low of $33.27 and a 12-month high of $58.73. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.73 and a beta of 1.36.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, October 29th will be paid a $0.26 dividend. The ex-dividend date is Friday, October 26th. This represents a $1.04 dividend on an annualized basis and a yield of 2.98%. Unum Group’s dividend payout ratio (DPR) is currently 24.24%.
In other Unum Group news, EVP Breege A. Farrell sold 7,500 shares of the business’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $40.66, for a total value of $304,950.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.
A number of research analysts have recently weighed in on the company. TheStreet downgraded Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Friday, October 12th. Finally, Barclays lowered their price target on Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Unum Group 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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