First Allied Advisory Services Inc. lowered its stake in shares of Unum Group (NYSE:UNM) by 4.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 169,914 shares of the financial services provider’s stock after selling 7,351 shares during the period. First Allied Advisory Services Inc.’s holdings in Unum Group were worth $5,783,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Unum Group in the first quarter valued at approximately $688,000. Prudential Financial Inc. raised its position in shares of Unum Group by 249.9% in the fourth quarter. Prudential Financial Inc. now owns 2,515,315 shares of the financial services provider’s stock valued at $73,900,000 after buying an additional 1,796,405 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Unum Group by 429.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 30,555 shares of the financial services provider’s stock valued at $898,000 after buying an additional 24,787 shares during the last quarter. Morgan Stanley raised its position in shares of Unum Group by 7.4% in the third quarter. Morgan Stanley now owns 629,957 shares of the financial services provider’s stock valued at $24,613,000 after buying an additional 43,464 shares during the last quarter. Finally, Stanley Laman Group Ltd. raised its position in shares of Unum Group by 2.4% in the fourth quarter. Stanley Laman Group Ltd. now owns 14,983 shares of the financial services provider’s stock valued at $440,000 after buying an additional 347 shares during the last quarter. 93.04% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on UNM. TheStreet raised shares of Unum Group from a “c+” rating to a “b” rating in a research report on Friday, March 8th. ValuEngine raised shares of Unum Group from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research lowered shares of Unum Group from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.40.
Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. Unum Group had a net margin of 4.54% and a return on equity of 12.91%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm earned $1.24 earnings per share. Unum Group’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts predict that Unum Group will post 5.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, April 29th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a $1.04 dividend on an annualized basis and a yield of 3.01%. Unum Group’s payout ratio is 20.00%.
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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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