Ameriprise Financial Inc. Has $215.11 Million Holdings in Unum Group (UNM)
Ameriprise Financial Inc. cut its position in Unum Group (NYSE:UNM) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,207,076 shares of the financial services provider’s stock after selling 8,929 shares during the period. Ameriprise Financial Inc. owned about 1.87% of Unum Group worth $215,107,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of UNM. BB&T Investment Services Inc. acquired a new stake in shares of Unum Group during the second quarter worth $100,000. Jacobi Capital Management LLC acquired a new stake in shares of Unum Group during the second quarter worth $159,000. Huntington National Bank raised its holdings in shares of Unum Group by 25.8% during the second quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 700 shares during the period. Schulhoff & Co. Inc. acquired a new stake in shares of Unum Group during the third quarter worth $204,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Unum Group during the third quarter worth $205,000. Institutional investors own 92.45% of the company’s stock.
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In other news, EVP Christopher J. Jerome sold 7,849 shares of Unum Group stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.24, for a total value of $417,880.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Michael Caulfield sold 3,814 shares of Unum Group stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
Shares of Unum Group (NYSE:UNM) traded up $0.03 on Friday, hitting $53.90. 938,600 shares of the stock were exchanged, compared to its average volume of 1,174,363. Unum Group has a 52 week low of $42.00 and a 52 week high of $54.22. The company has a market cap of $12,094.57, a P/E ratio of 12.96, a PEG ratio of 1.82 and a beta of 1.65. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the firm posted $1.01 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. analysts expect that Unum Group will post 4.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, October 30th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Friday, October 27th. Unum Group’s dividend payout ratio (DPR) is presently 21.60%.
UNM has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 4th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $62.00 price target on shares of Unum Group in a research note on Friday, October 27th. Morgan Stanley lifted their price target on shares of Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Goldman Sachs Group, Inc. (The) began coverage on shares of Unum Group in a research note on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price target on the stock. Finally, Wells Fargo & Company set a $48.00 price target on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Unum Group presently has a consensus rating of “Hold” and an average target price of $51.38.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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