BNP Paribas Arbitrage SA Purchases 63,771 Shares of Unum Group (UNM)
BNP Paribas Arbitrage SA boosted its position in Unum Group (NYSE:UNM) by 38.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 228,115 shares of the financial services provider’s stock after buying an additional 63,771 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.10% of Unum Group worth $11,664,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in UNM. Janus Henderson Group PLC raised its position in Unum Group by 8,280.8% in the 2nd quarter. Janus Henderson Group PLC now owns 2,062,519 shares of the financial services provider’s stock valued at $96,175,000 after buying an additional 2,037,909 shares during the last quarter. Prudential Financial Inc. raised its position in Unum Group by 30.5% in the 2nd quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock valued at $144,982,000 after buying an additional 727,487 shares during the last quarter. Balyasny Asset Management LLC raised its position in Unum Group by 370.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 874,161 shares of the financial services provider’s stock valued at $40,762,000 after buying an additional 688,176 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Unum Group by 2,958.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 637,002 shares of the financial services provider’s stock valued at $32,570,000 after buying an additional 616,171 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Unum Group by 6.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,036,701 shares of the financial services provider’s stock valued at $328,121,000 after buying an additional 415,909 shares during the last quarter. 92.31% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director E Michael Caulfield sold 3,814 shares of Unum Group stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.53% of the company’s stock.
A number of equities research analysts recently issued reports on UNM shares. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Thursday, August 24th. BidaskClub lowered Unum Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $58.00 price target on shares of Unum Group in a research report on Wednesday, September 27th. Finally, Morgan Stanley boosted their price target on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.38.
Unum Group (NYSE UNM) opened at $52.82 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. Unum Group has a one year low of $40.90 and a one year high of $53.36. The company has a market capitalization of $11,762.48, a P/E ratio of 12.60, a PEG ratio of 1.77 and a beta of 1.65.
Unum Group (NYSE:UNM) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period in the previous year, the company posted $1.01 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. research analysts anticipate that Unum Group will post 4.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, October 30th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.74%. Unum Group’s dividend payout ratio is currently 21.60%.
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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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