Kalos Management Inc. Has $2.95 Million Holdings in Unum Group (UNM)
Kalos Management Inc. grew its stake in Unum Group (NYSE:UNM) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,756 shares of the financial services provider’s stock after buying an additional 1,486 shares during the quarter. Unum Group makes up 1.9% of Kalos Management Inc.’s portfolio, making the stock its 14th biggest holding. Kalos Management Inc.’s holdings in Unum Group were worth $2,953,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. BB&T Investment Services Inc. purchased a new stake in Unum Group in the second quarter worth about $100,000. Jacobi Capital Management LLC purchased a new stake in Unum Group in the second quarter worth about $159,000. Invictus RG purchased a new stake in Unum Group in the third quarter worth about $176,000. Keel Point LLC purchased a new stake in Unum Group in the third quarter worth about $202,000. Finally, Schulhoff & Co. Inc. purchased a new stake in Unum Group in the third quarter worth about $204,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
In related news, Director E Michael Caulfield sold 3,814 shares of the 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $53.24, for a total value of $417,880.76. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by corporate insiders.
A number of analysts have commented on UNM shares. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Unum Group in a research note on Friday, October 27th. Morgan Stanley upped their price objective on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Wells Fargo & Company set a $48.00 price objective on Unum Group and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Goldman Sachs Group initiated coverage on Unum Group in a research note on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $53.27.
Unum Group (NYSE UNM) traded up $0.70 during midday trading on Monday, hitting $57.49. The stock had a trading volume of 775,600 shares, compared to its average volume of 1,172,070. The company has a market capitalization of $12,900.13, a price-to-earnings ratio of 13.82, a price-to-earnings-growth ratio of 1.94 and a beta of 1.66. 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 1 year low of $42.90 and a 1 year high of $57.50.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. sell-side analysts forecast that Unum Group will post 4.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, October 27th. Unum Group’s payout ratio is presently 21.60%.
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Unum Group 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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