Patten Group Inc. Has $2.02 Million Holdings in Unum Group (UNM)
Patten Group Inc. trimmed its stake in Unum Group (NYSE:UNM) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,678 shares of the financial services provider’s stock after selling 4,640 shares during the period. Patten Group Inc.’s holdings in Unum Group were worth $2,019,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. bought a new stake in Unum Group in the third quarter valued at $117,000. Signaturefd LLC grew its holdings in shares of Unum Group by 95.1% during the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,615 shares during the last quarter. Focused Wealth Management Inc grew its holdings in shares of Unum Group by 12,500.0% during the second quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 3,500 shares during the last quarter. Tuttle Tactical Management bought a new stake in shares of Unum Group during the second quarter worth $166,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Unum Group during the third quarter worth $202,000. Hedge funds and other institutional investors own 90.38% of the company’s stock.
Shares of UNM stock traded down $1.16 during trading hours on Thursday, hitting $32.45. 31,628 shares of the company’s stock were exchanged, compared to its average volume of 2,153,607. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $7.35 billion, a PE ratio of 7.57, a PEG ratio of 0.72 and a beta of 1.30. Unum Group has a 52 week low of $33.27 and a 52 week high of $58.73.
The company also recently declared a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Monday, October 29th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, October 26th. Unum Group’s dividend payout ratio (DPR) is presently 24.24%.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Friday, October 12th. TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.08.
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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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