TIAA CREF Investment Management LLC Has $25.31 Million Stake in Unum Group (UNM)
TIAA CREF Investment Management LLC increased its position in Unum Group (NYSE:UNM) by 4.6% during the first quarter, Holdings Channel reports. The firm owned 539,712 shares of the financial services provider’s stock after buying an additional 23,529 shares during the period. TIAA CREF Investment Management LLC owned about 0.24% of Unum Group worth $25,307,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in shares of Unum Group during the fourth quarter worth approximately $3,258,000. Cadence Capital Management LLC increased its stake in shares of Unum Group by 9.3% in the fourth quarter. Cadence Capital Management LLC now owns 6,809 shares of the financial services provider’s stock worth $299,000 after buying an additional 580 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in shares of Unum Group by 24.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 110,860 shares of the financial services provider’s stock worth $4,870,000 after buying an additional 22,108 shares in the last quarter. Renaissance Group LLC acquired a new stake in shares of Unum Group during the fourth quarter worth approximately $217,000. Finally, Federated Investors Inc. PA increased its stake in shares of Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock worth $191,000 after buying an additional 4,346 shares in the last quarter. 93.15% of the stock is owned by institutional investors.
Unum Group (NYSE:UNM) traded up 0.53% during midday trading on Friday, reaching $47.50. The company’s stock had a trading volume of 1,487,449 shares. The stock’s 50-day moving average price is $45.91 and its 200-day moving average price is $45.96. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 11.66 and a beta of 1.49. Unum Group has a 12 month low of $29.79 and a 12 month high of $50.27.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. Unum Group had a return on equity of 10.23% and a net margin of 8.54%. The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the company earned $0.94 earnings per share. Unum Group’s quarterly revenue was up 3.0% compared to the same quarter last year. Analysts predict that Unum Group will post $4.10 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, April 28th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, April 26th. This represents a $0.80 annualized dividend and a dividend yield of 1.68%. Unum Group’s dividend payout ratio is 19.61%.
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A number of equities research analysts have recently commented on the company. Citigroup Inc. downgraded Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Monday, March 13th. BidaskClub raised Unum Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank AG lifted their price objective on Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Unum Group in a research report on Friday, April 28th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Unum Group in a research report on Sunday, February 19th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $43.55.
In related news, EVP Michael Q. Simonds sold 5,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $46.61, for a total transaction of $233,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.
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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