Unum Group (UNM) Position Reduced by Cambria Investment Management L.P.
Cambria Investment Management L.P. reduced its holdings in shares of Unum Group (NYSE:UNM) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,843 shares of the financial services provider’s stock after selling 3,004 shares during the quarter. Cambria Investment Management L.P.’s holdings in Unum Group were worth $1,577,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Gotham Asset Management LLC increased its position in Unum Group by 0.8% in the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after buying an additional 35 shares during the last quarter. Aviva PLC increased its position in Unum Group by 0.5% in the second quarter. Aviva PLC now owns 144,311 shares of the financial services provider’s stock worth $6,731,000 after buying an additional 690 shares during the last quarter. Prudential Financial Inc. increased its position in Unum Group by 30.5% in the second quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock worth $144,982,000 after buying an additional 727,487 shares during the last quarter. Atwood & Palmer Inc. purchased a new stake in Unum Group in the second quarter worth $5,538,000. Finally, Zurich Insurance Group Ltd FI purchased a new stake in Unum Group in the second quarter worth $1,427,000. 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 business’s stock in a transaction dated 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 SEC, which is accessible through this link. Also, EVP Christopher J. Jerome sold 7,849 shares of the business’s 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 disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
A number of analysts have issued reports on the company. Wells Fargo & Company set a $48.00 target price on Unum Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks reiterated a “buy” rating and issued a $58.00 price target on shares of Unum Group in a research report on Wednesday, September 27th. Royal Bank of Canada reiterated a “hold” rating and issued a $52.00 price target on shares of Unum Group in a research report on Friday, October 27th. Zacks Investment Research lowered Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, September 18th. Finally, Goldman Sachs Group began coverage on Unum Group in a research note on Wednesday, October 18th. They set a “sell” rating and a $48.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.27.
Unum Group (UNM) traded down $0.84 during midday trading on Tuesday, hitting $56.65. The stock had a trading volume of 1,292,400 shares, compared to its average volume of 1,172,576. Unum Group has a 12 month low of $42.90 and a 12 month high of $57.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market cap of $12,640.00, a price-to-earnings ratio of 13.82, a PEG ratio of 1.94 and a beta of 1.66.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $1.01 EPS. Unum Group’s revenue was up 2.0% compared to the same quarter last year. sell-side analysts anticipate that Unum Group will post 4.23 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, October 30th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, October 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.62%. Unum Group’s dividend payout ratio is presently 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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