Unum Group (UNM) Shares Sold by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp cut its stake in Unum Group (NYSE:UNM) by 60.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,139 shares of the financial services provider’s stock after selling 295,467 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Unum Group worth $7,585,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Aperio Group LLC boosted its holdings in Unum Group by 3.3% in the second quarter. Aperio Group LLC now owns 244,348 shares of the financial services provider’s stock worth $9,038,000 after purchasing an additional 7,911 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Unum Group by 6.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 763,401 shares of the financial services provider’s stock valued at $28,238,000 after buying an additional 49,393 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Unum Group by 32.4% in the second quarter. Wells Fargo & Company MN now owns 800,902 shares of the financial services provider’s stock valued at $29,625,000 after buying an additional 195,950 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Unum Group in the second quarter valued at $2,084,000. Finally, First Trust Advisors LP lifted its stake in Unum Group by 14.9% in the second quarter. First Trust Advisors LP now owns 482,034 shares of the financial services provider’s stock valued at $17,830,000 after buying an additional 62,569 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.
UNM stock opened at $32.25 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.72 and a beta of 1.30. Unum Group has a 1 year low of $31.43 and a 1 year high of $58.73.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, October 29th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Friday, October 26th. Unum Group’s dividend payout ratio is currently 24.24%.
A number of equities research analysts have issued reports 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 research note on Friday, October 12th. TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $53.08.
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Unum Group Company 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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