Delta Asset Management LLC TN Lowers Stake in Unum Group (UNM)

Delta Asset Management LLC TN decreased its position in shares of Unum Group (NYSE:UNM) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,500 shares of the financial services provider’s stock after selling 2,235 shares during the quarter. Delta Asset Management LLC TN’s holdings in Unum Group were worth $383,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UNM. Raymond James Financial Services Advisors Inc. raised its stake in Unum Group by 6.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,863 shares of the financial services provider’s stock worth $1,220,000 after buying an additional 1,497 shares during the period. Paragon Capital Management Ltd acquired a new stake in Unum Group during the 3rd quarter worth $298,000. Regentatlantic Capital LLC raised its stake in Unum Group by 3.1% during the 3rd quarter. Regentatlantic Capital LLC now owns 33,043 shares of the financial services provider’s stock worth $1,689,000 after buying an additional 1,002 shares during the period. First Midwest Bank Trust Division raised its stake in Unum Group by 10.6% during the 3rd quarter. First Midwest Bank Trust Division now owns 14,040 shares of the financial services provider’s stock worth $718,000 after buying an additional 1,349 shares during the period. Finally, Schulhoff & Co. Inc. bought a new position in Unum Group during the 3rd quarter worth about $204,000. 92.31% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on UNM. Barclays PLC increased their target price on Unum Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. B. Riley upgraded shares of Unum Group from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $43.00 to $52.00 in a research report on Monday, November 6th. Keefe, Bruyette & Woods restated a “hold” rating and set a $53.00 price objective on shares of Unum Group in a research report on Friday. BidaskClub upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $51.38.

Shares of Unum Group (UNM) traded up $0.40 during midday trading on Tuesday, hitting $52.82. 1,728,300 shares of the stock traded hands, compared to its average volume of 1,170,460. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a 52-week low of $40.90 and a 52-week high of $53.36. The firm has a market capitalization of $11,762.48, a price-to-earnings ratio of 12.60, a P/E/G ratio of 1.77 and a beta of 1.65.

Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. sell-side analysts forecast that Unum Group will post 4.24 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, October 30th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, October 27th. Unum Group’s payout ratio is 21.60%.

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In other Unum Group news, Director E Michael Caulfield sold 3,814 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.53% of the company’s stock.

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.

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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