Oppenheimer & Co. Inc. boosted its position in shares of Unum Group (NYSE:UNM) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,610 shares of the financial services provider’s stock after buying an additional 2,741 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Unum Group were worth $2,251,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Unum Group by 1.3% in the 2nd quarter. BlackRock Inc. now owns 17,212,634 shares of the financial services provider’s stock valued at $636,697,000 after purchasing an additional 214,291 shares during the period. LSV Asset Management boosted its position in shares of Unum Group by 3.5% in the 2nd quarter. LSV Asset Management now owns 5,493,349 shares of the financial services provider’s stock valued at $203,198,000 after purchasing an additional 185,504 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of Unum Group by 158.2% in the 2nd quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock valued at $197,086,000 after purchasing an additional 3,264,382 shares during the period. Investec Asset Management LTD boosted its position in shares of Unum Group by 18.4% in the 2nd quarter. Investec Asset Management LTD now owns 4,753,433 shares of the financial services provider’s stock valued at $175,829,000 after purchasing an additional 739,037 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Unum Group in the 2nd quarter valued at $152,694,000. 90.92% of the stock is owned by institutional investors and hedge funds.
UNM opened at $36.26 on Thursday. Unum Group has a fifty-two week low of $33.27 and a fifty-two week high of $58.73. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market cap of $7.93 billion, a PE ratio of 8.45, a PEG ratio of 0.77 and a beta of 1.36.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, October 29th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, October 26th. Unum Group’s dividend payout ratio (DPR) is presently 24.24%.
UNM has been the subject of a number of research reports. Barclays decreased their price objective on Unum Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, July 9th. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, October 12th. Finally, TheStreet lowered Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $53.08.
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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