Patten Group Inc. trimmed its holdings in shares of Unum Group (NYSE:UNM) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,076 shares of the financial services provider’s stock after selling 845 shares during the quarter. Patten Group Inc.’s holdings in Unum Group were worth $1,525,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Unum Group by 21.5% in the fourth quarter. BlackRock Inc. now owns 19,837,098 shares of the financial services provider’s stock valued at $582,815,000 after acquiring an additional 3,516,140 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Unum Group by 4.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 5,805,447 shares of the financial services provider’s stock valued at $170,564,000 after acquiring an additional 250,095 shares in the last quarter. LSV Asset Management raised its holdings in shares of Unum Group by 1.4% in the fourth quarter. LSV Asset Management now owns 5,606,649 shares of the financial services provider’s stock valued at $164,723,000 after acquiring an additional 76,984 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Unum Group by 6.2% in the first quarter. Dimensional Fund Advisors LP now owns 5,177,976 shares of the financial services provider’s stock valued at $175,169,000 after acquiring an additional 302,573 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Unum Group by 15.1% in the fourth quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock valued at $98,111,000 after acquiring an additional 438,390 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.
In other Unum Group news, Director Gloria C. Larson sold 1,602 shares of Unum Group stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total value of $53,747.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is owned by insiders.
Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.31. Unum Group had a return on equity of 12.91% and a net margin of 4.54%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that Unum Group will post 5.45 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, April 29th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.04 annualized dividend and a yield of 3.15%. Unum Group’s dividend payout ratio (DPR) is presently 20.00%.
Several analysts recently weighed in on UNM shares. Zacks Investment Research downgraded Unum Group from a “hold” rating to a “sell” rating in a report on Friday, April 12th. TheStreet downgraded Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. Finally, ValuEngine upgraded Unum Group from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.75.
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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.
Read More: Intrinsic Value
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