Unum Group Sees Unusually High Options Volume (NYSE:UNM)

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Unum Group (NYSE:UNM) was the target of some unusual options trading on Tuesday. Investors bought 1,205 put options on the stock. This represents an increase of 856% compared to the average volume of 126 put options.

Shares of UNM opened at $29.60 on Thursday. Unum Group has a 52-week low of $24.71 and a 52-week high of $38.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.16. The business’s 50 day moving average price is $28.59 and its two-hundred day moving average price is $30.90. The firm has a market cap of $6.19 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.57.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.01). Unum Group had a net margin of 8.89% and a return on equity of 12.31%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the firm posted $1.37 earnings per share. Unum Group’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts predict that Unum Group will post 5.43 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, October 28th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.85%. The ex-dividend date is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is presently 21.92%.

Several analysts recently commented on the company. Citigroup reduced their target price on Unum Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. Zacks Investment Research cut Unum Group from a “hold” rating to a “sell” rating and set a $32.00 target price on the stock. in a report on Monday. ValuEngine upgraded Unum Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Barclays set a $36.00 target price on Unum Group and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Morgan Stanley reduced their target price on Unum Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Unum Group presently has an average rating of “Hold” and an average price target of $36.40.

A number of institutional investors and hedge funds have recently modified their holdings of UNM. Fulton Bank N.A. grew its holdings in shares of Unum Group by 9.3% in the 2nd quarter. Fulton Bank N.A. now owns 23,436 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 1,989 shares during the last quarter. Montecito Bank & Trust grew its holdings in shares of Unum Group by 5.7% in the 2nd quarter. Montecito Bank & Trust now owns 12,590 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 681 shares during the last quarter. Investors Research Corp grew its holdings in shares of Unum Group by 4.6% in the 2nd quarter. Investors Research Corp now owns 6,800 shares of the financial services provider’s stock worth $228,000 after purchasing an additional 300 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Unum Group in the 2nd quarter worth about $4,868,000. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Unum Group by 8.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 61,393 shares of the financial services provider’s stock worth $2,060,000 after purchasing an additional 4,740 shares during the last quarter. 96.27% of the stock is currently owned by hedge funds and other institutional investors.

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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