Keel Point LLC Purchases 2,939 Shares of Unum Group (UNM)
Keel Point LLC raised its position in Unum Group (NYSE:UNM) by 74.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,888 shares of the financial services provider’s stock after acquiring an additional 2,939 shares during the quarter. Keel Point LLC’s holdings in Unum Group were worth $378,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of UNM. Cerebellum GP LLC purchased a new stake in shares of Unum Group during the 4th quarter worth approximately $125,000. Invictus RG purchased a new stake in shares of Unum Group during the 3rd quarter worth approximately $176,000. Schulhoff & Co. Inc. purchased a new stake in shares of Unum Group during the 3rd quarter worth approximately $204,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Unum Group during the 3rd quarter worth approximately $205,000. Finally, Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of Unum Group during the 3rd quarter worth approximately $205,000. Institutional investors own 90.62% of the company’s stock.
Unum Group (NYSE:UNM) opened at $50.82 on Wednesday. The company has a market cap of $11,234.17, a price-to-earnings ratio of 11.77, a PEG ratio of 1.40 and a beta of 1.51. Unum Group has a 1-year low of $43.55 and a 1-year high of $58.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, January 29th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.81%. Unum Group’s payout ratio is 21.00%.
Several brokerages have recently weighed in on UNM. B. Riley upgraded shares of Unum Group from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday. SunTrust Banks restated a “buy” rating and set a $69.00 price objective on shares of Unum Group in a research report on Thursday, January 11th. Royal Bank of Canada restated a “hold” rating and set a $54.00 price objective on shares of Unum Group in a research report on Thursday, February 1st. Langen Mcalenn restated a “neutral” rating on shares of Unum Group in a research report on Tuesday, January 16th. Finally, Deutsche Bank began coverage on shares of Unum Group in a report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $56.73.
In other Unum Group news, CFO John F. Mcgarry sold 4,588 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total value of $266,975.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Q. Simonds sold 5,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $52.09, for a total transaction of $260,450.00. The disclosure for this sale can be found here. Insiders sold a total of 26,896 shares of company stock worth $1,464,183 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
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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.
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