Oregon Public Employees Retirement Fund Acquires 1,230 Shares of Unum Group (UNM)
Oregon Public Employees Retirement Fund lifted its holdings in Unum Group (NYSE:UNM) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,585 shares of the financial services provider’s stock after acquiring an additional 1,230 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Unum Group were worth $2,456,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Unum Group by 5.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,548 shares of the financial services provider’s stock worth $424,000 after buying an additional 614 shares during the last quarter. Raymond James & Associates lifted its position in Unum Group by 20.3% in the 1st quarter. Raymond James & Associates now owns 95,659 shares of the financial services provider’s stock valued at $3,236,000 after purchasing an additional 16,118 shares during the last quarter. Everence Capital Management Inc. bought a new stake in Unum Group in the 1st quarter valued at about $472,000. CIBC Asset Management Inc lifted its position in Unum Group by 3.5% in the 1st quarter. CIBC Asset Management Inc now owns 20,718 shares of the financial services provider’s stock valued at $701,000 after purchasing an additional 702 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Unum Group by 85.0% in the 1st quarter. Toronto Dominion Bank now owns 223,622 shares of the financial services provider’s stock valued at $7,563,000 after purchasing an additional 102,743 shares during the last quarter. 90.67% of the stock is owned by institutional investors.
Several analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a research report on Thursday. TheStreet upgraded shares of Unum Group from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Finally, ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Unum Group presently has an average rating of “Hold” and an average target price of $48.40.
Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.31. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Unum Group had a net margin of 4.54% and a return on equity of 12.91%. Unum Group’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. On average, research analysts expect 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 dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.04 annualized dividend and a yield of 3.13%. Unum Group’s payout ratio is 20.00%.
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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.
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