Unum Group (NYSE:UNM) Reaches New 12-Month Low at $26.64
Unum Group (NYSE:UNM) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.64 and last traded at $26.68, with a volume of 38023 shares changing hands. The stock had previously closed at $27.93.
UNM has been the subject of a number of research analyst reports. ValuEngine downgraded Unum Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. TheStreet downgraded Unum Group from a “b-” rating to a “c+” rating in a research report on Thursday, June 6th. Credit Suisse Group initiated coverage on Unum Group in a research report on Wednesday, July 10th. They set an “underperform” rating for the company. Morgan Stanley dropped their price target on Unum Group from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price objective on the stock in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $40.00.
The stock has a market capitalization of $5.85 billion, a P/E ratio of 5.15, a PEG ratio of 0.58 and a beta of 1.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.17 and a quick ratio of 0.17. The firm’s fifty day moving average price is $32.09.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, July 29th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.27%. This is a boost from Unum Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, July 26th. Unum Group’s dividend payout ratio (DPR) is currently 21.92%.
In related news, Director Gloria C. Larson sold 1,602 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total transaction of $53,747.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.49% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Unum Group by 5.4% in the 2nd quarter. Vanguard Group Inc. now owns 23,945,430 shares of the financial services provider’s stock worth $803,370,000 after purchasing an additional 1,218,617 shares during the period. Dimensional Fund Advisors LP increased its stake in Unum Group by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,875,403 shares of the financial services provider’s stock worth $143,237,000 after purchasing an additional 396,764 shares during the period. Bank of Nova Scotia increased its stake in Unum Group by 376.8% in the 2nd quarter. Bank of Nova Scotia now owns 3,369,146 shares of the financial services provider’s stock worth $10,733,000 after purchasing an additional 2,662,577 shares during the period. Geode Capital Management LLC increased its stake in Unum Group by 15.1% in the 4th quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock worth $98,111,000 after purchasing an additional 438,390 shares during the period. Finally, Northern Trust Corp increased its stake in Unum Group by 0.7% in the 1st quarter. Northern Trust Corp now owns 2,635,821 shares of the financial services provider’s stock worth $89,169,000 after purchasing an additional 19,621 shares during the period. 92.88% of the stock is currently owned by institutional investors.
Unum Group Company Profile (NYSE:UNM)
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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