First Trust Advisors LP Acquires 166,527 Shares of Unum Group (NYSE:UNM)
First Trust Advisors LP grew its holdings in Unum Group (NYSE:UNM) by 84.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 364,691 shares of the financial services provider’s stock after purchasing an additional 166,527 shares during the quarter. First Trust Advisors LP’s holdings in Unum Group were worth $10,839,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Investors Research Corp raised its holdings in Unum Group by 4.6% during the 2nd quarter. Investors Research Corp now owns 6,800 shares of the financial services provider’s stock worth $228,000 after buying an additional 300 shares during the period. Stanley Laman Group Ltd. raised its holdings in shares of Unum Group by 2.5% in the second quarter. Stanley Laman Group Ltd. now owns 15,315 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 380 shares during the last quarter. Hartford Investment Management Co. raised its holdings in shares of Unum Group by 1.5% in the third quarter. Hartford Investment Management Co. now owns 27,707 shares of the financial services provider’s stock valued at $823,000 after purchasing an additional 416 shares during the last quarter. Commerce Bank raised its holdings in shares of Unum Group by 2.5% in the second quarter. Commerce Bank now owns 17,493 shares of the financial services provider’s stock valued at $587,000 after purchasing an additional 428 shares during the last quarter. Finally, Copperwynd Financial LLC raised its holdings in shares of Unum Group by 3.9% in the second quarter. Copperwynd Financial LLC now owns 11,662 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 433 shares during the last quarter. 96.27% of the stock is currently owned by institutional investors.
NYSE UNM opened at $29.70 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.32. Unum Group has a 12-month low of $24.71 and a 12-month high of $38.29. The company has a market capitalization of $6.11 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 0.61 and a beta of 1.57. The firm’s 50 day moving average is $28.60 and its 200-day moving average is $30.83.
The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, October 28th were paid a $0.285 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.14 annualized dividend and a dividend yield of 3.84%. Unum Group’s dividend payout ratio is presently 21.92%.
A number of analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Unum Group from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Citigroup lowered their price objective on shares of 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 downgraded shares of Unum Group from a “hold” rating to a “sell” rating and set a $32.00 price objective on the stock. in a report on Monday, November 11th. ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Barclays set a $36.00 price objective on shares of Unum Group and gave the company a “buy” rating in a report on Monday, August 12th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.40.
About Unum Group
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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