Hallmark Capital Management Inc. decreased its holdings in shares of Unum Group (NYSE:UNM) by 45.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,452 shares of the financial services provider’s stock after selling 8,000 shares during the period. Hallmark Capital Management Inc.’s holdings in Unum Group were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Crossmark Global Holdings Inc. grew its holdings in Unum Group by 0.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 56,653 shares of the financial services provider’s stock worth $1,917,000 after acquiring an additional 290 shares in the last quarter. CWM LLC raised its position in Unum Group by 68.3% in the 1st quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 299 shares during the last quarter. Investors Research Corp raised its position in Unum Group by 4.6% in the 2nd quarter. Investors Research Corp now owns 6,800 shares of the financial services provider’s stock valued at $228,000 after purchasing an additional 300 shares during the last quarter. First Republic Investment Management Inc. raised its position in Unum Group by 2.1% in the 1st quarter. First Republic Investment Management Inc. now owns 17,318 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 364 shares during the last quarter. Finally, Stanley Laman Group Ltd. raised its position in Unum Group by 2.5% during the 2nd quarter. Stanley Laman Group Ltd. now owns 15,315 shares of the financial services provider’s stock worth $514,000 after buying an additional 380 shares during the last quarter. 95.61% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the stock. Morgan Stanley cut their price objective on shares of Unum Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 20th. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research note on Thursday, May 30th. Barclays set a $36.00 price target on shares of Unum Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Credit Suisse Group started coverage on shares of Unum Group in a research note on Wednesday, July 10th. They issued an “underperform” rating on the stock. Finally, TheStreet cut shares of Unum Group from a “b-” rating to a “c+” rating in a research note on Thursday, June 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.25.
Shares of UNM stock traded up $0.41 during trading hours on Friday, hitting $29.73. 11,823 shares of the company were exchanged, compared to its average volume of 2,302,823. Unum Group has a 1 year low of $24.71 and a 1 year high of $40.76. The firm has a fifty day moving average of $27.98 and a 200 day moving average of $33.06. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.97 billion, a PE ratio of 5.69, a PEG ratio of 0.58 and a beta of 1.56.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.02. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. The firm had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the firm posted $1.30 earnings per share. Unum Group’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that Unum Group will post 5.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, July 29th were paid a dividend of $0.285 per share. The ex-dividend date was Friday, July 26th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.83%. This is a positive change from Unum Group’s previous quarterly dividend of $0.26. Unum Group’s dividend payout ratio (DPR) is currently 21.92%.
Unum Group 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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