Fulton Bank N.A. increased its holdings in Unum Group (NYSE:UNM) by 9.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,447 shares of the financial services provider’s stock after purchasing an additional 1,869 shares during the period. Fulton Bank N.A.’s holdings in Unum Group were worth $725,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Prime Capital Investment Advisors LLC acquired a new position in Unum Group during the 4th quarter worth $25,000. We Are One Seven LLC acquired a new position in Unum Group during the 4th quarter worth $29,000. CSat Investment Advisory L.P. lifted its position in Unum Group by 81.4% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,288 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 578 shares during the last quarter. Stamos Capital Partners L.P. acquired a new position in Unum Group during the 4th quarter worth $60,000. Finally, Bronfman E.L. Rothschild L.P. lifted its position in Unum Group by 13.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,642 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.
UNM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, December 31st. Finally, TheStreet raised shares of Unum Group from a “c+” rating to a “b” rating in a research report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.75.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.01). The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.91 billion. Unum Group had a net margin of 4.51% and a return on equity of 12.69%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.13 EPS. As a group, equities analysts forecast that Unum Group will post 5.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, April 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, April 26th. Unum Group’s dividend payout ratio is currently 20.00%.
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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