Gamco Investors INC. ET AL Takes Position in Unum Group (UNM)

Gamco Investors INC. ET AL purchased a new stake in shares of Unum Group (NYSE:UNM) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 15,100 shares of the financial services provider’s stock, valued at approximately $511,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Crossmark Global Holdings Inc. boosted its stake in shares of 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. Comerica Bank boosted its stake in shares of Unum Group by 1.4% during the 1st quarter. Comerica Bank now owns 45,834 shares of the financial services provider’s stock worth $1,621,000 after acquiring an additional 634 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of Unum Group by 2.4% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 280,941 shares of the financial services provider’s stock worth $9,505,000 after acquiring an additional 6,569 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Unum Group by 7.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 954,110 shares of the financial services provider’s stock worth $32,278,000 after acquiring an additional 69,059 shares in the last quarter. Finally, Aviance Capital Partners LLC boosted its stake in shares of Unum Group by 43.8% during the 1st quarter. Aviance Capital Partners LLC now owns 35,921 shares of the financial services provider’s stock worth $1,215,000 after acquiring an additional 10,933 shares in the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

UNM has been the subject of a number of research analyst reports. TheStreet upgraded Unum Group from a “c+” rating to a “b” rating in a report on Friday, March 8th. Zacks Investment Research lowered Unum Group from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Finally, ValuEngine upgraded Unum Group from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Unum Group currently has a consensus rating of “Hold” and an average price target of $48.40.

UNM opened at $35.17 on Friday. The firm has a market capitalization of $7.38 billion, a PE ratio of 6.76, a price-to-earnings-growth ratio of 0.71 and a beta of 1.48. Unum Group has a 12-month low of $26.76 and a 12-month high of $41.28. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.33.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.31. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.99 billion. Unum Group had a return on equity of 12.91% and a net margin of 4.54%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. Sell-side analysts anticipate that Unum Group will post 5.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, April 29th will be issued a $0.26 dividend. The ex-dividend date is Friday, April 26th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.96%. Unum Group’s payout ratio is currently 20.00%.

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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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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