Clark Capital Management Group Inc. Boosts Position in Unum Group (UNM)

Clark Capital Management Group Inc. boosted its holdings in shares of Unum Group (NYSE:UNM) by 7.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 982,514 shares of the financial services provider’s stock after purchasing an additional 65,941 shares during the period. Clark Capital Management Group Inc.’s holdings in Unum Group were worth $33,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Unum Group in the first quarter worth about $688,000. Prudential Financial Inc. raised its position in shares of Unum Group by 249.9% in the fourth quarter. Prudential Financial Inc. now owns 2,515,315 shares of the financial services provider’s stock worth $73,900,000 after acquiring an additional 1,796,405 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Unum Group in the first quarter worth about $472,000. Morgan Stanley raised its position in shares of Unum Group by 7.4% in the third quarter. Morgan Stanley now owns 629,957 shares of the financial services provider’s stock worth $24,613,000 after acquiring an additional 43,464 shares during the period. Finally, Stanley Laman Group Ltd. raised its position in shares of Unum Group by 2.4% in the fourth quarter. Stanley Laman Group Ltd. now owns 14,983 shares of the financial services provider’s stock worth $440,000 after acquiring an additional 347 shares during the period. Institutional investors own 92.37% of the company’s stock.

Shares of Unum Group stock opened at $34.79 on Monday. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 0.71 and a beta of 1.48. Unum Group has a fifty-two week low of $26.76 and a fifty-two week high of $41.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.17 and a quick ratio of 0.17.

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

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Monday, April 29th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, April 26th. This represents a $1.04 annualized dividend and a dividend yield of 2.99%. Unum Group’s dividend payout ratio (DPR) is presently 20.00%.

A number of brokerages have weighed in on UNM. Zacks Investment Research downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, TheStreet upgraded shares of Unum Group from a “c+” rating to a “b” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Unum Group currently has an average rating of “Hold” and a consensus price target of $48.40.

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

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