Metropolitan Life Insurance Co NY Reduces Stake in Unum Group (NYSE:UNM)

Metropolitan Life Insurance Co NY lessened its stake in shares of Unum Group (NYSE:UNM) by 4.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,092 shares of the financial services provider’s stock after selling 1,401 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Unum Group were worth $1,018,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC bought a new stake in Unum Group during the fourth quarter valued at approximately $25,000. CWM LLC lifted its position in Unum Group by 68.3% during the first 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. CSat Investment Advisory L.P. lifted its holdings in shares of Unum Group by 81.4% in 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. Private Capital Group LLC lifted its holdings in shares of Unum Group by 194.2% in the 1st quarter. Private Capital Group LLC now owns 1,162 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 767 shares during the last quarter. Finally, First Mercantile Trust Co. bought a new stake in shares of Unum Group in the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 91.42% of the company’s stock.

In other Unum Group news, Director Gloria C. Larson sold 1,602 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total transaction of $53,747.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Unum Group stock traded up $0.11 during mid-day trading on Thursday, reaching $32.78. The stock had a trading volume of 2,265,278 shares, compared to its average volume of 1,944,889. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market cap of $6.98 billion, a P/E ratio of 6.30, a price-to-earnings-growth ratio of 0.67 and a beta of 1.50. The company’s 50-day moving average price is $33.14. Unum Group has a one year low of $26.76 and a one year high of $41.28.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.31 earnings per share for the quarter, hitting the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter in the prior year, the business earned $1.24 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts forecast that Unum Group will post 5.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, July 29th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.48%. This is a positive change from Unum Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, July 26th. Unum Group’s dividend payout ratio is currently 20.00%.

A number of brokerages have issued reports on UNM. TheStreet downgraded shares of Zumiez from a “b” rating to a “c+” rating in a research report on Thursday, June 6th. Morgan Stanley upped their target price on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10th. Zacks Investment Research raised shares of Icon from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Thursday, May 30th. Credit Suisse Group started coverage on shares of LTC Properties in a research report on Wednesday, July 10th. They issued an “underperform” rating and a $19.00 target price on the stock. Finally, ValuEngine raised shares of Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Unum Group presently has a consensus rating of “Hold” and a consensus target price of $40.00.

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

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