Pictet Asset Management SA Has $566,000 Stock Holdings in Unum Group (NYSE:UNM)

Pictet Asset Management SA lifted its holdings in shares of Unum Group (NYSE:UNM – Get Rating) by 9.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,586 shares of the financial services provider’s stock after buying an additional 1,286 shares during the period. Pictet Asset Management SA’s holdings in Unum Group were worth $566,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. grew its position in shares of Unum Group by 6.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,940 shares of the financial services provider’s stock valued at $192,000 after buying an additional 290 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Unum Group by 5.3% in the third quarter. Exchange Traded Concepts LLC now owns 6,194 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 311 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Unum Group by 74.9% in the third quarter. Allworth Financial LP now owns 843 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 361 shares in the last quarter. CWM LLC grew its holdings in shares of Unum Group by 9.5% in the third quarter. CWM LLC now owns 4,199 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 365 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its holdings in Unum Group by 4.2% during the third quarter. Vestmark Advisory Solutions Inc. now owns 9,159 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 368 shares during the period. Institutional investors own 79.64% of the company’s stock.

Unum Group Stock Up 0.7 %

UNM opened at $44.55 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.37. The company has a market cap of $8.79 billion, a P/E ratio of 6.84, a P/E/G ratio of 1.01 and a beta of 1.11. Unum Group has a 12 month low of $26.11 and a 12 month high of $46.64. The business’s 50-day moving average price is $41.57 and its 200-day moving average price is $41.13.

Unum Group (NYSE:UNM – Get Rating) last posted its earnings results on Wednesday, February 1st. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.03). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3 billion. Unum Group had a return on equity of 13.14% and a net margin of 10.96%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. On average, equities analysts expect that Unum Group will post 6.44 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Friday, January 27th were paid a $0.33 dividend. The ex-dividend date was Thursday, January 26th. This represents a $1.32 annualized dividend and a dividend yield of 2.96%. Unum Group’s payout ratio is presently 20.28%.

Unum Group announced that its board has authorized a stock buyback plan on Thursday, December 1st that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lowered Unum Group from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Wednesday, November 16th. Morgan Stanley raised their price target on Unum Group from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. Barclays raised their price target on Unum Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Citigroup lowered their price target on Unum Group from $42.00 to $41.00 in a research report on Wednesday, November 16th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.88.

Unum Group Company Profile

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Unum Group is engaged in providing financial protection benefits. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block and Corporate. The Unum US segment consists of group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.