Stock traders buy large volume of put options on Unum Group (NYSE: UNM)
Unum Group (NYSE: UNM) was the target of unusual options trading activity on Friday. Stock traders acquired 8,097 puts on the company. This represents a 524% increase over the average volume of 1,298 puts.
UNM traded up $ 0.05 in Friday’s session, reaching $ 24.71. 16,055 shares of the company were traded, for an average volume of 2,468,588. Unum Group has a one-year low at $ 21.87 and a one-year high at $ 31.98. The company has a debt to equity ratio of 0.31, a current ratio of 0.28, and a rapid ratio of 0.28. The stock has a market cap of $ 5.05 billion, a price / earnings ratio of 6.32, a price / earnings-growth ratio of 0.69, and a beta of 1.67. The company’s fifty-day simple moving average is $ 25.07 and its 200-day simple moving average is $ 26.38.
Unum Group (NYSE: UNM) last released its quarterly results on Tuesday, November 2. The financial services provider reported earnings per share (EPS) of $ 1.03 for the quarter, missing analyst consensus estimates of $ 1.16 per ($ 0.13). Unum Group recorded a return on equity of 8.68% and a net margin of 6.01%. The company posted revenue of $ 2.97 billion for the quarter, compared to $ 2.96 billion expected by analysts. During the same period of the previous year, the company posted earnings per share of $ 1.21. Stock analysts predict that Unum Group will post an EPS of 4.35 for the current year.
Unum Group said its board of directors authorized a share buyback plan on Monday, October 25 that allows the company to repurchase $ 250.00 million of shares. This buyback authorization allows the financial services provider to buy back up to 4.4% of its shares through open market purchases. Stock repurchase plans are often an indication that the board of directors of the company considers its shares to be undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, November 19. Shareholders of record on Friday October 29 received a dividend of $ 0.30 per share. This represents a dividend of $ 1.20 on an annualized basis and a yield of 4.86%. The ex-dividend date of this dividend was Thursday, October 28. The Unum Group’s dividend payout ratio is currently 30.77%.
UNM has been the subject of a number of recent analyst reports. Barclays raised its price target on Unum Group shares from $ 24.00 to $ 28.00 and assigned the company an “underweight” rating in a report released on Tuesday, October 26. The Goldman Sachs group assumed the coverage of Unum Group shares in a research note on Thursday, December 2. They issued a “buy” note and a target price of $ 32.00 for the company. One analyst assigned a sell rating to the stock, five assigned a conservation rating, and another assigned a buy rating to the company’s stock. According to MarketBeat.com, Unum Group currently has an average “Hold” rating and a consensus price target of $ 28.88.
Several institutional investors and hedge funds have recently bought and sold shares of UNM. Charles Schwab Investment Management Inc. increased its stake in Unum Group shares by 8.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,886,476 shares of the financial services provider valued at $ 110,376,000 after acquiring an additional 312,667 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Unum Group shares by 6.3% in the second quarter. Neuberger Berman Group LLC now owns 23,241 shares of the financial services provider valued at $ 587,000 after acquiring an additional 1,383 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in Unum Group shares by 0.4% during the 2nd quarter. Donald Smith & CO. Inc. now owns 5,208,184 shares of the financial services provider valued at $ 147,912,000 after acquiring an additional 22,880 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Unum Group shares by 17.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 58,496 shares of the financial services provider valued at $ 1,466,000 after acquiring an additional 8,740 shares in the last quarter. Finally, Greenleaf Trust increased its stake in Unum Group shares by 0.7% during the second quarter. Greenleaf Trust now owns 62,410 shares of the financial services provider valued at $ 1,772,000 after acquiring 455 additional shares in the last quarter. Hedge funds and other institutional investors hold 83.03% of the company’s shares.
About the Unum group
Unum Group undertakes to provide financial protection services. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block and Corporate. The Unum segment in the United States includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, as well as complementary and optional lines of business.
Further reading: price / earnings ratio (PE)
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