Callan Family Office LLC purchased a new position in shares of Unum Group (NYSE:UNM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,112 shares of the financial services provider's stock, valued at approximately $300,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNM. Allianz Asset Management GmbH lifted its stake in Unum Group by 44.9% in the 4th quarter. Allianz Asset Management GmbH now owns 1,264,994 shares of the financial services provider's stock worth $92,383,000 after purchasing an additional 392,191 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider's stock worth $30,297,000 after buying an additional 307,175 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Unum Group by 23.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,462,917 shares of the financial services provider's stock worth $106,837,000 after buying an additional 276,655 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Unum Group in the 4th quarter valued at $19,617,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Unum Group in the 4th quarter worth $11,456,000. Hedge funds and other institutional investors own 86.57% of the company's stock.
Unum Group Stock Up 1.8 %
Shares of NYSE UNM traded up $1.36 during midday trading on Tuesday, hitting $78.69. 1,618,377 shares of the company's stock were exchanged, compared to its average volume of 1,152,350. The company has a market cap of $13.91 billion, a PE ratio of 8.31, a P/E/G ratio of 1.14 and a beta of 0.74. Unum Group has a twelve month low of $48.38 and a twelve month high of $83.96. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The firm's fifty day simple moving average is $75.67 and its 200-day simple moving average is $68.89.
Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Research analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.
Unum Group declared that its board has authorized a stock repurchase plan on Tuesday, February 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
Unum Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a yield of 2.14%. Unum Group's payout ratio is currently 17.74%.
Insider Buying and Selling at Unum Group
In related news, CEO Richard P. Mckenney sold 50,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $81.99, for a total value of $4,099,500.00. Following the completion of the sale, the chief executive officer now owns 980,637 shares in the company, valued at $80,402,427.63. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lisa G. Iglesias sold 7,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the completion of the transaction, the executive vice president now directly owns 31,284 shares of the company's stock, valued at approximately $2,588,751. This trade represents a 18.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
UNM has been the subject of a number of analyst reports. Raymond James raised shares of Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective for the company in a report on Wednesday, March 5th. Morgan Stanley increased their price target on shares of Unum Group from $80.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their price target on shares of Unum Group from $81.00 to $91.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $79.00 price objective (up from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded Unum Group from a "buy" rating to a "hold" rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.62.
View Our Latest Research Report on UNM
About Unum Group
(
Free Report)
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. 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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