Amalgamated Bank Sells 31,400 Shares of Unum Group (NYSE:UNM)

Amalgamated Bank reduced its holdings in Unum Group (NYSE:UNM - Free Report) by 27.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 82,427 shares of the financial services provider's stock after selling 31,400 shares during the quarter. Amalgamated Bank's holdings in Unum Group were worth $4,899,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in Unum Group by 2.8% in the 3rd quarter. QRG Capital Management Inc. now owns 13,147 shares of the financial services provider's stock valued at $781,000 after purchasing an additional 361 shares during the last quarter. Old North State Wealth Management LLC bought a new stake in Unum Group in the 3rd quarter valued at about $221,000. Robeco Institutional Asset Management B.V. lifted its position in Unum Group by 24.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 226,478 shares of the financial services provider's stock valued at $13,462,000 after purchasing an additional 43,773 shares during the last quarter. Van ECK Associates Corp lifted its position in Unum Group by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 108,076 shares of the financial services provider's stock valued at $6,855,000 after purchasing an additional 30,881 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in Unum Group by 23.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,941 shares of the financial services provider's stock valued at $313,000 after purchasing an additional 940 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on UNM shares. Evercore ISI lifted their price objective on shares of Unum Group from $59.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Bank of America raised their target price on shares of Unum Group from $54.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. UBS Group raised shares of Unum Group to a "hold" rating in a research note on Wednesday, October 9th. Citigroup lifted their price objective on shares of Unum Group from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Unum Group from $65.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and a consensus target price of $66.09.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total transaction of $541,100.00. Following the completion of the sale, the executive vice president now owns 64,821 shares of the company's stock, valued at $3,507,464.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total value of $541,100.00. Following the completion of the sale, the executive vice president now owns 64,821 shares of the company's stock, valued at approximately $3,507,464.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the sale, the chief accounting officer now directly owns 8,361 shares of the company's stock, valued at approximately $581,591.16. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,545 shares of company stock valued at $4,921,174 in the last quarter. Company insiders own 0.93% of the company's stock.

Unum Group Trading Up 0.1 %

Unum Group stock traded up $0.09 during midday trading on Friday, reaching $69.45. The stock had a trading volume of 1,062,654 shares, compared to its average volume of 1,250,269. The firm's fifty day simple moving average is $59.98 and its two-hundred day simple moving average is $55.06. Unum Group has a twelve month low of $41.86 and a twelve month high of $70.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.03 and a beta of 0.76.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the business posted $1.94 EPS. The company's revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Unum Group will post 8.52 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group's dividend payout ratio (DPR) is currently 18.18%.

Unum Group announced that its board has initiated a stock repurchase plan on Tuesday, July 30th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 10% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are undervalued.

About Unum Group

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.