California Public Employees Retirement System raised its position in shares of Unum Group (NYSE:UNM - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 831,806 shares of the financial services provider's stock after buying an additional 277,401 shares during the quarter. California Public Employees Retirement System owned about 0.46% of Unum Group worth $60,747,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of UNM. Barrett & Company Inc. boosted its stake in Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Unum Group during the fourth quarter valued at $38,000. Millstone Evans Group LLC acquired a new position in shares of Unum Group in the 4th quarter valued at $45,000. Quarry LP raised its stake in Unum Group by 4,794.7% in the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider's stock worth $55,000 after acquiring an additional 911 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider's stock worth $56,000 after acquiring an additional 160 shares during the period. 86.57% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Unum Group
In other news, CEO Richard P. Mckenney sold 50,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the completion of the sale, the chief executive officer now owns 980,637 shares of the company's stock, valued at $80,402,427.63. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lisa G. Iglesias sold 7,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was 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 in the company, valued at approximately $2,588,751. This represents a 18.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.93% of the company's stock.
Unum Group Price Performance
Shares of Unum Group stock traded down $3.69 on Thursday, reaching $79.22. The company's stock had a trading volume of 3,549,458 shares, compared to its average volume of 1,264,248. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $14.00 billion, a P/E ratio of 8.37, a PEG ratio of 1.14 and a beta of 0.74. The stock has a 50-day moving average price of $78.27 and a 200-day moving average price of $71.95. Unum Group has a 52-week low of $48.38 and a 52-week high of $84.48.
Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. Analysts expect that Unum Group will post 9.14 EPS for the current year.
Unum Group announced that its board has initiated a share repurchase plan on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.
Unum Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 24th. This represents a $1.68 annualized dividend and a yield of 2.12%. Unum Group's dividend payout ratio (DPR) is currently 17.74%.
Wall Street Analyst Weigh In
UNM has been the subject of several research analyst reports. Barclays raised their price objective on Unum Group from $76.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. StockNews.com downgraded shares of Unum Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th. UBS Group raised their target price on shares of Unum Group from $75.00 to $91.00 and gave the stock a "neutral" rating in a report on Wednesday. Raymond James upgraded shares of Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 target price for the company in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods increased their price target on Unum Group from $90.00 to $103.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Unum Group currently has an average rating of "Moderate Buy" and a consensus target price of $87.86.
Read Our Latest Report on UNM
Unum Group Profile
(
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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