Jacobi Capital Management LLC Invests $238,000 in Unum Group (NYSE:UNM)

Jacobi Capital Management LLC bought a new stake in Unum Group (NYSE:UNM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,261 shares of the financial services provider's stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Unum Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider's stock worth $326,950,000 after acquiring an additional 55,014 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Unum Group by 44.9% during the fourth quarter. Allianz Asset Management GmbH now owns 1,264,994 shares of the financial services provider's stock valued at $92,383,000 after purchasing an additional 392,191 shares in the last quarter. Victory Capital Management Inc. lifted its position in Unum Group by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider's stock valued at $70,511,000 after purchasing an additional 66,392 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Unum Group by 151.7% in 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 purchasing an additional 307,175 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Unum Group by 50.0% during the 3rd quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock valued at $29,554,000 after purchasing an additional 156,380 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In other news, EVP Lisa G. Iglesias sold 7,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total transaction of $579,250.00. Following the transaction, the executive vice president now owns 31,284 shares of the company's stock, valued at approximately $2,588,751. This represents a 18.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard P. Mckenney sold 50,000 shares of Unum Group 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 of the company's stock, valued at $80,402,427.63. The trade was a 4.85 % 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.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Unum Group from $81.00 to $91.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. BMO Capital Markets upped their price objective on Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research note on Monday. Barclays upped their price target on Unum Group from $76.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Morgan Stanley upped their target price on shares of Unum Group from $80.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Finally, Evercore ISI upgraded Unum Group from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Unum Group currently has an average rating of "Moderate Buy" and an average target price of $86.62.

Unum Group Trading Down 0.5 %

Shares of UNM traded down $0.41 during midday trading on Friday, hitting $79.05. The stock had a trading volume of 1,274,457 shares, compared to its average volume of 1,147,321. The stock's 50 day moving average is $75.47 and its 200 day moving average is $68.35. The firm has a market cap of $14.44 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. Unum Group has a 1 year low of $48.38 and a 1 year high of $83.96.

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 analysts' consensus estimates of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. As a group, analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group announced that its board has approved a stock repurchase plan on Tuesday, February 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, January 24th. Unum Group's dividend payout ratio (DPR) is presently 17.74%.

Unum Group Company Profile

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.