National Bank of Canada FI Has $7.96 Million Stock Position in Unum Group (NYSE:UNM)

National Bank of Canada FI boosted its stake in Unum Group (NYSE:UNM - Free Report) by 14.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,928 shares of the financial services provider's stock after buying an additional 16,702 shares during the period. National Bank of Canada FI owned 0.07% of Unum Group worth $7,961,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UNM. Cetera Investment Advisers increased its stake in shares of Unum Group by 33.9% during the first quarter. Cetera Investment Advisers now owns 32,989 shares of the financial services provider's stock valued at $1,770,000 after acquiring an additional 8,359 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Unum Group by 20.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,765 shares of the financial services provider's stock worth $1,470,000 after buying an additional 4,823 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Unum Group in the second quarter valued at $26,000. Envestnet Portfolio Solutions Inc. bought a new position in Unum Group during the second quarter valued at about $219,000. Finally, Blue Trust Inc. boosted its stake in Unum Group by 173.9% during the second quarter. Blue Trust Inc. now owns 4,861 shares of the financial services provider's stock valued at $261,000 after buying an additional 3,086 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Stock Up 0.9 %

UNM stock traded up $0.68 during midday trading on Thursday, reaching $73.60. The company had a trading volume of 847,683 shares, compared to its average volume of 1,252,675. The company has a market capitalization of $13.44 billion, a P/E ratio of 7.99, a PEG ratio of 1.07 and a beta of 0.79. Unum Group has a 1 year low of $43.26 and a 1 year high of $77.63. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $68.49 and a two-hundred day moving average of $58.76.

Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The business's quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Unum Group will post 8.53 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a dividend of $0.42 per share. The ex-dividend date was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.28%. Unum Group's payout ratio is currently 18.18%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays upped their price target on shares of Unum Group from $72.00 to $74.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Evercore ISI raised shares of Unum Group from an "in-line" rating to an "outperform" rating and increased their target price for the company from $67.00 to $84.00 in a research note on Thursday, November 14th. Wells Fargo & Company raised their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Jefferies Financial Group upped their price target on Unum Group from $91.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Bank of America raised their price objective on Unum Group from $54.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.64.

Insider Buying and Selling at Unum Group

In other news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,361 shares in the company, valued at $581,591.16. The trade was a 15.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the completion of the sale, the executive vice president now owns 58,741 shares in the company, valued at approximately $3,768,822.56. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,914 shares of company stock worth $7,998,745 over the last 90 days. Insiders own 0.93% of the company's stock.

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.