Orion Portfolio Solutions LLC grew its stake in Unum Group (NYSE:UNM - Free Report) by 48.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,559 shares of the financial services provider's stock after purchasing an additional 4,450 shares during the period. Orion Portfolio Solutions LLC's holdings in Unum Group were worth $990,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Franklin Resources Inc. raised its stake 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 worth $29,554,000 after buying an additional 156,380 shares during the period. Blue Trust Inc. raised its stake in shares of Unum Group by 44.1% during the 4th quarter. Blue Trust Inc. now owns 16,495 shares of the financial services provider's stock worth $1,205,000 after buying an additional 5,047 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in shares of Unum Group during the 3rd quarter worth approximately $1,074,000. Picton Mahoney Asset Management acquired a new position in shares of Unum Group during the 4th quarter worth approximately $8,816,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Unum Group by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock worth $405,481,000 after buying an additional 51,744 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.
Insider Buying and Selling at Unum Group
In other Unum Group news, EVP Lisa G. Iglesias sold 7,000 shares of Unum Group stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value of $579,250.00. Following the transaction, the executive vice president now directly owns 31,284 shares in the company, valued at approximately $2,588,751. This trade represents a 18.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. Company insiders own 0.93% of the company's stock.
Analysts Set New Price Targets
UNM has been the subject of several research analyst reports. Barclays upped their target price on Unum Group from $76.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods reduced their target price on Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research note on Wednesday. BMO Capital Markets upped their target price on Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. increased their price objective on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Morgan Stanley increased their price objective on Unum Group from $80.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Unum Group presently has an average rating of "Moderate Buy" and an average target price of $87.79.
Get Our Latest Stock Report on Unum Group
Unum Group Stock Performance
UNM traded down $1.45 during trading on Thursday, hitting $75.44. 307,228 shares of the stock were exchanged, compared to its average volume of 1,518,835. The firm has a market capitalization of $13.34 billion, a P/E ratio of 7.97, a PEG ratio of 1.14 and a beta of 0.46. Unum Group has a 1-year low of $48.38 and a 1-year high of $84.48. The stock has a fifty day moving average price of $77.86 and a two-hundred day moving average price of $72.61. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32.
Unum Group (NYSE:UNM - Get Free Report) last released 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%. As a group, sell-side analysts predict that Unum Group will post 9.14 earnings per share for the current year.
Unum Group declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in outstanding 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 often a sign that the company's management believes its stock is undervalued.
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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