Unum Group (NYSE:UNM) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of Unum Group (NYSE:UNM - Free Report) by 24.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 226,478 shares of the financial services provider's stock after acquiring an additional 43,773 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.12% of Unum Group worth $13,462,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNM. Van ECK Associates Corp grew its holdings in Unum Group by 40.0% during 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 buying an additional 30,881 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Unum Group by 23.5% during the third 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. Farther Finance Advisors LLC increased its holdings in shares of Unum Group by 60.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,218 shares of the financial services provider's stock worth $191,000 after buying an additional 1,211 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Unum Group by 26.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,082 shares of the financial services provider's stock worth $540,000 after acquiring an additional 1,913 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in shares of Unum Group during the 3rd quarter valued at about $281,000. Institutional investors own 86.57% of the company's stock.

Unum Group Price Performance

Shares of Unum Group stock traded down $0.54 during trading on Thursday, reaching $69.66. 897,164 shares of the stock traded hands, compared to its average volume of 1,248,421. 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 company has a market capitalization of $12.72 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 0.94 and a beta of 0.76. Unum Group has a 52-week low of $41.86 and a 52-week high of $70.40. The business has a fifty day simple moving average of $59.70 and a two-hundred day simple moving average of $54.96.

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

Unum Group announced that its board has initiated a share repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 10% 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group's payout ratio is currently 18.18%.

Insider Activity at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total transaction of $541,100.00. Following the sale, the executive vice president now owns 64,821 shares in the company, valued at approximately $3,507,464.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Richard P. Mckenney sold 67,795 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the completion of the transaction, the chief executive officer now owns 1,065,868 shares of the company's stock, valued at $58,601,422.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the company's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total transaction of $541,100.00. Following the transaction, the executive vice president now owns 64,821 shares of the company's stock, valued at $3,507,464.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,795 shares of company stock valued at $4,589,269 in the last ninety days. Corporate insiders own 0.93% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UNM. UBS Group upgraded Unum Group to a "hold" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of Unum Group from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Evercore ISI boosted their price objective on shares of Unum Group from $59.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their target price on shares of Unum Group from $69.00 to $71.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Finally, Citigroup boosted their price target on Unum Group from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $66.09.

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.