Susquehanna Fundamental Investments LLC Makes New $10.14 Million Investment in Unum Group (NYSE:UNM)

Susquehanna Fundamental Investments LLC bought a new position in Unum Group (NYSE:UNM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 138,894 shares of the financial services provider's stock, valued at approximately $10,143,000. Susquehanna Fundamental Investments LLC owned 0.08% of Unum Group at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in UNM. Vanguard Group Inc. boosted its stake in Unum Group by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock worth $1,496,939,000 after purchasing an additional 1,596,078 shares during the period. Norges Bank acquired a new stake in shares of Unum Group in the fourth quarter worth $1,003,918,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Unum Group by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock valued at $405,481,000 after buying an additional 51,744 shares in the last quarter. First Trust Advisors LP raised its position in Unum Group by 15.4% during the fourth quarter. First Trust Advisors LP now owns 1,708,452 shares of the financial services provider's stock valued at $124,768,000 after buying an additional 227,644 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Unum Group by 23.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,462,917 shares of the financial services provider's stock worth $106,837,000 after acquiring an additional 276,655 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNM has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their target price on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley upped their price objective on shares of Unum Group from $80.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Raymond James raised 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 note on Wednesday, March 5th. UBS Group upped their price target on shares of Unum Group from $75.00 to $91.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Finally, StockNews.com cut Unum Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and an average target price of $88.36.

Unum Group Trading Down 1.0 %

NYSE:UNM opened at $78.57 on Friday. 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's 50 day moving average is $78.06 and its 200-day moving average is $74.04. The firm has a market cap of $13.85 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.14 and a beta of 0.46. Unum Group has a 12 month low of $48.38 and a 12 month 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%. Equities analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.14%. Unum Group's payout ratio is 17.74%.

Unum Group declared that its board has initiated a stock buyback program 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 shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other Unum Group news, EVP Lisa G. Iglesias sold 7,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $82.75, for a total value of $579,250.00. Following the sale, the executive vice president now owns 31,284 shares of the company's stock, valued at $2,588,751. The trade was a 18.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Richard P. Mckenney sold 50,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the transaction, the chief executive officer now directly 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. 0.93% of the stock is owned by company insiders.

Unum Group 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.

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