Mutual of America Capital Management LLC Trims Stake in Unum Group (NYSE:UNM)

Mutual of America Capital Management LLC decreased its holdings in Unum Group (NYSE:UNM - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,747 shares of the financial services provider's stock after selling 3,623 shares during the quarter. Mutual of America Capital Management LLC's holdings in Unum Group were worth $6,481,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barrett & Company Inc. increased its stake in Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock valued at $29,000 after buying an additional 297 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Unum Group during the third quarter worth $31,000. Kestra Investment Management LLC purchased a new position in Unum Group in the fourth quarter worth $38,000. Quarry LP grew its stake in Unum Group by 4,794.7% in the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 911 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Insider Transactions at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the business's 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 transaction, the chief executive officer now owns 980,637 shares in the company, valued at approximately $80,402,427.63. The trade was a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lisa G. Iglesias sold 7,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $82.75, for a total transaction of $579,250.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.93% of the company's stock.

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Unum Group Price Performance

Unum Group stock traded down $0.41 during mid-day trading on Friday, hitting $79.05. 1,273,984 shares of the company traded hands, compared to its average volume of 1,147,321. The stock has a fifty day moving average price of $75.47 and a 200-day moving average price of $68.35. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80. Unum Group has a one year low of $48.38 and a one year high of $83.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share (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%. On average, equities analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

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

Unum Group Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of Unum Group from $91.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods lifted their price target on shares of Unum Group from $90.00 to $103.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. StockNews.com lowered Unum Group from a "buy" rating to a "hold" rating in a report on Friday. Barclays boosted their target price on Unum Group from $76.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Finally, Raymond James raised Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price target on the stock in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $86.62.

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.