Russell Investments Group Ltd. raised its stake in shares of Unum Group (NYSE:UNM - Free Report) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,916 shares of the financial services provider's stock after purchasing an additional 16,863 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Unum Group worth $17,157,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Unum Group by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock worth $1,496,939,000 after buying an additional 1,596,078 shares in the last quarter. Norges Bank acquired a new position in Unum Group during the fourth quarter worth $1,003,918,000. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 51,744 shares during the last quarter. Victory Capital Management Inc. increased its stake in Unum Group by 23.3% during 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 buying an additional 276,655 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Unum Group by 44.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,264,994 shares of the financial services provider's stock valued at $92,383,000 after acquiring an additional 392,191 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. UBS Group raised their target price 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. Keefe, Bruyette & Woods reduced their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley increased their price objective on Unum Group from $80.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Barclays increased their price target on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Wells Fargo & Company decreased their price objective on shares of Unum Group from $97.00 to $95.00 and set an "overweight" rating on the stock in a report on Thursday, April 10th. Five 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $88.36.
Get Our Latest Stock Report on Unum Group
Unum Group Stock Performance
NYSE UNM traded up $0.97 during trading on Tuesday, reaching $77.88. The company's stock had a trading volume of 300,308 shares, compared to its average volume of 1,281,565. The business's fifty day moving average price is $77.78 and its 200-day moving average price is $73.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 1.14 and a beta of 0.46. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48.
Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data 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 net margin of 13.81% and a return on equity of 14.91%. As a group, analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.
Unum Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, April 25th. Unum Group's payout ratio is 17.74%.
Unum Group announced that its board has initiated a share buyback plan on Tuesday, February 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.
Insider Transactions at Unum Group
In other Unum Group news, EVP Lisa G. Iglesias sold 7,000 shares of the stock in a transaction on 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 in the company, valued at approximately $2,588,751. This represents a 18.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 sale, the chief executive officer now directly owns 980,637 shares in the company, valued at $80,402,427.63. This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company's stock.
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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