Charles Schwab Investment Management Inc. Has $405.48 Million Position in Unum Group (NYSE:UNM)

Charles Schwab Investment Management Inc. raised its holdings in Unum Group (NYSE:UNM - Free Report) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,552,252 shares of the financial services provider's stock after acquiring an additional 51,744 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.04% of Unum Group worth $405,481,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UNM. Barrett & Company Inc. lifted its stake in shares of 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 purchasing an additional 297 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Unum Group during the third quarter valued at about $31,000. Kestra Investment Management LLC acquired a new stake in shares of Unum Group in the fourth quarter worth about $38,000. Quarry LP boosted its stake in shares of Unum Group by 4,794.7% during the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider's stock worth $55,000 after acquiring an additional 911 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings 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 acquiring an additional 160 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Stock Performance

Shares of UNM traded down $0.41 on Friday, reaching $79.05. 1,274,457 shares of the stock traded hands, compared to its average volume of 1,147,299. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of 8.35, a P/E/G ratio of 1.14 and a beta of 0.74. Unum Group has a 12 month low of $48.38 and a 12 month high of $83.96. The stock's 50-day moving average price is $75.59 and its 200-day moving average price is $68.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28.

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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 analysts' consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Equities analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group declared that its Board of Directors has authorized a share buyback program on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Unum Group Dividend Announcement

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

Insider Buying and Selling at Unum Group

In other 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 in the company, valued at approximately $2,588,751. The trade was a 18.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard P. Mckenney sold 50,000 shares of the company'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 completion of the sale, the chief executive officer now directly owns 980,637 shares in the company, valued at approximately $80,402,427.63. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Raymond James upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price target on the stock in a report on Wednesday. Evercore ISI upgraded shares of Unum Group from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. BMO Capital Markets boosted their target price on shares of Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Jefferies Financial Group lifted their price objective on Unum Group from $91.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company increased their target price on Unum Group from $81.00 to $91.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Unum Group presently has an average rating of "Moderate Buy" and an average target price 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.