Quantinno Capital Management LP Increases Stock Position in Unum Group (NYSE:UNM)

Quantinno Capital Management LP boosted its holdings in Unum Group (NYSE:UNM - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,916 shares of the financial services provider's stock after purchasing an additional 20,770 shares during the period. Quantinno Capital Management LP owned about 0.11% of Unum Group worth $11,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc grew its position in Unum Group by 3.4% during the third quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider's stock worth $330,000 after buying an additional 180 shares in the last quarter. V Square Quantitative Management LLC grew its position in Unum Group by 38.2% during the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider's stock worth $42,000 after buying an additional 194 shares in the last quarter. Brooklyn Investment Group grew its position in Unum Group by 3.1% during the third quarter. Brooklyn Investment Group now owns 6,592 shares of the financial services provider's stock worth $392,000 after buying an additional 197 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Unum Group by 2.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider's stock worth $518,000 after buying an additional 217 shares in the last quarter. Finally, Caprock Group LLC boosted its holdings in shares of Unum Group by 1.8% in the 3rd quarter. Caprock Group LLC now owns 12,308 shares of the financial services provider's stock worth $732,000 after purchasing an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Unum Group Stock Up 1.0 %

Shares of UNM stock traded up $0.77 during mid-day trading on Thursday, hitting $76.44. 589,637 shares of the stock traded hands, compared to its average volume of 1,249,291. The stock has a market cap of $13.96 billion, a P/E ratio of 8.19, a P/E/G ratio of 1.09 and a beta of 0.79. The stock's fifty day moving average is $66.97 and its two-hundred day moving average is $58.01. Unum Group has a 52-week low of $42.09 and a 52-week high of $77.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results 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. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the company earned $1.94 EPS. Unum Group's quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts predict that Unum Group will post 8.53 EPS for the current year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. Unum Group's payout ratio is 18.18%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UNM shares. Morgan Stanley upped their price objective on Unum Group from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. UBS Group upgraded shares of Unum Group to a "hold" rating in a report on Wednesday, October 9th. Evercore ISI raised shares of Unum Group from an "in-line" rating to an "outperform" rating and increased their target price for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Wells Fargo & Company boosted their price target on shares of Unum Group from $69.00 to $71.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, Barclays raised their price objective on Unum Group from $72.00 to $74.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and an average target price of $67.73.

Insider Transactions at Unum Group

In other news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the sale, the chief accounting officer now owns 8,361 shares of the company's stock, valued at $581,591.16. This trade represents a 15.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the sale, the executive vice president now directly owns 54,827 shares in the company, valued at $4,217,292.84. The trade was a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock valued at $7,998,745 in the last 90 days. 0.93% of the stock is currently 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.