BT Investment Management Ltd purchased a new position in shares of Unum Group (NYSE:UNM) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 134,982 shares of the financial services provider’s stock, valued at approximately $6,294,000. BT Investment Management Ltd owned 0.06% of Unum Group as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of UNM. Bronfman E.L. Rothschild L.P. grew its holdings in Unum Group by 1.2% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,434 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 29 shares during the period. Jacobi Capital Management LLC bought a new stake in shares of Unum Group during the second quarter worth approximately $159,000. Huntington National Bank boosted its holdings in shares of Unum Group by 25.8% during the second quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 700 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Unum Group by 3.2% during the first quarter. Pacer Advisors Inc. now owns 4,366 shares of the financial services provider’s stock worth $205,000 after acquiring an additional 134 shares during the period. Finally, Johnson Financial Group Inc. boosted its holdings in shares of Unum Group by 4.7% during the first quarter. Johnson Financial Group Inc. now owns 4,446 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.
Unum Group (NYSE:UNM) traded up 0.77% during midday trading on Friday, hitting $48.43. 1,962,278 shares of the stock were exchanged. The firm has a market capitalization of $10.93 billion, a P/E ratio of 11.66 and a beta of 1.57. Unum Group has a 1-year low of $33.98 and a 1-year high of $51.43. The firm’s 50-day moving average price is $48.87 and its 200 day moving average price is $47.23.
Unum Group (NYSE:UNM) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.04. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm earned $1.00 EPS. Analysts expect that Unum Group will post $4.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, July 31st were issued a $0.23 dividend. The ex-dividend date was Thursday, July 27th. This is an increase from Unum Group’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 1.90%. Unum Group’s dividend payout ratio (DPR) is 22.17%.
Unum Group declared that its board has approved a stock buyback program on Thursday, May 25th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the financial services provider to purchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
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A number of equities research analysts have recently issued reports on the company. Barclays PLC boosted their price objective on Unum Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub upgraded Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Wells Fargo & Company restated a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Unum Group in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Unum Group has a consensus rating of “Hold” and an average target price of $46.56.
In related news, EVP Breege A. Farrell sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $45.47, for a total value of $682,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gloria C. Larson sold 2,460 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total transaction of $123,565.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,960 shares of company stock valued at $932,391. 0.53% of the stock is owned by insiders.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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