Northwestern Mutual Investment Management Company LLC Has $1.92 Million Stake in Unum Group (UNM)

Northwestern Mutual Investment Management Company LLC lessened its stake in Unum Group (NYSE:UNM) by 20.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,275 shares of the financial services provider’s stock after selling 10,409 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Unum Group were worth $1,917,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of UNM. Investec Asset Management LTD lifted its holdings in shares of Unum Group by 128.2% in the 4th quarter. Investec Asset Management LTD now owns 4,316,708 shares of the financial services provider’s stock valued at $236,944,000 after buying an additional 2,425,302 shares during the period. Algebris UK Ltd acquired a new position in shares of Unum Group in the 1st quarter valued at about $19,099,000. Allianz Asset Management GmbH lifted its holdings in shares of Unum Group by 39.0% in the 4th quarter. Allianz Asset Management GmbH now owns 1,209,637 shares of the financial services provider’s stock valued at $66,397,000 after buying an additional 339,361 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Unum Group by 47.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,028,656 shares of the financial services provider’s stock valued at $56,464,000 after buying an additional 332,496 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Unum Group by 1.6% in the 1st quarter. BlackRock Inc. now owns 16,998,343 shares of the financial services provider’s stock valued at $809,291,000 after buying an additional 262,169 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

NYSE:UNM opened at $39.14 on Friday. Unum Group has a 12 month low of $36.91 and a 12 month high of $58.73. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.09 and a beta of 1.40.



Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.01). Unum Group had a return on equity of 10.73% and a net margin of 9.12%. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm posted $1.02 earnings per share. Unum Group’s quarterly revenue was up 3.3% on a year-over-year basis. equities research analysts forecast that Unum Group will post 5.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Monday, April 30th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, April 27th. This represents a $0.92 annualized dividend and a yield of 2.35%. Unum Group’s dividend payout ratio (DPR) is currently 21.45%.

Unum Group announced that its board has initiated a share repurchase plan on Thursday, May 24th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 8.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup set a $44.00 price target on Unum Group and gave the stock a “hold” rating in a report on Tuesday. Wells Fargo & Co set a $53.00 price target on Unum Group and gave the stock a “hold” rating in a report on Thursday, May 24th. ValuEngine cut Unum Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Finally, Deutsche Bank reduced their price target on Unum Group from $58.00 to $53.00 and set a “hold” rating for the company in a report on Thursday, May 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $53.46.

In other Unum Group news, EVP Michael Q. Simonds sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $48.94, for a total transaction of $244,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. 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.

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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