National Pension Service boosted its position in shares of Unum Group (NYSE:UNM) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 256,769 shares of the financial services provider’s stock after buying an additional 23,316 shares during the period. National Pension Service owned approximately 0.11% of Unum Group worth $11,958,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its stake in Unum Group by 1.2% in 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 buying an additional 29 shares during the period. Crestwood Advisors Group LLC bought a new stake in Unum Group during the first quarter worth about $150,000. Coastline Trust Co bought a new stake in Unum Group during the first quarter worth about $202,000. Federated Investors Inc. PA raised its stake in Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock worth $191,000 after buying an additional 4,346 shares during the period. Finally, Pacer Advisors Inc. raised its stake in Unum Group by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,366 shares of the financial services provider’s stock worth $205,000 after buying an additional 134 shares during the period. 92.96% of the stock is owned by institutional investors.
Unum Group (NYSE:UNM) opened at 50.80 on Friday. Unum Group has a 12-month low of $32.64 and a 12-month high of $51.10. The company has a 50-day moving average price of $47.46 and a 200-day moving average price of $46.79. The firm has a market cap of $11.46 billion, a P/E ratio of 12.24 and a beta of 1.56.
Unum Group (NYSE:UNM) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. During the same quarter in the previous year, the business posted $1.00 EPS. On average, analysts predict that Unum Group will post $4.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 31st will be paid a $0.23 dividend. This is a boost from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, July 27th. This represents a $0.92 annualized dividend and a yield of 1.81%. Unum Group’s payout ratio is presently 22.17%.
Unum Group declared that its board has authorized a stock buyback program on Thursday, May 25th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 7.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
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UNM has been the subject of a number of research analyst reports. Deutsche Bank AG increased their price target on shares of Unum Group from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $50.00 price target on shares of Unum Group in a research report on Friday, April 28th. BidaskClub raised shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Wednesday, June 28th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Unum Group currently has a consensus rating of “Hold” and a consensus price target of $46.67.
In other Unum Group news, Director Gloria C. Larson sold 2,460 shares of the business’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 value of $123,565.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Breege A. Farrell sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $45.47, for a total value of $682,050.00. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
About Unum Group
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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