Pacer Advisors Inc. grew its position in Unum Group (NYSE:UNM) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,736 shares of the financial services provider’s stock after acquiring an additional 370 shares during the quarter. Pacer Advisors Inc.’s holdings in Unum Group were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in the business. BDO Wealth Advisors LLC bought a new stake in Unum Group in the 2nd quarter worth approximately $1,175,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Unum Group by 18.5% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,180 shares of the financial services provider’s stock worth $2,760,000 after acquiring an additional 9,221 shares during the last quarter. Airain ltd increased its stake in Unum Group by 57.3% in the 2nd quarter. Airain ltd now owns 14,436 shares of the financial services provider’s stock worth $673,000 after acquiring an additional 5,261 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Unum Group by 19.3% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 232,868 shares of the financial services provider’s stock worth $10,860,000 after acquiring an additional 37,641 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Unum Group by 30.5% in the 2nd quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock worth $144,982,000 after acquiring an additional 727,487 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.
Unum Group (NYSE UNM) opened at 48.43 on Friday. The company has a market cap of $10.93 billion, a P/E ratio of 11.66 and a beta of 1.57. Unum Group has a 12 month low of $33.98 and a 12 month high of $51.43. The firm has a 50-day moving average price of $48.87 and a 200 day moving average price of $47.23.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the business posted $1.00 earnings per share. Equities research analysts predict that Unum Group will post $4.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, July 31st were given a dividend of $0.23 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, July 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.90%. Unum Group’s dividend payout ratio (DPR) is presently 22.17%.
Unum Group announced that its board has initiated a stock repurchase program on Thursday, May 25th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the financial services provider to buy up to 7.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other Unum Group news, Director Gloria C. Larson sold 2,460 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total transaction of $123,565.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela H. Godwin sold 2,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.71, for a total value of $126,775.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,960 shares of company stock worth $932,391. 0.53% of the stock is currently owned by company insiders.
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Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Friday. Royal Bank Of Canada reissued a “hold” rating on shares of Unum Group in a research report on Wednesday, July 12th. BidaskClub raised Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Barclays PLC boosted their target price on Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $46.56.
Unum Group 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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