Victory Capital Management Inc. lifted its stake in Unum Group (NYSE:UNM) by 11.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,979 shares of the financial services provider’s stock after purchasing an additional 5,385 shares during the quarter. Victory Capital Management Inc.’s holdings in Unum Group were worth $2,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of UNM. Gotham Asset Management LLC lifted its position in shares of Unum Group by 0.8% in the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 35 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Unum Group in the second quarter worth approximately $489,000. Raymond James Financial Services Advisors Inc. lifted its position in shares of Unum Group by 119.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 22,366 shares of the financial services provider’s stock worth $1,043,000 after purchasing an additional 12,195 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Unum Group by 2.1% in the second quarter. Ameritas Investment Partners Inc. now owns 5,386 shares of the financial services provider’s stock worth $251,000 after purchasing an additional 113 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Unum Group during the second quarter valued at approximately $246,000. 90.16% of the stock is owned by institutional investors and hedge funds.
In other Unum Group news, EVP Michael Q. Simonds sold 5,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $52.09, for a total transaction of $260,450.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total value of $55,070.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,047 shares of company stock worth $1,046,303. Corporate insiders own 0.53% of the company’s stock.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Unum Group had a return on equity of 10.43% and a net margin of 8.81%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company posted $0.99 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts forecast that Unum Group will post 5.17 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, January 29th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a $0.92 annualized dividend and a yield of 1.75%. Unum Group’s dividend payout ratio (DPR) is presently 21.00%.
Several brokerages recently weighed in on UNM. Wells Fargo & Co set a $48.00 price objective on shares of Unum Group and gave the company a “hold” rating in a research report on Wednesday, October 25th. Royal Bank of Canada reaffirmed a “hold” rating and set a $52.00 price objective on shares of Unum Group in a research report on Friday, October 27th. Langen Mcalenn reaffirmed a “neutral” rating on shares of Unum Group in a research report on Tuesday, January 16th. Deutsche Bank began coverage on shares of Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price objective on the stock. Finally, ValuEngine raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $56.73.
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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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