Daiwa Securities Group Inc. continued to hold its position in shares of Unum Group (NYSE:UNM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,600 shares of the financial services provider’s stock at the end of the second quarter. Daiwa Securities Group Inc.’s holdings in Unum Group were worth $308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of UNM. Moody Lynn & Lieberson LLC boosted its position in shares of Unum Group by 0.3% in the first quarter. Moody Lynn & Lieberson LLC now owns 10,530 shares of the financial services provider’s stock valued at $494,000 after buying an additional 28 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of 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 valued at $114,000 after buying an additional 29 shares during the period. Honkamp Krueger Financial Services Inc. boosted its position in shares of Unum Group by 0.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 26,338 shares of the financial services provider’s stock valued at $1,228,000 after buying an additional 81 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Unum Group by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the financial services provider’s stock valued at $662,000 after buying an additional 100 shares during the period. Finally, Hugh Johnson Advisors LLC boosted its position in shares of Unum Group by 0.3% in the first quarter. Hugh Johnson Advisors LLC now owns 50,335 shares of the financial services provider’s stock valued at $2,360,000 after buying an additional 127 shares during the period. 92.84% of the stock is owned by hedge funds and other institutional investors.

Unum Group (NYSE UNM) opened at 50.06 on Wednesday. The firm has a 50-day moving average of $48.53 and a 200-day moving average of $47.15. The stock has a market cap of $11.30 billion, a PE ratio of 12.06 and a beta of 1.56. Unum Group has a 12-month low of $33.82 and a 12-month high of $51.43.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same quarter in the prior year, the business earned $1.00 EPS. Equities analysts predict that Unum Group will post $4.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, July 31st will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.84%. This is a boost from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s dividend payout ratio is currently 22.17%.

Unum Group declared that its Board of Directors has approved a share buyback program on Thursday, May 25th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the financial services provider to buy up to 7.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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Several research analysts recently issued reports on the stock. BidaskClub raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Barclays PLC raised their target price on shares of Unum Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Deutsche Bank AG raised their target price on shares of Unum Group from $46.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Royal Bank Of Canada reissued a “hold” rating on shares of Unum Group in a report on Wednesday, July 12th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $46.78.

In related news, Director Pamela H. Godwin sold 2,500 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Breege A. Farrell sold 15,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $45.47, for a total transaction of $682,050.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,960 shares of company stock valued at $932,391. 0.53% of the stock is owned by company 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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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