Newman Dignan & Sheerar Inc. raised its stake in Unum Group (NYSE:UNM) by 0.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,954 shares of the financial services provider’s stock after buying an additional 100 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Unum Group were worth $744,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. increased 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. Huntington National Bank increased its position in shares of Unum Group by 25.8% in the second quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock valued at $160,000 after buying an additional 700 shares during the period. First Manhattan Co. increased its position in shares of Unum Group by 23.0% in the first quarter. First Manhattan Co. now owns 5,350 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,000 shares during the period. Pacer Advisors Inc. increased its position in shares of Unum Group by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,366 shares of the financial services provider’s stock valued at $205,000 after buying an additional 134 shares during the period. Finally, Johnson Financial Group Inc. increased its position in shares of Unum Group by 4.7% in the first quarter. Johnson Financial Group Inc. now owns 4,446 shares of the financial services provider’s stock valued at $208,000 after buying an additional 200 shares during the period. Institutional investors own 92.36% of the company’s stock.

Shares of Unum Group (NYSE:UNM) opened at 48.26 on Thursday. The firm has a market capitalization of $10.89 billion, a PE ratio of 11.62 and a beta of 1.56. The company has a 50-day moving average of $48.81 and a 200 day moving average of $47.25. Unum Group has a 12-month low of $33.98 and a 12-month high of $51.43.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.80 billion. During the same period in the prior year, the firm posted $1.00 EPS. On average, analysts predict that Unum Group will post $4.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, July 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.91%. This is a positive change from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 27th. Unum Group’s dividend payout ratio is currently 22.17%.

Unum Group announced that its board has initiated a stock repurchase 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 repurchase up to 7.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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UNM has been the subject of several analyst reports. BidaskClub upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Wednesday, June 28th. Royal Bank Of Canada restated a “hold” rating on shares of Unum Group in a research note on Wednesday, July 12th. Wells Fargo & Company restated a “hold” rating on shares of Unum Group in a research note on Sunday, July 30th. Finally, Barclays PLC upped their target price on shares of Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.56.

In other Unum Group news, Director Pamela H. Godwin sold 2,500 shares of the company’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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gloria C. Larson sold 2,460 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total value of $123,565.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,960 shares of company stock worth $932,391. 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.

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

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