Shell Asset Management Co. maintained its position in Unum Group (NYSE:UNM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,016 shares of the financial services provider’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Unum Group were worth $607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in Unum Group by 2,690.7% in the first quarter. BlackRock Inc. now owns 16,788,648 shares of the financial services provider’s stock worth $787,221,000 after buying an additional 16,187,062 shares during the last quarter. AQR Capital Management LLC increased its position in Unum Group by 32.4% in the first quarter. AQR Capital Management LLC now owns 5,699,745 shares of the financial services provider’s stock worth $267,262,000 after buying an additional 1,395,330 shares during the last quarter. Boston Partners increased its position in Unum Group by 16.6% in the first quarter. Boston Partners now owns 9,564,880 shares of the financial services provider’s stock worth $448,498,000 after buying an additional 1,358,289 shares during the last quarter. Prudential Financial Inc. increased its position in Unum Group by 75.8% in the first quarter. Prudential Financial Inc. now owns 2,381,719 shares of the financial services provider’s stock worth $111,679,000 after buying an additional 1,026,653 shares during the last quarter. Finally, Systematic Financial Management LP increased its position in Unum Group by 181.1% in the first quarter. Systematic Financial Management LP now owns 1,362,845 shares of the financial services provider’s stock worth $63,904,000 after buying an additional 878,031 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

Shares of Unum Group (NYSE:UNM) opened at 49.70 on Friday. The company has a 50 day moving average price of $48.26 and a 200-day moving average price of $47.07. The firm has a market capitalization of $11.22 billion, a PE ratio of 11.97 and a beta of 1.56. Unum Group has a 12 month low of $33.65 and a 12 month high of $51.43.

Unum Group (NYSE:UNM) last posted 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 company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. During the same period in the prior year, the company earned $1.00 earnings per share. Equities research analysts expect that Unum Group will post $4.17 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from Unum Group’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 1.85%. Unum Group’s dividend payout ratio is 22.17%.

Unum Group declared that its board has approved a stock buyback plan on Thursday, May 25th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the financial services provider to purchase up to 7.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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UNM has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and issued a $50.00 price objective on shares of Unum Group in a report on Friday, April 28th. Deutsche Bank AG increased their price objective on Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. BidaskClub upgraded Unum Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.78.

In other news, EVP Breege A. Farrell sold 15,000 shares of the company’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 transaction of $682,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela H. Godwin sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were 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. Insiders have sold 19,960 shares of company stock valued at $932,391 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

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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