Unum Group (UNM) Position Increased by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale boosted its stake in shares of Unum Group (NYSE:UNM) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 885,009 shares of the financial services provider’s stock after buying an additional 23,072 shares during the period. DekaBank Deutsche Girozentrale owned about 3.92% of Unum Group worth $41,247,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Foundry Partners LLC increased its stake in shares of Unum Group by 3.3% in the second quarter. Foundry Partners LLC now owns 314,824 shares of the financial services provider’s stock valued at $14,680,000 after buying an additional 10,120 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Unum Group by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,058,332 shares of the financial services provider’s stock valued at $49,351,000 after buying an additional 15,747 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Unum Group during the second quarter valued at approximately $1,123,000. Global X Management Co. LLC increased its stake in shares of Unum Group by 35.3% in the second quarter. Global X Management Co. LLC now owns 6,934 shares of the financial services provider’s stock valued at $323,000 after buying an additional 1,810 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in shares of Unum Group by 6.6% in the second quarter. Advisor Partners LLC now owns 9,510 shares of the financial services provider’s stock valued at $443,000 after buying an additional 585 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.
Unum Group (NYSE UNM) opened at 49.94 on Friday. The company has a market capitalization of $11.27 billion, a PE ratio of 12.03 and a beta of 1.56. The company has a 50 day moving average price of $48.13 and a 200-day moving average price of $47.04. Unum Group has a 12-month low of $33.25 and a 12-month high of $51.43.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $2.81 billion for 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 last year, the firm posted $1.00 earnings per share. On average, analysts anticipate that Unum Group will post $4.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 31st will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This is an increase from Unum Group’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 1.84%. Unum Group’s dividend payout ratio (DPR) is currently 22.17%.
Unum Group declared that its board has approved a stock repurchase plan on Thursday, May 25th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the financial services provider to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Several brokerages have recently commented on UNM. BidaskClub upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating and set a $56.00 price target for the company in a report on Monday, July 31st. Wells Fargo & Company reaffirmed a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Unum Group in a report on Wednesday, July 12th. Finally, Deutsche Bank AG lifted their price target on Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $46.67.
In other Unum Group news, EVP Breege A. Farrell sold 15,000 shares of the stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $45.47, for a total value of $682,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pamela H. Godwin sold 2,500 shares of the stock in a transaction dated 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 sold 19,960 shares of company stock valued at $932,391 over the last quarter. 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.
Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM).
Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with Analyst Ratings Network's FREE daily email newsletter.