Unum Group (UNM) Shares Sold by Lingohr & Partner Asset Management GmbH
Lingohr & Partner Asset Management GmbH reduced its position in Unum Group (NYSE:UNM) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,700 shares of the financial services provider’s stock after selling 100 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Unum Group were worth $1,486,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Keybank National Association OH grew its holdings in Unum Group by 4.6% during the 1st quarter. Keybank National Association OH now owns 24,107 shares of the financial services provider’s stock valued at $1,130,000 after buying an additional 1,067 shares during the last quarter. Achmea Investment Management B.V. acquired a new stake in Unum Group during the 1st quarter valued at $3,930,000. State of Tennessee Treasury Department grew its holdings in Unum Group by 64.0% during the 1st quarter. State of Tennessee Treasury Department now owns 175,796 shares of the financial services provider’s stock valued at $8,244,000 after buying an additional 68,624 shares during the last quarter. Aviva PLC grew its holdings in Unum Group by 0.5% during the 2nd quarter. Aviva PLC now owns 144,311 shares of the financial services provider’s stock valued at $6,731,000 after buying an additional 690 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in Unum Group by 30.5% during the 2nd quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock valued at $144,982,000 after buying an additional 727,487 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.
Unum Group (UNM) traded up 0.77% during midday trading on Friday, hitting $48.43. The stock had a trading volume of 1,962,278 shares. The stock has a market cap of $10.93 billion, a PE ratio of 11.66 and a beta of 1.57. The firm has a 50 day moving average price of $48.87 and a 200 day moving average price of $47.23. Unum Group has a one year low of $33.98 and a one year high of $51.43.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. During the same quarter in the prior year, the company earned $1.00 earnings per share. Equities analysts expect that Unum Group will post $4.17 EPS for the current year.
Unum Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 25th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, July 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.90%. This is a boost from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s dividend payout ratio is currently 22.17%.
In other Unum Group news, EVP Breege A. Farrell sold 15,000 shares of the company’s stock in a transaction on 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 legal filing with the SEC, which is accessible through this link. Also, Director Pamela H. Godwin sold 2,500 shares of the company’s stock in a transaction 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 sold 19,960 shares of company stock worth $932,391 in the last ninety days. 0.53% of the stock is owned by corporate insiders.
UNM has been the topic of a number of analyst reports. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, September 6th. BidaskClub cut Unum Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine upgraded Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Wells Fargo & Company reiterated a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Finally, Barclays PLC increased their target price on Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Unum Group presently has an average rating of “Hold” and an average target price of $46.56.
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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.
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