US Bancorp DE decreased its stake in Unum Group (NYSE:UNM) by 1.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 137,503 shares of the financial services provider’s stock after selling 2,153 shares during the period. US Bancorp DE owned about 0.06% of Unum Group worth $6,412,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of UNM. Vanguard Group Inc. boosted its stake in shares of Unum Group by 3.1% in the first quarter. Vanguard Group Inc. now owns 24,069,527 shares of the financial services provider’s stock valued at $1,128,621,000 after buying an additional 732,083 shares during the period. BlackRock Inc. boosted its stake in shares of 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 valued at $787,221,000 after buying an additional 16,187,062 shares during the period. State Street Corp boosted its stake in shares of Unum Group by 5.0% in the first quarter. State Street Corp now owns 12,119,332 shares of the financial services provider’s stock valued at $568,278,000 after buying an additional 573,818 shares during the period. Boston Partners boosted its stake in shares of Unum Group by 16.6% in the first quarter. Boston Partners now owns 9,564,880 shares of the financial services provider’s stock valued at $448,498,000 after buying an additional 1,358,289 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of 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 valued at $267,262,000 after buying an additional 1,395,330 shares during the period. 92.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Unum Group (UNM) traded down 0.48% on Friday, reaching $47.93. 1,608,398 shares of the company were exchanged. The firm has a market capitalization of $10.82 billion, a PE ratio of 11.54 and a beta of 1.56. Unum Group has a 12-month low of $33.95 and a 12-month high of $51.43. The company’s 50 day moving average is $48.73 and its 200 day moving average is $47.19.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping 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 net margin of 8.57% and a return on equity of 10.23%. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Analysts forecast that Unum Group will post $4.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, July 31st were given a $0.23 dividend. This is a positive change from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, July 27th. This represents a $0.92 annualized dividend and a yield of 1.92%. Unum Group’s payout ratio is currently 22.17%.
Unum Group declared that its board has authorized a stock repurchase program on Thursday, May 25th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the financial services provider to buy up to 7.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Wednesday, June 28th. BidaskClub lowered shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Wells Fargo & Company restated a “hold” rating on shares of Unum Group in a research note on Sunday, July 30th. Royal Bank Of Canada restated a “hold” rating and set a $50.00 price objective on shares of Unum Group in a research note on Friday, April 28th. Finally, Barclays PLC boosted their price objective on shares of Unum Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.78.
In other Unum Group news, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total value of $123,565.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Breege A. Farrell sold 15,000 shares of Unum Group stock in a transaction dated 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 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.
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