Oakbrook Investments LLC reduced its position in shares of Unum Group (NYSE:UNM) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,780 shares of the financial services provider’s stock after selling 1,320 shares during the period. Oakbrook Investments LLC’s holdings in Unum Group were worth $876,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its position in shares of Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock worth $191,000 after buying an additional 4,346 shares during the period. Renaissance Technologies LLC bought a new position in shares of Unum Group during the fourth quarter worth about $3,927,000. Kentucky Retirement Systems bought a new position in shares of Unum Group during the fourth quarter worth about $740,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Unum Group during the fourth quarter worth about $330,000. Finally, Chevy Chase Trust Holdings Inc. raised its position in shares of Unum Group by 2.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 199,052 shares of the financial services provider’s stock worth $9,334,000 after buying an additional 4,089 shares during the period. 92.84% of the stock is currently owned by institutional investors.
Unum Group (NYSE:UNM) traded down 0.48% on Friday, reaching $47.93. 1,608,398 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $48.73 and its 200 day moving average is $47.19. Unum Group has a 52 week low of $33.95 and a 52 week high of $51.43. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 11.54 and a beta of 1.56.
Unum Group (NYSE:UNM) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The business 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 quarter last year, the company earned $1.00 EPS. On average, equities analysts anticipate that Unum Group will post $4.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 31st will be issued a $0.23 dividend. This is a positive change from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, July 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.92%. Unum Group’s dividend payout ratio (DPR) is presently 22.17%.
Unum Group declared that its board has authorized a stock buyback plan 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 stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $56.00 price target on the stock in a report on Monday, July 31st. Royal Bank Of Canada reissued a “hold” rating on shares of Unum Group in a report on Wednesday, July 12th. Barclays PLC boosted 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. Finally, Wells Fargo & Company restated a “hold” rating on shares of Unum Group in a research note on Sunday, July 30th. Two research 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. Unum Group currently has an average rating of “Hold” and a consensus price target of $46.78.
In related news, Director Pamela H. Godwin sold 2,500 shares of Unum Group 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction on Tuesday, August 1st. The stock was 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. In the last three months, insiders sold 19,960 shares of company stock valued at $932,391. Corporate 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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