Deutsche Bank AG Has $20.98 Million Position in Unum Group (NYSE:UNM)

Deutsche Bank AG grew its position in Unum Group (NYSE:UNM - Free Report) by 258.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,218 shares of the financial services provider's stock after acquiring an additional 207,110 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of Unum Group worth $20,976,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Concentric Capital Strategies LP bought a new stake in Unum Group during the fourth quarter valued at $1,717,000. Cetera Investment Advisers lifted its holdings in Unum Group by 6.0% in the fourth quarter. Cetera Investment Advisers now owns 36,967 shares of the financial services provider's stock worth $2,700,000 after acquiring an additional 2,105 shares during the last quarter. Captrust Financial Advisors boosted its stake in Unum Group by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 223,310 shares of the financial services provider's stock valued at $16,308,000 after acquiring an additional 11,650 shares during the period. Baird Financial Group Inc. grew its holdings in shares of Unum Group by 95.7% during the fourth quarter. Baird Financial Group Inc. now owns 7,169 shares of the financial services provider's stock valued at $524,000 after purchasing an additional 3,506 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Unum Group during the 4th quarter worth approximately $113,962,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Unum Group

In other news, CEO Richard P. Mckenney sold 50,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the completion of the sale, the chief executive officer now directly owns 980,637 shares of the company's stock, valued at $80,402,427.63. This trade represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lisa G. Iglesias sold 7,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value of $579,250.00. Following the completion of the transaction, the executive vice president now owns 31,284 shares in the company, valued at $2,588,751. This represents a 18.28% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,000 shares of company stock valued at $5,478,750. Corporate insiders own 0.92% of the company's stock.

Unum Group Price Performance

Shares of NYSE UNM traded down $0.09 during trading on Monday, hitting $82.06. The company had a trading volume of 404,599 shares, compared to its average volume of 1,313,078. Unum Group has a 52 week low of $48.38 and a 52 week high of $84.48. The company has a market cap of $14.31 billion, a P/E ratio of 8.67, a PEG ratio of 1.14 and a beta of 0.38. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. The business's 50-day moving average is $78.56 and its 200 day moving average is $75.86.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The firm had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.34 billion. During the same quarter last year, the company posted $2.12 EPS. The firm's revenue was down 3.4% compared to the same quarter last year. Equities research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, April 25th. This represents a $1.68 annualized dividend and a yield of 2.05%. Unum Group's dividend payout ratio (DPR) is presently 19.79%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UNM shares. Raymond James upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective for the company in a research note on Wednesday, March 5th. UBS Group boosted their target price on shares of Unum Group from $75.00 to $91.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. BMO Capital Markets raised their price target on shares of Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a research note on Monday, March 3rd. Piper Sandler increased their price objective on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Finally, Barclays lifted their target price on Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $88.43.

Unum Group Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.