85,797 Shares in Unum Group (NYSE:UNM) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Unum Group (NYSE:UNM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 85,797 shares of the financial services provider's stock, valued at approximately $6,989,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in Unum Group by 4.0% in the first quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock worth $290,000 after purchasing an additional 136 shares in the last quarter. Bessemer Group Inc. increased its holdings in Unum Group by 2.2% in the fourth quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider's stock worth $478,000 after purchasing an additional 143 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Unum Group by 0.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider's stock worth $1,330,000 after purchasing an additional 147 shares in the last quarter. Private Trust Co. NA increased its holdings in Unum Group by 7.3% in the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider's stock worth $225,000 after purchasing an additional 187 shares in the last quarter. Finally, Belpointe Asset Management LLC increased its holdings in Unum Group by 2.1% in the fourth quarter. Belpointe Asset Management LLC now owns 9,151 shares of the financial services provider's stock worth $668,000 after purchasing an additional 189 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays set a $96.00 price objective on Unum Group and gave the company an "overweight" rating in a report on Monday, July 7th. Keefe, Bruyette & Woods decreased their price objective on Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on Unum Group from $97.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Finally, Morgan Stanley boosted their price objective on Unum Group from $83.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $91.77.

Unum Group Stock Up 0.9%

UNM stock opened at $80.74 on Friday. Unum Group has a 1-year low of $51.80 and a 1-year high of $84.48. The business has a fifty day moving average price of $80.31 and a 200-day moving average price of $78.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $14.08 billion, a P/E ratio of 9.51, a P/E/G ratio of 1.27 and a beta of 0.41.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). The firm had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.34 billion. Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The firm's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 EPS. Equities analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 25th will be given a $0.46 dividend. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, July 25th. This represents a $1.84 dividend on an annualized basis and a yield of 2.28%. Unum Group's dividend payout ratio is presently 19.79%.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the completion of the sale, the executive vice president owned 51,170 shares in the company, valued at $4,093,600. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.92% of the stock is currently owned by insiders.

Unum Group Company 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.

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