Amalgamated Bank Reduces Holdings in Unum Group (NYSE:UNM)

Amalgamated Bank trimmed its position in shares of Unum Group (NYSE:UNM - Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,281 shares of the financial services provider's stock after selling 4,066 shares during the period. Amalgamated Bank's holdings in Unum Group were worth $6,214,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Unum Group by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock worth $1,496,939,000 after purchasing an additional 1,596,078 shares in the last quarter. Norges Bank acquired a new position in Unum Group during the fourth quarter worth $1,003,918,000. Charles Schwab Investment Management Inc. lifted its stake in Unum Group by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock worth $405,481,000 after purchasing an additional 51,744 shares in the last quarter. Northern Trust Corp increased its position in shares of Unum Group by 33.2% during the fourth quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider's stock worth $140,973,000 after acquiring an additional 480,926 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Unum Group by 15.4% during the fourth quarter. First Trust Advisors LP now owns 1,708,452 shares of the financial services provider's stock worth $124,768,000 after acquiring an additional 227,644 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on Unum Group from $81.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group set a $89.00 price objective on Unum Group and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company upped their price objective on Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday. Barclays upped their price objective on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Wall Street Zen lowered Unum Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Five equities research 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.86.

Insider Activity

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the transaction, the executive vice president owned 51,170 shares of the company's stock, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.92% of the company's stock.

Unum Group Stock Up 1.0%

NYSE:UNM traded up $0.81 during trading hours on Friday, hitting $82.05. The company's stock had a trading volume of 1,250,476 shares, compared to its average volume of 1,331,495. The stock has a market capitalization of $14.31 billion, a P/E ratio of 9.66, a price-to-earnings-growth ratio of 1.29 and a beta of 0.41. The stock has a fifty day moving average of $80.11 and a 200-day moving average of $77.65. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a 52-week low of $50.03 and a 52-week high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last posted its 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). The business had revenue of $3.09 billion during 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 business's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $2.12 EPS. On average, equities analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

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

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.