Unum Group (NYSE:UNM) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its position in Unum Group (NYSE:UNM - Free Report) by 10.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 140,367 shares of the financial services provider's stock after purchasing an additional 13,204 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.08% of Unum Group worth $11,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in Unum Group in the 1st quarter valued at $216,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of Unum Group by 13.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 337,273 shares of the financial services provider's stock worth $27,474,000 after acquiring an additional 40,313 shares during the period. Perigon Wealth Management LLC purchased a new position in shares of Unum Group during the 1st quarter worth $227,000. Bessemer Group Inc. raised its holdings in shares of Unum Group by 3.2% during the 1st quarter. Bessemer Group Inc. now owns 6,744 shares of the financial services provider's stock worth $549,000 after acquiring an additional 208 shares during the period. Finally, Retirement Guys Formula LLC purchased a new position in shares of Unum Group during the 1st quarter worth $203,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on UNM shares. Barclays lifted their price target on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Raymond James Financial upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price target on the stock in a report on Wednesday, March 5th. BMO Capital Markets lifted their price target on Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Wells Fargo & Company lifted their price target on Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Morgan Stanley lifted their price target on Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $88.86.

Unum Group Trading Up 1.5%

Shares of NYSE:UNM traded up $1.22 during midday trading on Tuesday, reaching $81.98. 1,527,002 shares of the company's stock were exchanged, compared to its average volume of 1,331,415. The firm's 50 day simple moving average is $79.84 and its two-hundred day simple moving average is $77.42. 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 cap of $14.29 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.26 and a beta of 0.43. Unum Group has a fifty-two week low of $49.63 and a fifty-two week high of $84.48.

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

Unum Group Announces Dividend

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

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group 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 transaction, the executive vice president directly owned 51,170 shares of the company's stock, valued at $4,093,600. The trade was a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.93% of the stock is currently owned by corporate insiders.

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.