Unum Group (NYSE:UNM) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC raised its position in Unum Group (NYSE:UNM - Free Report) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,221,569 shares of the financial services provider's stock after purchasing an additional 24,461 shares during the quarter. Nuveen Asset Management LLC owned 0.67% of Unum Group worth $89,211,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UNM. Barrett & Company Inc. increased its position in shares of Unum Group by 300.0% during the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after acquiring an additional 297 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Unum Group during the fourth quarter worth approximately $38,000. Millstone Evans Group LLC purchased a new position in shares of Unum Group during the fourth quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock worth $58,000 after acquiring an additional 179 shares during the period. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Unum Group during the fourth quarter worth approximately $58,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 now directly owns 51,170 shares in the company, valued at $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were 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 owns 980,637 shares of the company's stock, valued at approximately $80,402,427.63. This trade represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock worth $5,478,750 over the last three months. Corporate insiders own 0.92% of the company's stock.

Unum Group Stock Up 0.3%

UNM traded up $0.27 during trading on Friday, hitting $79.90. The stock had a trading volume of 693,326 shares, compared to its average volume of 1,316,927. The company has a market capitalization of $13.93 billion, a PE ratio of 8.44, a PEG ratio of 1.14 and a beta of 0.38. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48. 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 stock has a 50 day simple moving average of $78.72 and a two-hundred day simple moving average of $76.27.

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

Unum Group announced that its board has approved a stock buyback 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 purchase up to 7.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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 paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 annualized dividend and a yield of 2.10%. Unum Group's dividend payout ratio (DPR) is 19.79%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Unum Group from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. BMO Capital Markets raised their target price on shares of Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. UBS Group reduced their target price on shares of Unum Group from $91.00 to $89.00 and set a "neutral" rating on the stock in a research report on Friday. Wall Street Zen downgraded shares of Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Raymond James upgraded shares of Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective on the stock in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $88.29.

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.