OneDigital Investment Advisors LLC Makes New $298,000 Investment in Unum Group (NYSE:UNM)

OneDigital Investment Advisors LLC purchased a new stake in Unum Group (NYSE:UNM - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,656 shares of the financial services provider's stock, valued at approximately $298,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new position in Unum Group in the first quarter valued at approximately $46,000. Millstone Evans Group LLC acquired a new position in Unum Group in the fourth quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Unum Group by 60.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,282 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 482 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Unum Group in the fourth quarter valued at approximately $102,000. Finally, Capital Analysts LLC acquired a new position in Unum Group in the fourth quarter valued at approximately $108,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on UNM shares. JPMorgan Chase & Co. upped their price target on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday. Morgan Stanley increased their price objective on Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Wells Fargo & Company increased 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. 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. Finally, Barclays set a $96.00 price objective on Unum Group and gave the company an "overweight" rating in a report on Monday, July 7th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.00.

Unum Group Stock Performance

Shares of NYSE UNM traded down $0.47 during mid-day trading on Friday, hitting $80.00. 1,032,667 shares of the company were exchanged, compared to its average volume of 1,331,497. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $80.29 and a 200-day simple moving average of $77.90. Unum Group has a 1-year low of $51.55 and a 1-year high of $84.48. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 1.26 and a beta of 0.41.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly 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). Unum Group had a return on equity of 14.17% and a net margin of 12.31%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the business earned $2.12 earnings per share. Unum Group's revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed 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 is Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.30%. Unum Group's dividend payout ratio is presently 21.67%.

Insider Transactions at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the stock in a transaction on 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 owned 51,170 shares in the company, valued at approximately $4,093,600. This represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.92% of the company's stock.

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.