Public Employees Retirement System of Ohio lowered its position in Unum Group (NYSE:UNM - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 96,670 shares of the financial services provider's stock after selling 16,639 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Unum Group worth $7,060,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barrett & Company Inc. lifted its stake in Unum Group by 300.0% in the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock valued at $29,000 after buying an additional 297 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Unum Group in the fourth quarter valued at approximately $38,000. Millstone Evans Group LLC purchased a new stake in Unum Group in the fourth quarter valued at approximately $45,000. Duncker Streett & Co. Inc. purchased a new stake in Unum Group in the fourth quarter valued at approximately $58,000. Finally, V Square Quantitative Management LLC lifted its stake in Unum Group by 36.5% in the fourth quarter. V Square Quantitative Management LLC now owns 958 shares of the financial services provider's stock valued at $70,000 after buying an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.
Unum Group Price Performance
UNM traded up $0.35 during trading on Friday, reaching $81.73. 1,073,295 shares of the stock were exchanged, compared to its average volume of 1,316,637. The business's 50 day moving average price is $78.61 and its two-hundred day moving average price is $76.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.14 and a beta of 0.38. Unum Group has a 1 year low of $48.38 and a 1 year 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 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 return on equity of 14.91% and a net margin of 13.81%. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.12 earnings per share. As a group, equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.
Unum Group announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are 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 given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. Unum Group's payout ratio is 19.79%.
Insiders Place Their Bets
In other news, EVP Lisa G. Iglesias sold 7,000 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value of $579,250.00. Following the sale, the executive vice president now directly owns 31,284 shares in the company, valued at $2,588,751. This represents a 18.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company's stock in a transaction 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 owns 51,170 shares in the company, valued at $4,093,600. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,000 shares of company stock worth $5,478,750. 0.92% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on UNM shares. Morgan Stanley boosted their price objective on Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods dropped their target price on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets boosted their target price on Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. UBS Group set a $89.00 target price on Unum Group and gave the company a "neutral" rating in a report on Friday, May 23rd. Finally, Raymond James raised Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 target price on the stock in a report on Wednesday, March 5th. Five equities 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.29.
Read Our Latest Stock Report on Unum Group
About Unum Group
(
Free Report)
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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