Quantinno Capital Management LP Has $16.02 Million Stock Position in Unum Group (NYSE:UNM)

Quantinno Capital Management LP raised its position in shares of Unum Group (NYSE:UNM - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,377 shares of the financial services provider's stock after purchasing an additional 23,461 shares during the quarter. Quantinno Capital Management LP owned 0.12% of Unum Group worth $16,021,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Barrett & Company Inc. boosted its position in 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 purchasing an additional 297 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Unum Group in the 4th quarter valued at $38,000. Millstone Evans Group LLC bought a new stake in shares of Unum Group during the fourth quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Unum Group by 28.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock valued at $58,000 after buying an additional 179 shares during the period. Finally, Duncker Streett & Co. Inc. bought a new stake in Unum Group during the fourth quarter worth about $58,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the completion of the transaction, the chief executive officer now owns 980,637 shares of the company's stock, valued at approximately $80,402,427.63. The trade was a 4.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now directly owns 51,170 shares in the company, valued at $4,093,600. The trade was a 16.35% 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 in the last quarter. Corporate insiders own 0.92% of the company's stock.

Unum Group Trading Up 0.1%

Shares of NYSE:UNM opened at $80.98 on Wednesday. Unum Group has a fifty-two week low of $48.38 and a fifty-two week high of $84.48. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The company has a market cap of $14.12 billion, a PE ratio of 8.55, a P/E/G ratio of 1.14 and a beta of 0.38. The company's 50-day moving average price is $78.42 and its 200 day moving average price is $75.40.

Unum Group (NYSE:UNM - Get Free Report) last posted 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 company had revenue of $3.09 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $2.12 earnings per share. Sell-side analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group declared that its board has approved a stock buyback program 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 buy up to 7.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, April 25th. Unum Group's dividend payout ratio is currently 19.79%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UNM shares. StockNews.com cut shares of Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley increased their target price on Unum Group from $80.00 to $84.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods decreased their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Barclays upped their price objective on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Finally, Raymond James upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective on the stock in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.50.

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.

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