Unum Group (UNM) Shares Bought by Paradigm Asset Management Co. LLC
Paradigm Asset Management Co. LLC increased its position in Unum Group (NYSE:UNM) by 50.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,459 shares of the financial services provider’s stock after buying an additional 16,200 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Unum Group were worth $2,260,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Unum Group by 2,690.7% in the first quarter. BlackRock Inc. now owns 16,788,648 shares of the financial services provider’s stock worth $787,221,000 after buying an additional 16,187,062 shares in the last quarter. AQR Capital Management LLC boosted its position in Unum Group by 32.4% in the first quarter. AQR Capital Management LLC now owns 5,699,745 shares of the financial services provider’s stock worth $267,262,000 after buying an additional 1,395,330 shares in the last quarter. Boston Partners boosted its position in Unum Group by 16.6% in the first quarter. Boston Partners now owns 9,564,880 shares of the financial services provider’s stock worth $448,498,000 after buying an additional 1,358,289 shares in the last quarter. Prudential Financial Inc. boosted its position in Unum Group by 75.8% in the first quarter. Prudential Financial Inc. now owns 2,381,719 shares of the financial services provider’s stock worth $111,679,000 after buying an additional 1,026,653 shares in the last quarter. Finally, Systematic Financial Management LP boosted its position in Unum Group by 181.1% in the first quarter. Systematic Financial Management LP now owns 1,362,845 shares of the financial services provider’s stock worth $63,904,000 after buying an additional 878,031 shares in the last quarter. 92.84% of the stock is owned by institutional investors and hedge funds.
Shares of Unum Group (NYSE:UNM) opened at 48.55 on Friday. Unum Group has a 52-week low of $33.98 and a 52-week high of $51.43. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 11.69 and a beta of 1.56. The company’s 50-day moving average is $48.81 and its 200 day moving average is $47.25.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the business earned $1.00 earnings per share. On average, analysts expect that Unum Group will post $4.17 earnings per share for the current fiscal year.
Unum Group announced that its board has authorized a stock buyback program on Thursday, May 25th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, July 31st were paid a $0.23 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.89%. This is a boost from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s dividend payout ratio (DPR) is currently 22.17%.
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Several brokerages recently issued reports on UNM. BidaskClub raised shares of Unum Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Royal Bank Of Canada reissued a “hold” rating and set a $50.00 target price on shares of Unum Group in a report on Friday, April 28th. Zacks Investment Research cut shares of Unum Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $46.56.
In other Unum Group news, EVP Breege A. Farrell sold 15,000 shares of Unum Group stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $45.47, for a total transaction of $682,050.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Pamela H. Godwin sold 2,500 shares of Unum Group stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.71, for a total value of $126,775.00. The disclosure for this sale can be found here. Insiders sold a total of 19,960 shares of company stock worth $932,391 in the last three months. 0.53% of the stock is currently owned by company insiders.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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