Aberdeen Asset Management PLC UK boosted its position in Unum Group (NYSE:UNM) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,254 shares of the financial services provider’s stock after purchasing an additional 11,215 shares during the period. Aberdeen Asset Management PLC UK owned 0.05% of Unum Group worth $5,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its holdings in Unum Group by 1.2% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,434 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 29 shares in the last quarter. HM Payson & Co. increased its holdings in Unum Group by 0.5% in the 2nd quarter. HM Payson & Co. now owns 12,527 shares of the financial services provider’s stock worth $584,000 after purchasing an additional 62 shares in the last quarter. Honkamp Krueger Financial Services Inc. increased its holdings in Unum Group by 0.3% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 26,338 shares of the financial services provider’s stock worth $1,228,000 after purchasing an additional 81 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Unum Group by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 100 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. increased its holdings in Unum Group by 0.6% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 15,954 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 100 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on UNM shares. BidaskClub raised Unum Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Finally, ValuEngine raised Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Unum Group presently has an average rating of “Hold” and a consensus price target of $46.56.

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In other 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 value of $682,050.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total value of $123,565.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,960 shares of company stock worth $932,391. Company insiders own 0.53% of the company’s stock.

Shares of Unum Group (UNM) opened at 48.43 on Friday. The firm has a 50 day moving average price of $48.87 and a 200-day moving average price of $47.23. Unum Group has a 52-week low of $33.98 and a 52-week high of $51.43. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 11.66 and a beta of 1.57.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.80 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. During the same quarter in the previous year, the business earned $1.00 earnings per share. Equities research analysts anticipate that Unum Group will post $4.17 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, July 31st were issued a $0.23 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.90%. This is an increase from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s payout ratio is currently 22.17%.

Unum Group declared that its board has approved a stock buyback program on Thursday, May 25th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 7.2% 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 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.

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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