Investec Asset Management LTD cut its stake in shares of Unum Group (NYSE:UNM) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,901,586 shares of the financial services provider’s stock after selling 10,673 shares during the quarter. Investec Asset Management LTD owned 0.84% of Unum Group worth $88,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in UNM. Acadian Asset Management LLC grew its holdings in shares of Unum Group by 3,723.3% during the 1st quarter. Acadian Asset Management LLC now owns 6,882 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 6,702 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Unum Group by 16.1% during the 1st quarter. Russell Investments Group Ltd. now owns 86,389 shares of the financial services provider’s stock worth $4,050,000 after acquiring an additional 11,977 shares during the last quarter. World Asset Management Inc grew its holdings in Unum Group by 8.5% during the 1st quarter. World Asset Management Inc now owns 24,374 shares of the financial services provider’s stock worth $1,143,000 after acquiring an additional 1,911 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Unum Group by 6.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 664,844 shares of the financial services provider’s stock worth $31,175,000 after acquiring an additional 38,887 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Unum Group by 27.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,004 shares of the financial services provider’s stock worth $797,000 after acquiring an additional 3,698 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

In other Unum Group news, EVP Breege A. Farrell sold 15,000 shares of Unum Group stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $45.47, for a total transaction of $682,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pamela H. Godwin sold 2,500 shares of Unum Group stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $50.71, for a total transaction of $126,775.00. The disclosure for this sale can be found here. Insiders have sold 19,960 shares of company stock worth $932,391 over the last three months. Insiders own 0.53% of the company’s stock.

UNM has been the topic of a number of research reports. BidaskClub raised shares of Unum Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Wednesday, June 28th. Royal Bank Of Canada reissued a “hold” rating on shares of Unum Group in a report on Wednesday, July 12th. Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Finally, Barclays PLC boosted their target price on shares of Unum Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Two investment 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. The stock has a consensus rating of “Hold” and a consensus price target of $46.56.

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Unum Group (NYSE:UNM) traded up 0.77% during midday trading on Friday, hitting $48.43. 1,962,278 shares of the stock were exchanged. The company’s 50 day moving average is $48.87 and its 200-day moving average is $47.23. The stock has a market cap of $10.93 billion, a PE ratio of 11.66 and a beta of 1.57. Unum Group has a 1-year low of $33.98 and a 1-year high of $51.43.

Unum Group (NYSE:UNM) last posted 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. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period last year, the firm posted $1.00 earnings per share. On average, analysts expect that Unum Group will post $4.17 earnings per share for the current year.

Unum Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 25th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 7.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, July 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, July 27th. This is an increase from Unum Group’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 1.90%. Unum Group’s dividend payout ratio (DPR) is 22.17%.

Unum Group 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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