Unum Group (UNM) Shares Bought by Stephens Inc. AR
Stephens Inc. AR lifted its stake in shares of Unum Group (NYSE:UNM) by 5.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,615 shares of the financial services provider’s stock after buying an additional 1,122 shares during the quarter. Stephens Inc. AR’s holdings in Unum Group were worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Riverhead Capital Management LLC increased its position in shares of Unum Group by 4.1% during the second quarter. Riverhead Capital Management LLC now owns 133,127 shares of the financial services provider’s stock valued at $6,208,000 after buying an additional 5,232 shares during the period. Capital Fund Management S.A. purchased a new position in shares of Unum Group during the second quarter valued at about $3,222,000. Jacobi Capital Management LLC purchased a new position in shares of Unum Group during the second quarter valued at about $159,000. Aberdeen Asset Management PLC UK increased its position in shares of Unum Group by 10.7% during the second quarter. Aberdeen Asset Management PLC UK now owns 116,254 shares of the financial services provider’s stock valued at $5,421,000 after buying an additional 11,215 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Unum Group by 1.1% during the second quarter. Franklin Resources Inc. now owns 56,240 shares of the financial services provider’s stock valued at $2,623,000 after buying an additional 623 shares during the period. Institutional investors own 92.37% of the company’s stock.
Several brokerages recently issued reports on UNM. BidaskClub upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Barclays PLC boosted their price target on shares of Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Wells Fargo & Company reiterated a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. Finally, ValuEngine upgraded shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.56.
In other news, EVP Breege A. Farrell sold 15,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $45.47, for a total value of $682,050.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela H. Godwin sold 2,500 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were 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. In the last 90 days, insiders sold 19,960 shares of company stock valued at $932,391. Company insiders own 0.53% of the company’s stock.
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Shares of Unum Group (NYSE UNM) opened at 48.43 on Friday. The firm has a 50-day moving average of $48.87 and a 200-day moving average of $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 one year low of $33.98 and a one 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, beating 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 business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the business posted $1.00 EPS. On average, equities research analysts expect that Unum Group will post $4.17 earnings per share for the current fiscal year.
Unum Group announced that its board has approved a stock repurchase plan on Thursday, May 25th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the financial services provider to buy up to 7.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently declared 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 of this dividend was Thursday, July 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.90%. This is a positive change from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s payout ratio is currently 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.
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