The Manufacturers Life Insurance Company lifted its holdings in shares of Unum Group (NYSE:UNM) by 11.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 273,147 shares of the financial services provider’s stock after acquiring an additional 28,259 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.12% of Unum Group worth $12,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UNM. Janus Henderson Group PLC boosted its stake in shares of Unum Group by 8,280.8% during the 2nd quarter. Janus Henderson Group PLC now owns 2,062,519 shares of the financial services provider’s stock worth $96,175,000 after acquiring an additional 2,037,909 shares during the period. AQR Capital Management LLC boosted its stake in shares of Unum Group by 32.4% during the 1st quarter. AQR Capital Management LLC now owns 5,699,745 shares of the financial services provider’s stock worth $267,262,000 after acquiring an additional 1,395,330 shares during the period. Janus Capital Management LLC boosted its stake in shares of Unum Group by 177.8% during the 1st quarter. Janus Capital Management LLC now owns 1,246,145 shares of the financial services provider’s stock worth $58,432,000 after acquiring an additional 797,551 shares during the period. Prudential Financial Inc. boosted its stake in shares of Unum Group by 30.5% during the 2nd quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock worth $144,982,000 after acquiring an additional 727,487 shares during the period. Finally, Balyasny Asset Management LLC boosted its stake in shares of Unum Group by 370.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 874,161 shares of the financial services provider’s stock worth $40,762,000 after acquiring an additional 688,176 shares during the period. Institutional investors own 92.20% of the company’s stock.

Several analysts recently weighed in on UNM shares. Morgan Stanley lifted their price target on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Wednesday, September 6th. BidaskClub cut Unum Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine raised Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $51.00.

Unum Group (NYSE:UNM) opened at 52.29 on Friday. The firm has a market capitalization of $11.80 billion, a PE ratio of 12.59 and a beta of 1.59. Unum Group has a one year low of $34.83 and a one year high of $52.91. The firm has a 50-day moving average price of $50.38 and a 200 day moving average price of $47.90.

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 Zacks’ consensus estimate of $1.01 by $0.04. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the company earned $1.00 earnings per share. Analysts anticipate that Unum Group will post $4.17 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, October 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, October 27th. Unum Group’s payout ratio is currently 22.17%.

In other news, Director Pamela H. Godwin sold 2,500 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.71, for a total value of $126,775.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gloria C. Larson sold 2,460 shares of the firm’s stock in a transaction on 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. 0.53% of the stock is owned by company insiders.

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

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