Unum Group (UNM) Shares Bought by Oakbrook Investments LLC
Oakbrook Investments LLC lifted its stake in Unum Group (NYSE:UNM) by 72.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,080 shares of the financial services provider’s stock after purchasing an additional 7,200 shares during the quarter. Oakbrook Investments LLC’s holdings in Unum Group were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of UNM. BB&T Investment Services Inc. acquired a new position in Unum Group in the second quarter worth approximately $100,000. Invictus RG acquired a new position in Unum Group in the third quarter worth approximately $176,000. Keel Point LLC acquired a new position in Unum Group in the third quarter worth approximately $202,000. Schulhoff & Co. Inc. acquired a new position in Unum Group in the third quarter worth approximately $204,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Unum Group in the third quarter worth approximately $205,000. 91.75% of the stock is owned by institutional investors and hedge funds.
In other Unum Group news, EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.24, for a total transaction of $417,880.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director E Michael Caulfield sold 3,814 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,710 shares of company stock worth $1,403,663. Corporate insiders own 0.53% of the company’s stock.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. equities research analysts forecast that Unum Group will post 4.23 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, January 29th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 26th. This represents a $0.92 annualized dividend and a yield of 1.64%. Unum Group’s dividend payout ratio (DPR) is presently 21.60%.
UNM has been the topic of a number of research reports. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 25th. SunTrust Banks restated a “buy” rating and issued a $58.00 price objective on shares of Unum Group in a report on Wednesday, September 27th. Morgan Stanley increased their price objective on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Royal Bank of Canada restated a “hold” rating and issued a $51.00 price objective on shares of Unum Group in a report on Tuesday, October 10th. Finally, Goldman Sachs Group initiated coverage on Unum Group in a report on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Unum Group presently has an average rating of “Hold” and a consensus target price of $56.00.
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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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