Eaton Vance Management continued to hold its stake in shares of Unum Group (NYSE:UNM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,727 shares of the financial services provider’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Unum Group were worth $3,298,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Keybank National Association OH lifted its holdings in Unum Group by 4.6% during the first quarter. Keybank National Association OH now owns 24,107 shares of the financial services provider’s stock valued at $1,130,000 after purchasing an additional 1,067 shares in the last quarter. Achmea Investment Management B.V. purchased a new position in Unum Group during the first quarter valued at approximately $3,930,000. State of Tennessee Treasury Department lifted its holdings in Unum Group by 64.0% during the first quarter. State of Tennessee Treasury Department now owns 175,796 shares of the financial services provider’s stock valued at $8,244,000 after purchasing an additional 68,624 shares in the last quarter. Aviva PLC lifted its holdings in Unum Group by 0.5% during the second quarter. Aviva PLC now owns 144,311 shares of the financial services provider’s stock valued at $6,731,000 after purchasing an additional 690 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Unum Group by 30.5% during the second quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock valued at $144,982,000 after purchasing an additional 727,487 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.
UNM has been the topic of several analyst reports. BidaskClub raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Finally, ValuEngine raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Unum Group presently has a consensus rating of “Hold” and an average price target of $46.56.
In other news, Director Pamela H. Godwin sold 2,500 shares of the 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Breege A. Farrell sold 15,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $45.47, for a total value of $682,050.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,960 shares of company stock worth $932,391 in the last quarter. Insiders own 0.53% of the company’s stock.
Unum Group (NYSE UNM) opened at 48.43 on Friday. The stock has a market cap of $10.93 billion, a P/E ratio of 11.66 and a beta of 1.57. The stock has a 50 day moving average of $48.87 and a 200 day moving average of $47.23. Unum Group has a 12-month low of $33.98 and a 12-month high of $51.43.
Unum Group (NYSE:UNM) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm posted $1.00 EPS. On average, equities research analysts anticipate that Unum Group will post $4.17 earnings per share for the current fiscal year.
Unum Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 25th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 7.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, July 31st were given a dividend of $0.23 per share. This is a positive change from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.90%. Unum Group’s dividend payout ratio (DPR) is 22.17%.
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.
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