22,025 Shares in Unum Group (NYSE:UNM) Purchased by Jump Financial LLC

Jump Financial LLC purchased a new stake in shares of Unum Group (NYSE:UNM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 22,025 shares of the financial services provider’s stock, valued at approximately $1,608,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Unum Group by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider’s stock valued at $1,496,939,000 after purchasing an additional 1,596,078 shares during the period. Norges Bank purchased a new position in Unum Group during the fourth quarter worth about $1,003,918,000. Charles Schwab Investment Management Inc. increased its stake in Unum Group by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider’s stock worth $405,481,000 after acquiring an additional 51,744 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Unum Group by 23.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,462,917 shares of the financial services provider’s stock valued at $106,837,000 after acquiring an additional 276,655 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of Unum Group by 44.9% during the fourth quarter. Allianz Asset Management GmbH now owns 1,264,994 shares of the financial services provider’s stock worth $92,383,000 after purchasing an additional 392,191 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Lisa G. Iglesias sold 7,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the sale, the executive vice president now owns 31,284 shares in the company, valued at approximately $2,588,751. The trade was a 18.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the completion of the transaction, the chief executive officer now owns 980,637 shares of the company’s stock, valued at approximately $80,402,427.63. The trade was a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

Unum Group Stock Performance

Shares of UNM stock opened at $75.85 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $77.76 and a 200 day moving average of $73.45. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 1.14 and a beta of 0.46. Unum Group has a 52 week low of $48.38 and a 52 week high of $84.48.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. As a group, research analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group announced that its board has authorized a stock repurchase program on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, April 25th. Unum Group’s dividend payout ratio is currently 17.74%.

Analysts Set New Price Targets

A number of equities analysts have commented on UNM shares. Wells Fargo & Company cut their price target on shares of Unum Group from $97.00 to $95.00 and set an “overweight” rating for the company in a research note on Thursday, April 10th. Barclays increased their price objective on Unum Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Raymond James upgraded shares of Unum Group from a “market perform” rating to a “strong-buy” rating and set a $108.00 price target on the stock in a research report on Wednesday, March 5th. UBS Group upped their price objective on shares of Unum Group from $75.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Finally, Morgan Stanley boosted their price target on shares of Unum Group from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.36.

About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.