Ossiam Has $231,000 Position in Unum Group (NYSE:UNM)

Ossiam decreased its stake in Unum Group (NYSE:UNM) by 17.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,161 shares of the financial services provider’s stock after selling 665 shares during the period. Ossiam’s holdings in Unum Group were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barrett & Company Inc. raised its holdings in Unum Group by 300.0% during the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Unum Group during the fourth quarter worth $38,000. Millstone Evans Group LLC bought a new position in Unum Group during the fourth quarter worth $45,000. Versant Capital Management Inc lifted its holdings in Unum Group by 26.4% in the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock valued at $56,000 after buying an additional 160 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Unum Group in the third quarter valued at $58,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Unum Group

In other news, CEO Richard P. Mckenney sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the completion of the sale, the chief executive officer now owns 980,637 shares in the company, valued at $80,402,427.63. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value of $579,250.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.

Unum Group Stock Performance

Shares of UNM opened at $77.33 on Wednesday. The firm has a market capitalization of $13.63 billion, a P/E ratio of 8.17, a P/E/G 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 $84.67. The stock has a 50 day moving average price of $77.78 and a two-hundred day moving average price of $73.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29.

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

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

Unum Group Dividend Announcement

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 issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.17%. Unum Group’s dividend payout ratio is currently 17.74%.

Analyst Ratings Changes

Several research analysts have recently weighed in on UNM shares. Raymond James raised Unum Group from a “market perform” rating to a “strong-buy” rating and set a $108.00 price objective for the company in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods dropped their price target on Unum Group from $103.00 to $102.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Barclays increased their price target on Unum Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Morgan Stanley lifted their price objective on shares of Unum Group from $80.00 to $84.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, UBS Group increased their target price on shares of Unum Group from $75.00 to $91.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.36.

Unum Group Profile

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.