Unum Group $UNM Shares Sold by IFG Advisory LLC

IFG Advisory LLC lowered its stake in shares of Unum Group (NYSE:UNM) by 3.2% in the second quarter, Holdings Channel reports. The institutional investor owned 106,474 shares of the financial services provider’s stock after selling 3,474 shares during the quarter. IFG Advisory LLC’s holdings in Unum Group were worth $8,599,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UNM. Invesco Ltd. raised its stake in shares of Unum Group by 155.6% in the 1st quarter. Invesco Ltd. now owns 2,278,473 shares of the financial services provider’s stock valued at $185,604,000 after purchasing an additional 1,387,139 shares in the last quarter. Nuveen LLC bought a new stake in Unum Group in the first quarter valued at about $93,287,000. Teewinot Capital Advisers L.L.C. acquired a new position in shares of Unum Group in the 1st quarter worth approximately $58,881,000. Adage Capital Partners GP L.L.C. raised its holdings in shares of Unum Group by 65.2% during the first quarter. Adage Capital Partners GP L.L.C. now owns 950,000 shares of the financial services provider’s stock worth $77,387,000 after purchasing an additional 375,000 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Unum Group during the second quarter worth $27,601,000. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UNM shares. JPMorgan Chase & Co. upped their price target on shares of Unum Group from $87.00 to $96.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Morgan Stanley lifted their price target on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 target price (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Wells Fargo & Company lowered their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Finally, Wolfe Research raised Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and an average target price of $93.23.

Unum Group Price Performance

Shares of Unum Group stock opened at $73.49 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $74.89 and its two-hundred day moving average price is $76.91. Unum Group has a 52 week low of $63.84 and a 52 week high of $84.48. The stock has a market cap of $12.52 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.23 and a beta of 0.36.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a return on equity of 13.44% and a net margin of 11.77%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.16 earnings per share. As a group, sell-side analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.5%. Unum Group’s payout ratio is 22.01%.

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.