Deutsche Bank AG Has $20.98 Million Stake in Unum Group (NYSE:UNM)

Deutsche Bank AG lifted its stake in Unum Group (NYSE:UNM) by 258.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 287,218 shares of the financial services provider’s stock after purchasing an additional 207,110 shares during the quarter. Deutsche Bank AG’s holdings in Unum Group were worth $20,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Barrett & Company Inc. increased its stake in Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock valued at $29,000 after buying an additional 297 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Unum Group in the fourth quarter worth $38,000. Millstone Evans Group LLC purchased a new stake in shares of Unum Group during the fourth quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 179 shares in the last quarter. Finally, Duncker Streett & Co. Inc. acquired a new stake in Unum Group during the fourth quarter valued at $58,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets upped their target price on Unum Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Barclays boosted their price target on Unum Group from $85.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. UBS Group raised their price objective on shares of Unum Group from $75.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their target price on shares of Unum Group from $103.00 to $102.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their price target on shares of Unum Group from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.50.

Unum Group Stock Down 1.5%

Unum Group stock opened at $79.70 on Thursday. Unum Group has a fifty-two week low of $48.38 and a fifty-two week high of $84.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.14 and a beta of 0.38. The firm has a fifty day moving average price of $78.43 and a two-hundred day moving average price of $75.43.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the firm earned $2.12 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, April 25th. Unum Group’s dividend payout ratio (DPR) is currently 19.79%.

Unum Group announced that its Board of Directors has authorized a stock buyback program on Tuesday, February 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to buy up to 7.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at Unum Group

In other news, EVP Lisa G. Iglesias sold 7,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the transaction, the executive vice president now directly owns 51,170 shares of the company’s stock, valued at $4,093,600. This represents a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock worth $5,478,750 in the last ninety days. 0.92% of the stock is currently owned by insiders.

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.