Mutual of America Capital Management LLC Has $5.63 Million Stock Holdings in Unum Group $UNM

Mutual of America Capital Management LLC trimmed its holdings in Unum Group (NYSE:UNM) by 9.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,363 shares of the financial services provider’s stock after selling 7,412 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Unum Group were worth $5,628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Unum Group in the fourth quarter worth about $247,000. Perigon Wealth Management LLC increased its holdings in shares of Unum Group by 7.1% in the second quarter. Perigon Wealth Management LLC now owns 2,987 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 198 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Unum Group by 133.9% in the second quarter. State of Alaska Department of Revenue now owns 45,027 shares of the financial services provider’s stock valued at $3,635,000 after purchasing an additional 25,775 shares in the last quarter. GC Wealth Management RIA LLC bought a new position in Unum Group in the 2nd quarter worth approximately $271,000. Finally, Consolidated Planning Corp lifted its holdings in Unum Group by 5.8% during the 2nd quarter. Consolidated Planning Corp now owns 75,090 shares of the financial services provider’s stock worth $6,064,000 after buying an additional 4,135 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Performance

Shares of NYSE:UNM opened at $76.30 on Thursday. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.35 and a beta of 0.20. The firm’s 50 day simple moving average is $77.03 and its 200 day simple moving average is $75.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.36 and a quick ratio of 0.36. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48.

Unum Group (NYSE:UNM) last issued its earnings results on Monday, November 3rd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.06). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a net margin of 6.99% and a return on equity of 13.09%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 EPS. As a group, sell-side analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group declared that its board has authorized a stock buyback plan on Thursday, December 4th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 8.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, January 30th. Unum Group’s dividend payout ratio (DPR) is presently 35.87%.

Insiders Place Their Bets

In other news, EVP Christopher W. Pyne sold 4,000 shares of Unum Group stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $78.04, for a total transaction of $312,160.00. Following the transaction, the executive vice president owned 51,372 shares in the company, valued at $4,009,070.88. The trade was a 7.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total value of $66,150.00. Following the completion of the transaction, the chief accounting officer owned 8,940 shares of the company’s stock, valued at $657,090. This represents a 9.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 12,400 shares of company stock worth $951,160. Corporate insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their target price on Unum Group from $96.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Wells Fargo & Company lifted their price objective on Unum Group from $98.00 to $104.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. cut their target price on shares of Unum Group from $94.00 to $92.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 4th. Citigroup reaffirmed a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $115.00 price objective on shares of Unum Group in a report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.08.

Unum Group Company Profile

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.