Signaturefd LLC Decreases Position in Unum Group (NYSE:UNM)

Signaturefd LLC decreased its position in shares of Unum Group (NYSE:UNM) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,136 shares of the financial services provider’s stock after selling 687 shares during the quarter. Signaturefd LLC’s holdings in Unum Group were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in Unum Group by 1.9% in the 3rd quarter. FMR LLC now owns 12,585,614 shares of the financial services provider’s stock valued at $619,086,000 after acquiring an additional 236,136 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Unum Group by 9.7% during the third quarter. AQR Capital Management LLC now owns 3,545,767 shares of the financial services provider’s stock valued at $174,416,000 after purchasing an additional 313,482 shares in the last quarter. LSV Asset Management boosted its position in shares of Unum Group by 2.6% during the third quarter. LSV Asset Management now owns 2,856,877 shares of the financial services provider’s stock valued at $140,530,000 after buying an additional 71,561 shares during the last quarter. Nordea Investment Management AB increased its holdings in Unum Group by 79.8% in the 4th quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider’s stock worth $88,616,000 after buying an additional 866,531 shares in the last quarter. Finally, Invesco Ltd. raised its position in Unum Group by 16.0% in the 3rd quarter. Invesco Ltd. now owns 1,715,656 shares of the financial services provider’s stock worth $84,393,000 after buying an additional 236,261 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Insiders Place Their Bets

In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the completion of the transaction, the chief financial officer now directly owns 122,246 shares in the company, valued at $6,241,880.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total transaction of $510,600.00. Following the sale, the chief financial officer now directly owns 122,246 shares of the company’s stock, valued at $6,241,880.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,000 shares of company stock worth $4,018,100. Company insiders own 0.93% of the company’s stock.

Unum Group Trading Up 0.8 %

Shares of UNM stock opened at $51.79 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.03 and a beta of 0.87. Unum Group has a 1 year low of $40.04 and a 1 year high of $54.57. The firm has a fifty day moving average price of $51.03 and a 200-day moving average price of $47.59.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.07). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.14 billion. Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. As a group, equities analysts predict that Unum Group will post 8.18 earnings per share for the current year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s dividend payout ratio is 22.50%.

Analyst Upgrades and Downgrades

UNM has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Company increased their price target on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. The Goldman Sachs Group lifted their price objective on Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. increased their target price on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.38.

Unum Group Company 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.