Fulton Bank N.A. grew its position in Unum Group (NYSE:UNM) by 11.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,922 shares of the financial services provider’s stock after purchasing an additional 4,966 shares during the period. Fulton Bank N.A.’s holdings in Unum Group were worth $1,306,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in Unum Group by 1,543.3% in the 4th quarter. Principal Financial Group Inc. now owns 7,948,836 shares of the financial services provider’s stock worth $182,346,000 after buying an additional 7,465,113 shares during the period. Norges Bank acquired a new stake in shares of Unum Group in the fourth quarter worth $61,944,000. Morgan Stanley raised its holdings in shares of Unum Group by 72.3% during the fourth quarter. Morgan Stanley now owns 2,486,275 shares of the financial services provider’s stock worth $57,035,000 after purchasing an additional 1,043,515 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Unum Group by 579.0% during the third quarter. JPMorgan Chase & Co. now owns 764,179 shares of the financial services provider’s stock valued at $12,755,000 after purchasing an additional 651,629 shares during the period. Finally, SummerHaven Investment Management LLC purchased a new stake in Unum Group in the fourth quarter valued at $579,000. 85.04% of the stock is currently owned by institutional investors and hedge funds.
Shares of Unum Group stock traded down $0.48 during mid-day trading on Thursday, reaching $27.49. 2,163 shares of the stock traded hands, compared to its average volume of 2,577,765. The business has a 50-day moving average of $27.56 and a 200 day moving average of $23.01. Unum Group has a fifty-two week low of $12.80 and a fifty-two week high of $30.34. The stock has a market capitalization of $5.60 billion, a PE ratio of 6.00, a PEG ratio of 0.54 and a beta of 1.78. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.31.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 19th. Stockholders of record on Friday, January 29th were given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, January 28th. Unum Group’s dividend payout ratio (DPR) is 20.99%.
In related news, CAO Cherie Pashley sold 5,000 shares of the stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $27.36, for a total value of $136,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Gerald Arnold sold 7,000 shares of Unum Group stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $28.53, for a total value of $199,710.00. The disclosure for this sale can be found here. Insiders have sold 58,040 shares of company stock worth $1,542,821 over the last 90 days. 0.49% of the stock is currently owned by company insiders.
UNM has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on Unum Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Thursday, April 1st. Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Unum Group from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday. Evercore ISI upgraded shares of Unum Group from an “underperform” rating to an “in-line” rating and upped their price objective for the stock from $18.00 to $25.00 in a research report on Friday, January 8th. Finally, Citigroup increased their target price on shares of Unum Group from $25.00 to $28.00 in a research note on Wednesday, March 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.56.
About Unum Group
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. 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.
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