SummerHaven Investment Management LLC Purchases 251 Shares of Unum Group (NYSE:UNM)

SummerHaven Investment Management LLC boosted its position in Unum Group (NYSE:UNM) by 1.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,373 shares of the financial services provider’s stock after purchasing an additional 251 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Unum Group were worth $695,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of UNM. FMR LLC grew its stake in shares of Unum Group by 1.9% during the 3rd quarter. FMR LLC now owns 12,585,614 shares of the financial services provider’s stock worth $619,086,000 after acquiring an additional 236,136 shares in the last quarter. AQR Capital Management LLC grew its position in Unum Group by 9.7% in 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 increased its stake in Unum Group by 2.6% in the 3rd 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 stake 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 valued at $88,616,000 after buying an additional 866,531 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Unum Group by 16.0% during 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 in the last quarter. Institutional investors own 86.57% of the company’s stock.

Unum Group Trading Up 0.5 %

UNM stock opened at $51.01 on Tuesday. Unum Group has a one year low of $40.04 and a one year high of $54.57. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 1.02 and a beta of 0.87. The company has a fifty day moving average price of $51.38 and a two-hundred day moving average price of $47.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27.

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

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be given a dividend of $0.365 per share. The ex-dividend date is Thursday, April 25th. This represents a $1.46 annualized dividend and a yield of 2.86%. Unum Group’s dividend payout ratio (DPR) is presently 22.50%.

Insider Transactions at Unum Group

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

Wall Street Analyst Weigh In

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

Unum Group 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.