Bokf Na Has $2.25 Million Stock Holdings in Unum Group (NYSE:UNM)

Bokf Na boosted its position in Unum Group (NYSE:UNM) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,779 shares of the financial services provider’s stock after buying an additional 660 shares during the quarter. Bokf Na’s holdings in Unum Group were worth $2,251,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in Unum Group by 7.1% in the 1st quarter. GAMMA Investing LLC now owns 3,071 shares of the financial services provider’s stock valued at $165,000 after buying an additional 204 shares during the last quarter. Caprock Group LLC increased its position in shares of Unum Group by 3.0% during the 4th quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 230 shares during the last quarter. FinTrust Capital Advisors LLC increased its position in shares of Unum Group by 20.4% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,457 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 247 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Unum Group by 2.8% during the 4th quarter. Bank of Nova Scotia now owns 9,193 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 249 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in shares of Unum Group by 1.7% during the 4th quarter. SummerHaven Investment Management LLC now owns 15,373 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 251 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In other news, EVP Christopher W. Pyne sold 4,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the transaction, the executive vice president now owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Unum Group news, Director Timothy F. Keaney sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total value of $420,880.00. Following the completion of the transaction, the director now owns 37,505 shares of the company’s stock, valued at approximately $1,973,138.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 4,500 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.

Unum Group Price Performance

NYSE UNM traded up $0.28 during midday trading on Friday, hitting $53.24. The company had a trading volume of 1,059,969 shares, compared to its average volume of 1,146,916. The company has a market capitalization of $10.08 billion, a PE ratio of 7.91, a P/E/G ratio of 1.06 and a beta of 0.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $51.72 and a 200-day moving average price of $50.68. Unum Group has a twelve month low of $41.75 and a twelve month high of $54.66.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the firm earned $1.87 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Unum Group will post 8.25 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, July 26th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, July 26th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.16%. This is a boost from Unum Group’s previous quarterly dividend of $0.37. Unum Group’s payout ratio is 24.96%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UNM. Jefferies Financial Group lifted their target price on Unum Group from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Evercore ISI lifted their target price on Unum Group from $56.00 to $58.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 26th. Morgan Stanley lifted their target price on Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Wells Fargo & Company boosted their price target on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Piper Sandler assumed coverage on Unum Group in a research note on Thursday, July 11th. They issued an “overweight” rating and a $57.00 price target for the company. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and a consensus target price of $60.44.

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.