Legal & General Group Plc reduced its stake in shares of Unum Group (NYSE:UNM) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,166,226 shares of the company’s stock after selling 1,151 shares during the period. Legal & General Group Plc owned 0.49% of Unum Group worth $36,064,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor Partners LLC increased its position in Unum Group by 6.0% in the first quarter. Advisor Partners LLC now owns 7,130 shares of the company’s stock worth $220,000 after buying an additional 402 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Unum Group by 3.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 7,468 shares of the company’s stock worth $231,000 after buying an additional 262 shares in the last quarter. Citizens Financial Group Inc RI increased its position in Unum Group by 22.7% in the first quarter. Citizens Financial Group Inc RI now owns 9,351 shares of the company’s stock worth $289,000 after buying an additional 1,731 shares in the last quarter. Delta Asset Management LLC TN increased its position in Unum Group by 3.2% in the first quarter. Delta Asset Management LLC TN now owns 9,735 shares of the company’s stock worth $301,000 after buying an additional 300 shares in the last quarter. Finally, HBK Investments L P increased its position in Unum Group by 168.2% in the first quarter. HBK Investments L P now owns 17,700 shares of the company’s stock worth $547,000 after buying an additional 11,100 shares in the last quarter.
Shares of Unum Group (NYSE:UNM) traded up 3.90% during trading on Thursday, reaching $33.57. 2,310,361 shares of the company were exchanged. The company has a market capitalization of $7.98 billion and a price-to-earnings ratio of 9.48. Unum Group has a 1-year low of $23.99 and a 1-year high of $37.46. The stock’s 50 day moving average is $32.70 and its 200 day moving average is $31.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, July 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, July 27th. This is a boost from Unum Group’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a yield of 2.38%.
A number of research firms have recently weighed in on UNM. Morgan Stanley increased their target price on shares of Unum Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday. Barclays PLC raised their price objective on shares of Unum Group from $35.00 to $41.00 and gave the stock an “overweight” rating in a report on Thursday, April 28th. FBR & Co downgraded shares of Unum Group from a “market perform” rating to an “underperform” rating and set a $31.00 price target for the company. in a report on Monday, July 11th. Deutsche Bank AG cut their price target on shares of Unum Group from $38.00 to $33.00 and set a “hold” rating for the company in a report on Thursday, July 7th. Finally, Citigroup Inc. cut their price target on shares of Unum Group from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $35.67.
In other Unum Group news, Director Thomas R. Watjen sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $34.16, for a total transaction of $1,366,400.00. Following the completion of the sale, the director now directly owns 213,630 shares of the company’s stock, valued at $7,297,600.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Timothy Gerald Arnold sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $36.99, for a total transaction of $59,184.00. Following the sale, the chief executive officer now directly owns 17,199 shares of the company’s stock, valued at $636,191.01. The disclosure for this sale can be found here.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
