State of Alaska Department of Revenue Increases Stock Position in Unum Group (NYSE:UNM)

State of Alaska Department of Revenue grew its stake in shares of Unum Group (NYSE:UNM) by 6.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,860 shares of the financial services provider’s stock after acquiring an additional 4,186 shares during the quarter. State of Alaska Department of Revenue’s holdings in Unum Group were worth $2,308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNM. AE Wealth Management LLC boosted its holdings in shares of Unum Group by 11.0% in the second quarter. AE Wealth Management LLC now owns 14,296 shares of the financial services provider’s stock worth $480,000 after buying an additional 1,414 shares during the last quarter. FDx Advisors Inc. purchased a new position in Unum Group during the second quarter valued at approximately $202,000. Grace & White Inc. NY lifted its holdings in Unum Group by 0.6% during the second quarter. Grace & White Inc. NY now owns 585,690 shares of the financial services provider’s stock valued at $19,650,000 after purchasing an additional 3,400 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Unum Group by 1.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 968,590 shares of the financial services provider’s stock valued at $32,497,000 after purchasing an additional 14,480 shares in the last quarter. Finally, Focused Wealth Management Inc lifted its holdings in Unum Group by 80.0% during the second quarter. Focused Wealth Management Inc now owns 6,350 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 2,822 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.

UNM has been the topic of several analyst reports. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a report on Thursday, May 30th. Credit Suisse Group initiated coverage on shares of Unum Group in a report on Wednesday, July 10th. They set an “underperform” rating on the stock. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. ValuEngine downgraded shares of Unum Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Finally, Morgan Stanley lowered their price target on shares of Unum Group from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Unum Group has an average rating of “Hold” and an average target price of $40.00.

Shares of Unum Group stock traded down $0.22 on Friday, hitting $29.69. 1,744,885 shares of the company traded hands, compared to its average volume of 2,094,899. The firm has a market cap of $6.24 billion, a PE ratio of 5.71, a P/E/G ratio of 0.61 and a beta of 1.50. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.35. Unum Group has a 52 week low of $26.76 and a 52 week high of $40.76. The company’s 50-day moving average price is $33.01.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.02. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share. As a group, research analysts anticipate that Unum Group will post 5.45 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, July 29th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.14 annualized dividend and a dividend yield of 3.84%. This is a boost from Unum Group’s previous quarterly dividend of $0.26. Unum Group’s dividend payout ratio (DPR) is presently 21.92%.

In other news, Director Gloria C. Larson sold 1,602 shares of Unum Group stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total transaction of $53,747.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, 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.

Further Reading: Cost of equity and a company’s balance sheet

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.