Oakworth Capital Inc. Grows Holdings in Unum Group (NYSE:UNM)

Oakworth Capital Inc. raised its position in Unum Group (NYSE:UNM) by 597.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,751 shares of the financial services provider’s stock after buying an additional 1,500 shares during the period. Oakworth Capital Inc.’s holdings in Unum Group were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNM. Dimensional Fund Advisors LP lifted its holdings in shares of Unum Group by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,875,403 shares of the financial services provider’s stock valued at $143,237,000 after purchasing an additional 396,764 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Unum Group by 15.1% during the fourth quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock valued at $98,111,000 after purchasing an additional 438,390 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Unum Group during the first quarter valued at approximately $688,000. Nisa Investment Advisors LLC lifted its holdings in shares of Unum Group by 1.5% during the first quarter. Nisa Investment Advisors LLC now owns 54,641 shares of the financial services provider’s stock valued at $1,849,000 after purchasing an additional 800 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in shares of Unum Group by 0.5% during the first quarter. Foundry Partners LLC now owns 344,160 shares of the financial services provider’s stock valued at $11,643,000 after purchasing an additional 1,666 shares during the last quarter. 93.51% of the stock is owned by institutional investors.

Several research firms have recently issued reports on UNM. TheStreet lowered shares of Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. Morgan Stanley lowered their target price on shares of Unum Group from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Credit Suisse Group began coverage on shares of Unum Group in a report on Wednesday, July 10th. They set an “underperform” rating for the company. Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a report on Thursday, May 30th. Finally, ValuEngine lowered shares of Unum Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Unum Group has a consensus rating of “Hold” and a consensus target price of $39.00.

NYSE UNM traded up $0.53 during mid-day trading on Monday, reaching $27.22. The stock had a trading volume of 54,273 shares, compared to its average volume of 2,051,502. Unum Group has a 1 year low of $25.69 and a 1 year high of $40.76. The stock has a market cap of $5.37 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.52 and a beta of 1.50. The company has a fifty day moving average price of $31.72 and a 200 day moving average price of $34.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.17 and a quick ratio of 0.17.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.02. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the business earned $1.30 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Unum Group will post 5.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, July 29th were issued a $0.285 dividend. This is a positive change from Unum Group’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Friday, July 26th. Unum Group’s payout ratio is presently 21.92%.

In other Unum Group news, Director Gloria C. Larson sold 1,602 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total transaction of $53,747.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

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.

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

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