Unum Group (UNM) Shares Bought by Assenagon Asset Management S.A.
Assenagon Asset Management S.A. boosted its stake in shares of Unum Group (NYSE:UNM) by 52.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,831 shares of the financial services provider’s stock after buying an additional 7,158 shares during the period. Assenagon Asset Management S.A.’s holdings in Unum Group were worth $971,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Unum Group by 1.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,434 shares of the financial services provider’s stock valued at $114,000 after buying an additional 29 shares during the period. Crestwood Advisors Group LLC purchased a new stake in shares of Unum Group during the first quarter valued at approximately $150,000. Coastline Trust Co purchased a new stake in shares of Unum Group during the first quarter valued at approximately $202,000. Federated Investors Inc. PA increased its stake in shares of Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock valued at $191,000 after buying an additional 4,346 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Unum Group by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,366 shares of the financial services provider’s stock valued at $205,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 93.02% of the company’s stock.
Unum Group (UNM) traded down 0.25% during midday trading on Thursday, reaching $48.02. 189,324 shares of the company’s stock were exchanged. Unum Group has a 1-year low of $32.05 and a 1-year high of $50.27. The firm’s 50-day moving average is $46.54 and its 200 day moving average is $46.51. The stock has a market cap of $10.96 billion, a P/E ratio of 11.79 and a beta of 1.55.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The company had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Unum Group had a net margin of 8.54% and a return on equity of 10.23%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. Equities analysts anticipate that Unum Group will post $4.10 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, July 31st will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Thursday, July 27th. This is a boost from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s dividend payout ratio is 19.61%.
Unum Group announced that its Board of Directors has approved a share buyback program on Thursday, May 25th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 7.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Several brokerages recently commented on UNM. Royal Bank Of Canada restated a “hold” rating on shares of Unum Group in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research downgraded shares of Unum Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Finally, Deutsche Bank AG upped their price target on shares of Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Unum Group currently has a consensus rating of “Hold” and an average price target of $45.10.
In other news, EVP Breege A. Farrell sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $45.47, for a total value of $682,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Q. Simonds sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $46.61, for a total transaction of $233,050.00. The disclosure for this sale can be found here. Insiders sold 20,260 shares of company stock valued at $927,174 in the last quarter. Corporate insiders own 0.53% of the company’s stock.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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