Sentinel Trust Co. LBA Has $5.28 Million Position in Unum Group (NYSE:UNM)
Sentinel Trust Co. LBA boosted its position in shares of Unum Group (NYSE:UNM) by 9.0% during the second quarter, Holdings Channel reports. The fund owned 113,138 shares of the financial services provider’s stock after buying an additional 9,332 shares during the period. Unum Group makes up about 0.9% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 24th largest position. Sentinel Trust Co. LBA’s holdings in Unum Group were worth $5,276,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its position in 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 worth $114,000 after buying an additional 29 shares during the last quarter. Crestwood Advisors Group LLC purchased a new position in Unum Group during the first quarter worth about $150,000. First Manhattan Co. boosted its position in Unum Group by 23.0% in the first quarter. First Manhattan Co. now owns 5,350 shares of the financial services provider’s stock worth $188,000 after buying an additional 1,000 shares during the last quarter. Federated Investors Inc. PA boosted its position in 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 worth $191,000 after buying an additional 4,346 shares during the last quarter. Finally, Coastline Trust Co purchased a new position in Unum Group during the first quarter worth about $202,000. Hedge funds and other institutional investors own 93.02% of the company’s stock.
Shares of Unum Group (NYSE:UNM) traded up 0.27% during midday trading on Friday, hitting $47.87. 365,008 shares of the stock were exchanged. The stock has a market cap of $10.92 billion, a P/E ratio of 11.75 and a beta of 1.55. The firm has a 50 day moving average of $46.62 and a 200-day moving average of $46.52. Unum Group has a 12 month low of $32.05 and a 12 month high of $50.27.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a net margin of 8.54% and a return on equity of 10.23%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 EPS. Equities research analysts anticipate that Unum Group will post $4.10 EPS for the current year.
Unum Group declared that its Board of Directors has initiated a stock buyback program on Thursday, May 25th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 7.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, July 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, July 27th. This is an increase from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s dividend payout ratio (DPR) is currently 19.61%.
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A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research cut shares of Unum Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Royal Bank Of Canada restated a “hold” rating on shares of Unum Group in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG boosted their price objective 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 research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.10.
In related news, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $46.61, for a total value of $233,050.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Breege A. Farrell sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $45.47, for a total transaction of $682,050.00. The disclosure for this sale can be found here. Insiders sold a total of 20,260 shares of company stock worth $927,174 in the last ninety days. 0.53% of the stock is currently owned by insiders.
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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