LS Investment Advisors LLC Buys 575 Shares of Unum Group (UNM)
LS Investment Advisors LLC increased its position in Unum Group (NYSE:UNM) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,205 shares of the financial services provider’s stock after buying an additional 575 shares during the period. LS Investment Advisors LLC’s holdings in Unum Group were worth $616,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised 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 valued at $114,000 after buying an additional 29 shares in the last quarter. Crestwood Advisors Group LLC acquired a new position in Unum Group during the first quarter valued at about $150,000. Coastline Trust Co acquired a new position in Unum Group during the first quarter valued at about $202,000. Federated Investors Inc. PA raised 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 valued at $191,000 after buying an additional 4,346 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in 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 in the last quarter. 93.11% of the stock is owned by hedge funds and other institutional investors.
Unum Group (NYSE UNM) opened at 48.66 on Wednesday. The stock has a market cap of $11.10 billion, a P/E ratio of 11.95 and a beta of 1.55. The company has a 50-day moving average price of $46.76 and a 200 day moving average price of $46.59. Unum Group has a 1-year low of $32.05 and a 1-year high of $50.27.
Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, April 26th. The financial services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. Unum Group had a net margin of 8.54% and a return on equity of 10.23%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Equities analysts expect that Unum Group will post $4.10 earnings per share for the current fiscal year.
Unum Group announced that its board has approved a share repurchase program on Thursday, May 25th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the financial services provider to buy up to 7.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 31st will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, July 27th. This is an increase from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s payout ratio is 19.61%.
Several equities analysts have recently issued reports on the company. BidaskClub lowered Unum Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Unum Group in a report on Wednesday, July 12th. Zacks Investment Research lowered Unum Group from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, Deutsche Bank AG upped their target price on Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.10.
In other Unum Group news, EVP Breege A. Farrell sold 15,000 shares of Unum Group 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Q. Simonds sold 5,000 shares of Unum Group stock in a transaction that occurred on Friday, May 5th. The stock was 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. In the last ninety days, insiders sold 20,260 shares of company stock valued at $927,174. 0.53% of the stock is currently owned by insiders.
About Unum Group
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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