AT Bancorp lowered its stake in Unum Group (NYSE:UNM) by 24.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 59,344 shares of the financial services provider’s stock after selling 19,336 shares during the period. AT Bancorp owned about 26.26% of Unum Group worth $2,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Unum Group by 3.1% in the first quarter. Vanguard Group Inc. now owns 24,069,527 shares of the financial services provider’s stock valued at $1,128,621,000 after buying an additional 732,083 shares during the last quarter. BlackRock Inc. boosted its position in shares of Unum Group by 2,690.7% in the first quarter. BlackRock Inc. now owns 16,788,648 shares of the financial services provider’s stock valued at $787,221,000 after buying an additional 16,187,062 shares during the last quarter. State Street Corp boosted its position in shares of Unum Group by 5.0% in the first quarter. State Street Corp now owns 12,119,332 shares of the financial services provider’s stock valued at $568,278,000 after buying an additional 573,818 shares during the last quarter. Boston Partners boosted its position in shares of Unum Group by 16.6% in the first quarter. Boston Partners now owns 9,564,880 shares of the financial services provider’s stock valued at $448,498,000 after buying an additional 1,358,289 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Unum Group by 32.4% in the first quarter. AQR Capital Management LLC now owns 5,699,745 shares of the financial services provider’s stock valued at $267,262,000 after buying an additional 1,395,330 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

Shares of Unum Group (UNM) opened at 50.80 on Monday. The company’s 50-day moving average is $47.46 and its 200-day moving average is $46.79. Unum Group has a 52 week low of $32.64 and a 52 week high of $51.10. The firm has a market cap of $11.46 billion, a PE ratio of 12.24 and a beta of 1.56.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same quarter in the previous year, the company posted $1.00 earnings per share. Analysts forecast that Unum Group will post $4.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.81%. 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 payout ratio is currently 22.17%.

Unum Group declared that its board has approved a share repurchase program on Thursday, May 25th that allows the company to repurchase $750.00 million in 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 board of directors believes its stock is undervalued.

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UNM has been the subject of several research analyst reports. BidaskClub upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Wednesday, June 28th. Royal Bank Of Canada restated a “hold” rating on shares of Unum Group in a report on Wednesday, July 12th. Deutsche Bank AG upped their target price on shares of Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Finally, Wells Fargo & Company restated a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.67.

In other Unum Group news, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total value of $123,565.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Breege A. Farrell sold 15,000 shares of Unum Group stock in a transaction on 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 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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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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