Vident Investment Advisory LLC raised its stake in Unum Group (NYSE:UNM) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,390 shares of the financial services provider’s stock after purchasing an additional 1,910 shares during the period. Vident Investment Advisory LLC’s holdings in Unum Group were worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. increased its holdings in shares of Unum Group by 29.7% in the first quarter. Victory Capital Management Inc. now owns 68,727 shares of the financial services provider’s stock valued at $3,272,000 after purchasing an additional 15,748 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Unum Group by 4.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,138,330 shares of the financial services provider’s stock valued at $54,196,000 after purchasing an additional 43,904 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Unum Group by 178.3% in the first quarter. Thrivent Financial for Lutherans now owns 126,771 shares of the financial services provider’s stock valued at $6,036,000 after purchasing an additional 81,214 shares in the last quarter. LS Investment Advisors LLC increased its holdings in shares of Unum Group by 28.6% in the first quarter. LS Investment Advisors LLC now owns 12,295 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 2,736 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its holdings in shares of Unum Group by 60.1% in the first quarter. Glen Harbor Capital Management LLC now owns 70,064 shares of the financial services provider’s stock valued at $3,336,000 after purchasing an additional 26,288 shares in the last quarter. Institutional investors own 91.17% of the company’s stock.

A number of analysts recently weighed in on UNM shares. ValuEngine lowered shares of Unum Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. Wells Fargo & Co set a $53.00 price target on shares of Unum Group and gave the company a “hold” rating in a report on Thursday, May 24th. Zacks Investment Research cut shares of Unum Group from a “hold” rating to a “sell” rating in a research note on Monday, June 4th. Citigroup set a $44.00 price objective on shares of Unum Group and gave the company a “hold” rating in a research note on Tuesday, June 12th. Finally, Barclays reduced their price objective on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, July 9th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.31.

In other news, EVP Breege A. Farrell sold 7,500 shares of Unum Group stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total transaction of $304,950.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Shares of UNM stock opened at $36.90 on Friday. Unum Group has a 52-week low of $34.57 and a 52-week high of $58.73. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 0.77 and a beta of 1.37. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Monday, July 30th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. equities analysts anticipate that Unum Group will post 5.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 17th. Shareholders of record on Monday, July 30th were paid a $0.26 dividend. The ex-dividend date was Friday, July 27th. This is a boost from Unum Group’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 2.82%. Unum Group’s dividend payout ratio (DPR) is presently 24.24%.

Unum Group declared that its Board of Directors has authorized a share repurchase program on Thursday, May 24th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 8.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

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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