Unum Group (NYSE:UNM) Shares Bought by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp increased its holdings in Unum Group (NYSE:UNM) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,803 shares of the financial services provider’s stock after purchasing an additional 9,603 shares during the period. Alaska Permanent Fund Corp’s holdings in Unum Group were worth $2,750,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Silver Oak Securities Incorporated bought a new position in shares of Unum Group in the third quarter valued at approximately $25,000. Contravisory Investment Management Inc. purchased a new position in Unum Group in the fourth quarter valued at about $25,000. Bangor Savings Bank increased its holdings in Unum Group by 100.0% during the 3rd quarter. Bangor Savings Bank now owns 664 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 332 shares during the period. Neo Ivy Capital Management purchased a new stake in Unum Group during the 3rd quarter valued at $36,000. Finally, Daiwa Securities Group Inc. bought a new stake in Unum Group during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 0.3 %

Shares of NYSE:UNM traded up $0.18 on Wednesday, reaching $51.97. The company had a trading volume of 834,491 shares, compared to its average volume of 1,404,040. Unum Group has a twelve month low of $40.04 and a twelve month high of $54.57. The stock has a market capitalization of $9.97 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.04 and a beta of 0.87. The stock has a 50-day moving average price of $51.17 and a 200 day moving average price of $47.63. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.36.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Unum Group will post 8.18 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s payout ratio is 22.50%.

Insider Activity

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,076,753 shares of the company’s stock, valued at $52,922,409.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,000 shares of company stock valued at $4,018,100. 0.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UNM has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company increased their price objective on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley lifted their price objective on Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group raised their price target on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.38.

Unum Group Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. 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.