Hartford Financial Management Inc. bought a new position in shares of Unum Group (NYSE:UNM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 884 shares of the financial services provider’s stock, valued at approximately $30,000.
Several other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Unum Group by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,875,403 shares of the financial services provider’s stock valued at $143,237,000 after acquiring an additional 396,764 shares in the last quarter. Geode Capital Management LLC lifted its position in Unum Group by 15.1% in the 4th quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock valued at $98,111,000 after acquiring an additional 438,390 shares in the last quarter. Northern Trust Corp lifted its position in Unum Group by 0.7% in the 1st quarter. Northern Trust Corp now owns 2,635,821 shares of the financial services provider’s stock valued at $89,169,000 after acquiring an additional 19,621 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Unum Group by 4.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 986,440 shares of the financial services provider’s stock valued at $33,371,000 after acquiring an additional 42,386 shares in the last quarter. Finally, Clark Capital Management Group Inc. lifted its position in Unum Group by 7.2% in the 1st quarter. Clark Capital Management Group Inc. now owns 982,514 shares of the financial services provider’s stock valued at $33,238,000 after acquiring an additional 65,941 shares in the last quarter. Hedge funds and other institutional investors own 92.88% of the company’s stock.
Several equities analysts recently issued reports on UNM shares. TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a research report on Thursday, June 6th. Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a report on Thursday, May 30th. Morgan Stanley lowered their price target on Unum Group from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Credit Suisse Group initiated coverage on Unum Group in a report on Wednesday, July 10th. They set an “underperform” rating on the stock. Finally, ValuEngine cut Unum Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.00.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.02. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Unum Group had a return on equity of 12.90% and a net margin of 4.46%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 EPS. As a group, analysts expect that Unum Group will post 5.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, July 29th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 4.08%. This is a boost from Unum Group’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, July 26th. Unum Group’s dividend payout ratio is presently 21.92%.
In other news, Director Gloria C. Larson sold 1,602 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total transaction of $53,747.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.
Unum Group 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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