Bleakley Financial Group LLC Sells 594 Shares of Unum Group (NYSE:UNM)

Bleakley Financial Group LLC reduced its holdings in Unum Group (NYSE:UNM) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,362 shares of the financial services provider’s stock after selling 594 shares during the quarter. Bleakley Financial Group LLC’s holdings in Unum Group were worth $242,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in Unum Group by 79.8% in the 4th quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider’s stock worth $88,616,000 after acquiring an additional 866,531 shares during the last quarter. American Century Companies Inc. increased its stake in Unum Group by 14.9% in the 3rd quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider’s stock worth $10,963,000 after acquiring an additional 28,898 shares during the last quarter. Boone Capital Management LLC increased its stake in Unum Group by 1.2% in the 3rd quarter. Boone Capital Management LLC now owns 867,565 shares of the financial services provider’s stock worth $42,676,000 after acquiring an additional 10,000 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Unum Group by 91.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 63,810 shares of the financial services provider’s stock worth $3,138,000 after acquiring an additional 30,555 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in Unum Group by 5,728.7% in the 4th quarter. International Assets Investment Management LLC now owns 221,081 shares of the financial services provider’s stock worth $9,997,000 after acquiring an additional 217,288 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley upped 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. The Goldman Sachs Group upped their price objective on Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. upped their price objective on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.38.

Unum Group Trading Down 0.7 %

Shares of UNM stock opened at $49.95 on Tuesday. The stock has a market capitalization of $9.59 billion, a PE ratio of 7.70, a P/E/G ratio of 1.01 and a beta of 0.87. Unum Group has a 1-year low of $39.71 and a 1-year high of $54.57. The business has a 50-day moving average of $50.77 and a 200 day moving average of $47.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.07). The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.43 earnings per share. As a group, sell-side analysts anticipate that Unum Group will post 8.18 earnings per share for the current year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s payout ratio is 22.50%.

Insider Buying and Selling at Unum Group

In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total transaction of $510,600.00. Following the completion of the transaction, the chief financial officer now owns 122,246 shares of the company’s stock, valued at approximately $6,241,880.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Unum Group 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 completion of the transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the transaction, the chief financial officer now directly owns 122,246 shares of the company’s stock, valued at approximately $6,241,880.76. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock valued at $4,018,100 in the last 90 days. Insiders own 0.77% of the company’s stock.

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.