Ameritas Advisory Services LLC acquired a new position in Unum Group (NYSE:UNM – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,231 shares of the financial services provider’s stock, valued at approximately $638,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC grew its stake in shares of Unum Group by 4.2% during the third quarter. OneDigital Investment Advisors LLC now owns 3,484 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 141 shares during the period. Arizona State Retirement System grew its stake in shares of Unum Group by 0.3% during the third quarter. Arizona State Retirement System now owns 49,017 shares of the financial services provider’s stock worth $3,813,000 after purchasing an additional 160 shares during the period. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Unum Group by 1.2% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,709 shares of the financial services provider’s stock worth $1,066,000 after purchasing an additional 165 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of Unum Group by 4.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 3,714 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 169 shares during the period. Finally, Savant Capital LLC grew its stake in shares of Unum Group by 0.4% during the third quarter. Savant Capital LLC now owns 46,619 shares of the financial services provider’s stock worth $3,626,000 after purchasing an additional 179 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.
Unum Group Trading Up 1.0%
Shares of NYSE:UNM opened at $81.71 on Friday. Unum Group has a 12 month low of $68.28 and a 12 month high of $83.13. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $76.51 and its 200 day simple moving average is $76.06. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 0.83 and a beta of 0.24.
Unum Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, April 24th. Unum Group’s payout ratio is presently 40.00%.
Insider Transactions at Unum Group
In other Unum Group news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $73.00, for a total value of $657,000.00. Following the sale, the director directly owned 42,846 shares in the company, valued at approximately $3,127,758. The trade was a 17.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy F. Keaney sold 4,500 shares of Unum Group stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $72.58, for a total transaction of $326,610.00. Following the completion of the sale, the director owned 38,592 shares in the company, valued at $2,801,007.36. The trade was a 10.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,852 shares of company stock worth $2,552,414. 1.00% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on UNM shares. Bank of America reduced their price target on shares of Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. UBS Group lifted their price target on shares of Unum Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. reduced their price target on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Weiss Ratings cut shares of Unum Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Finally, Keefe, Bruyette & Woods reissued a “moderate buy” rating and set a $95.00 price target on shares of Unum Group in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and an average target price of $93.25.
View Our Latest Research Report on UNM
Unum Group Company Profile
Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.
In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.
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