AIA Group Ltd acquired a new position in Unum Group (NYSE:UNM – Free Report) during the first quarter, Holdings Channel reports. The firm acquired 21,672 shares of the financial services provider’s stock, valued at approximately $1,163,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in UNM. Contravisory Investment Management Inc. purchased a new stake in shares of Unum Group in the fourth quarter worth $25,000. Silver Oak Securities Incorporated purchased a new stake in shares of Unum Group in the third quarter worth $25,000. Salomon & Ludwin LLC purchased a new stake in shares of Unum Group in the first quarter worth $28,000. MCF Advisors LLC purchased a new stake in shares of Unum Group in the first quarter worth $35,000. Finally, Neo Ivy Capital Management purchased a new stake in Unum Group during the third quarter valued at about $36,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.
Insider Buying and Selling
In related news, EVP Christopher W. Pyne sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the sale, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at $2,952,067.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares in the company, valued at $2,952,067.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy F. Keaney sold 8,000 shares of Unum Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total transaction of $420,880.00. Following the transaction, the director now owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Unum Group Trading Up 0.8 %
Shares of NYSE:UNM traded up $0.42 on Friday, reaching $51.92. 809,044 shares of the company traded hands, compared to its average volume of 1,130,752. The business’s 50-day simple moving average is $51.55 and its 200 day simple moving average is $50.13. Unum Group has a 52 week low of $41.75 and a 52 week high of $54.57. The stock has a market capitalization of $9.83 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34.
Unum Group (NYSE:UNM – Get Free Report) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. Unum Group’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.87 earnings per share. As a group, equities analysts anticipate that Unum Group will post 8.25 EPS for the current fiscal year.
Unum Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, July 26th will be paid a $0.42 dividend. This is a boost from Unum Group’s previous quarterly dividend of $0.37. This represents a $1.68 annualized dividend and a dividend yield of 3.24%. Unum Group’s dividend payout ratio (DPR) is presently 21.69%.
About Unum Group
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.
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