Unum Group (NYSE:UNM) Stock Position Boosted by Bokf Na

Bokf Na boosted its stake in Unum Group (NYSE:UNM) by 1.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 41,779 shares of the financial services provider’s stock after acquiring an additional 660 shares during the quarter. Bokf Na’s holdings in Unum Group were worth $2,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNM. Norges Bank bought a new position in Unum Group in the 4th quarter valued at about $590,489,000. Nordea Investment Management AB grew its position in Unum Group by 51.7% in the 1st quarter. Nordea Investment Management AB now owns 2,961,539 shares of the financial services provider’s stock valued at $158,590,000 after buying an additional 1,008,776 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Unum Group by 6,498.1% in the 1st quarter. ProShare Advisors LLC now owns 636,320 shares of the financial services provider’s stock valued at $34,145,000 after acquiring an additional 626,676 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Unum Group by 85.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 778,129 shares of the financial services provider’s stock valued at $41,754,000 after acquiring an additional 357,475 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Unum Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 20,590,655 shares of the financial services provider’s stock valued at $931,109,000 after acquiring an additional 300,840 shares during the last quarter. 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 stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the transaction, the executive vice president now owns 56,262 shares in the company, valued at $2,952,067.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the transaction, the executive vice president now owns 56,262 shares in the company, valued at $2,952,067.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy F. Keaney sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total value of $420,880.00. Following the completion of the transaction, the director now owns 37,505 shares in the company, valued at approximately $1,973,138.05. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

Unum Group Stock Up 0.5 %

Shares of UNM traded up $0.28 during trading hours on Friday, reaching $53.24. The company’s stock had a trading volume of 1,059,969 shares, compared to its average volume of 1,146,916. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 1.06 and a beta of 0.81. Unum Group has a 1-year low of $41.75 and a 1-year high of $54.66. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $51.72 and a two-hundred day moving average of $50.68.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the company earned $1.87 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that Unum Group will post 8.25 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, July 26th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.68 dividend on an annualized basis and a yield of 3.16%. This is an increase from Unum Group’s previous quarterly dividend of $0.37. Unum Group’s dividend payout ratio is currently 24.96%.

Wall Street Analysts Forecast Growth

UNM has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Unum Group from $62.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley upped their price target on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Piper Sandler started coverage on shares of Unum Group in a report on Thursday, July 11th. They issued an “overweight” rating and a $57.00 price target for the company. Wells Fargo & Company upped their price objective on shares of Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Evercore ISI upped their price objective on shares of Unum Group from $56.00 to $58.00 and gave the company an “in-line” rating in a research note on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and a consensus price target of $60.44.

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.