Amalgamated Bank Has $5.87 Million Holdings in Unum Group (NYSE:UNM)

Amalgamated Bank decreased its position in Unum Group (NYSE:UNM) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 80,347 shares of the financial services provider’s stock after selling 2,080 shares during the period. Amalgamated Bank’s holdings in Unum Group were worth $5,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barrett & Company Inc. lifted its holdings in shares of Unum Group by 300.0% in the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 297 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Unum Group during the third quarter valued at $31,000. Kestra Investment Management LLC purchased a new stake in Unum Group in the 4th quarter worth about $38,000. Quarry LP boosted its position in Unum Group by 4,794.7% during the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 911 shares during the period. Finally, Versant Capital Management Inc grew its stake in Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 160 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UNM has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. StockNews.com downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price target (up from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Finally, Keefe, Bruyette & Woods lifted their price objective on Unum Group from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average price target of $81.17.

Unum Group Stock Performance

Shares of NYSE UNM opened at $81.74 on Friday. The business’s 50-day simple moving average is $74.51 and its 200-day simple moving average is $67.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. Unum Group has a 52 week low of $48.38 and a 52 week high of $83.96. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 8.63, a P/E/G ratio of 1.14 and a beta of 0.80.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. As a group, equities research analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group declared that its board has authorized a stock repurchase program on Tuesday, February 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is 17.74%.

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.