Raymond James Financial Services Advisors Inc. Purchases 12,941 Shares of Unum Group (NYSE:UNM)

Raymond James Financial Services Advisors Inc. raised its position in shares of Unum Group (NYSE:UNM – Get Rating) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,463 shares of the financial services provider’s stock after acquiring an additional 12,941 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of Unum Group worth $4,655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of UNM. BlackRock Inc. increased its position in Unum Group by 3.7% during the first quarter. BlackRock Inc. now owns 23,681,485 shares of the financial services provider’s stock valued at $746,204,000 after acquiring an additional 836,407 shares during the last quarter. AXA S.A. increased its position in Unum Group by 412.3% during the third quarter. AXA S.A. now owns 845,231 shares of the financial services provider’s stock valued at $32,795,000 after acquiring an additional 680,241 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in Unum Group by 22,885.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 643,600 shares of the financial services provider’s stock valued at $24,972,000 after acquiring an additional 640,800 shares during the last quarter. State Street Corp grew its holdings in shares of Unum Group by 8.7% in the first quarter. State Street Corp now owns 6,940,052 shares of the financial services provider’s stock worth $218,681,000 after purchasing an additional 557,474 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Unum Group by 33.2% in the first quarter. First Trust Advisors LP now owns 1,667,264 shares of the financial services provider’s stock worth $52,535,000 after purchasing an additional 415,756 shares during the last quarter. Institutional investors own 79.64% of the company’s stock.

Insider Activity at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 2,800 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $44.71, for a total value of $125,188.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,119 shares of the company’s stock, valued at approximately $318,290.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Lisa G. Iglesias sold 14,972 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $45.02, for a total value of $674,039.44. Following the transaction, the executive vice president now owns 63,333 shares in the company, valued at approximately $2,851,251.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Walter Lynn Rice, Jr. sold 2,800 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $44.71, for a total transaction of $125,188.00. Following the completion of the transaction, the chief accounting officer now owns 7,119 shares in the company, valued at approximately $318,290.49. The disclosure for this sale can be found here. Insiders sold 41,351 shares of company stock valued at $1,836,238 in the last three months. 0.94% of the stock is owned by insiders.

Unum Group Stock Performance

UNM stock opened at $46.35 on Friday. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 6.57, a PEG ratio of 0.71 and a beta of 1.06. The firm has a 50-day simple moving average of $40.87 and a two-hundred day simple moving average of $41.51. Unum Group has a one year low of $31.11 and a one year high of $46.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.28 and a current ratio of 0.28.

Unum Group (NYSE:UNM – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.65 by $0.22. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.05 billion. Unum Group had a net margin of 11.78% and a return on equity of 14.67%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 earnings per share. On average, equities analysts forecast that Unum Group will post 7.24 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Friday, April 28th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, April 27th. Unum Group’s payout ratio is currently 18.70%.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on shares of Unum Group from $48.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, February 23rd. StockNews.com initiated coverage on shares of Unum Group in a report on Thursday. They issued a “buy” rating on the stock. Barclays upped their price target on shares of Unum Group from $41.00 to $46.00 in a report on Thursday, May 4th. Wells Fargo & Company assumed coverage on shares of Unum Group in a research note on Tuesday, April 25th. They issued an “overweight” rating and a $57.00 price objective for the company. Finally, The Goldman Sachs Group lowered their price objective on shares of Unum Group from $51.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, April 5th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of “Hold” and an average price target of $47.00.

Unum Group Company Profile

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Unum Group engages in the provision of financial protection benefits. Its services include disability, life, accident, critical illness, dental, vision, and other related services. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block, and Corporate. The Unum US segment focuses on group disability, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.