Allworth Financial LP Raises Holdings in Unum Group (NYSE:UNM)

Allworth Financial LP lifted its position in Unum Group (NYSE:UNM) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,822 shares of the financial services provider’s stock after purchasing an additional 352 shares during the period. Allworth Financial LP’s holdings in Unum Group were worth $128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Silver Oak Securities Incorporated purchased a new position in shares of Unum Group in the 3rd quarter worth $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Unum Group in the 4th quarter worth $25,000. Bangor Savings Bank boosted its stake in shares of Unum Group by 100.0% in the 3rd quarter. Bangor Savings Bank now owns 664 shares of the financial services provider’s stock worth $33,000 after buying an additional 332 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Unum Group in the 3rd quarter worth $36,000. Finally, Arlington Trust Co LLC purchased a new position in shares of Unum Group in the 3rd quarter worth $38,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Richard P. Mckenney sold 50,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,076,753 shares of the company’s stock, valued at $52,922,409.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Richard P. Mckenney sold 50,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,076,753 shares of the company’s stock, valued at $52,922,409.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lisa G. Iglesias sold 16,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $50.00, for a total transaction of $800,000.00. Following the completion of the transaction, the executive vice president now owns 40,840 shares of the company’s stock, valued at $2,042,000. The disclosure for this sale can be found here. Insiders sold a total of 81,000 shares of company stock valued at $4,018,100 over the last three months. 0.94% of the stock is owned by company insiders.

Unum Group Stock Up 0.1 %

Shares of UNM opened at $50.31 on Friday. The firm has a market capitalization of $9.66 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.01 and a beta of 0.87. Unum Group has a 12-month low of $39.40 and a 12-month high of $54.57. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $50.72 and a 200-day moving average price of $47.55.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts expect that Unum Group will post 8.19 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.90%. Unum Group’s dividend payout ratio (DPR) is presently 22.50%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company raised their target price on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, The Goldman Sachs Group upped their price target on shares of Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.50.

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.