Nisa Investment Advisors LLC Acquires 3,700 Shares of Unum Group (NYSE:UNM)

Nisa Investment Advisors LLC raised its holdings in shares of Unum Group (NYSE:UNM) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,107 shares of the financial services provider’s stock after purchasing an additional 3,700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Unum Group were worth $2,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB increased its stake in Unum Group by 79.8% during the 4th quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider’s stock valued at $88,616,000 after purchasing an additional 866,531 shares in the last quarter. American Century Companies Inc. increased its stake in Unum Group by 14.9% during the 3rd quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider’s stock valued at $10,963,000 after purchasing an additional 28,898 shares in the last quarter. Boone Capital Management LLC increased its stake in Unum Group by 1.2% during the 3rd quarter. Boone Capital Management LLC now owns 867,565 shares of the financial services provider’s stock valued at $42,676,000 after purchasing an additional 10,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Unum Group by 91.9% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 63,810 shares of the financial services provider’s stock valued at $3,138,000 after purchasing an additional 30,555 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in Unum Group during the 3rd quarter valued at $7,378,000. Institutional investors own 86.57% of the company’s stock.

Unum Group Price Performance

NYSE UNM opened at $50.30 on Friday. The company has a market cap of $9.65 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. Unum Group has a 52 week low of $39.40 and a 52 week high of $54.57. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $50.72 and its two-hundred day simple moving average is $47.54.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $3.14 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Research analysts predict that Unum Group will post 8.18 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.90%. Unum Group’s dividend payout ratio is presently 22.50%.

Analyst Ratings Changes

UNM has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group boosted their price target on shares of Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Company boosted their price target on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now directly owns 55,450 shares in the company, valued at $2,772,500. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the transaction, the chief financial officer now directly owns 122,246 shares in the company, valued at $6,241,880.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the transaction, the executive vice president now owns 55,450 shares in the company, valued at $2,772,500. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock worth $4,018,100 over the last ninety days. Company insiders own 0.94% of the company’s stock.

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.