Unum Group (NYSE:UNM) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC increased its stake in Unum Group (NYSE:UNM) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,226 shares of the financial services provider’s stock after buying an additional 1,349 shares during the quarter. New York Life Investment Management LLC’s holdings in Unum Group were worth $1,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Silver Oak Securities Incorporated bought a new stake in shares of Unum Group during the 3rd quarter worth about $25,000. Contravisory Investment Management Inc. bought a new stake in Unum Group during the fourth quarter worth approximately $25,000. Neo Ivy Capital Management acquired a new stake in Unum Group in the third quarter worth approximately $36,000. Daiwa Securities Group Inc. bought a new position in Unum Group during the 4th quarter valued at $36,000. Finally, CVA Family Office LLC acquired a new position in shares of Unum Group during the 4th quarter valued at $49,000. Institutional investors own 86.57% of the company’s stock.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group 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 transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $6,241,880.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,000 shares of company stock worth $4,018,100. 0.93% of the stock is currently owned by company insiders.

Unum Group Stock Performance

Unum Group stock opened at $52.46 on Wednesday. Unum Group has a fifty-two week low of $41.75 and a fifty-two week high of $54.57. The firm’s 50 day simple moving average is $51.68 and its 200-day simple moving average is $47.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $9.93 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. The firm had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 EPS. As a group, equities research analysts predict that Unum Group will post 8.19 EPS for the current year.

Unum Group Announces Dividend

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 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s dividend payout ratio is currently 21.69%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on UNM shares. Wells Fargo & Company upped their price objective on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. upped their price target on shares of Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Morgan Stanley lifted their price objective on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group lifted 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and a consensus target price of $57.38.

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.