Amalgamated Bank Has $4.46 Million Holdings in Unum Group (NYSE:UNM)

Amalgamated Bank lessened its holdings in shares of Unum Group (NYSE:UNMGet Rating) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,584 shares of the financial services provider’s stock after selling 4,902 shares during the period. Amalgamated Bank owned about 0.07% of Unum Group worth $4,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UNM. Advisor Group Holdings Inc. boosted its position in shares of Unum Group by 7.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 233,497 shares of the financial services provider’s stock worth $7,794,000 after acquiring an additional 17,043 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Unum Group by 1.5% during the 1st quarter. Advisory Services Network LLC now owns 75,720 shares of the financial services provider’s stock worth $2,386,000 after acquiring an additional 1,100 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Unum Group by 3.3% during the 4th quarter. Mackenzie Financial Corp now owns 626,563 shares of the financial services provider’s stock worth $15,395,000 after acquiring an additional 19,820 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Unum Group during the 1st quarter worth approximately $2,432,000. Finally, Steel Peak Wealth Management LLC acquired a new stake in shares of Unum Group during the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Activity

In related news, EVP Lisa G. Iglesias sold 20,000 shares of Unum Group stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the transaction, the executive vice president now owns 56,814 shares of the company’s stock, valued at $2,272,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Richard P. Mckenney sold 40,000 shares of Unum Group stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $40.13, for a total transaction of $1,605,200.00. Following the completion of the transaction, the chief executive officer now owns 950,367 shares of the company’s stock, valued at $38,138,227.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Lisa G. Iglesias sold 20,000 shares of Unum Group stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the transaction, the executive vice president now directly owns 56,814 shares of the company’s stock, valued at approximately $2,272,560. The disclosure for this sale can be found here. Insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on UNM shares. JPMorgan Chase & Co. increased their price target on shares of Unum Group from $34.00 to $36.00 in a research report on Monday, July 11th. Morgan Stanley increased their price objective on shares of Unum Group from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 17th. Evercore ISI increased their price objective on shares of Unum Group from $35.00 to $37.00 and gave the company an “in-line” rating in a research note on Wednesday, July 6th. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Friday, August 12th. Finally, Credit Suisse Group increased their price objective on shares of Unum Group from $21.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Unum Group Price Performance

UNM stock opened at $40.38 on Wednesday. The company has a fifty day moving average price of $36.71 and a 200-day moving average price of $34.18. The company has a market capitalization of $8.08 billion, a P/E ratio of 7.40, a PEG ratio of 0.45 and a beta of 1.21. Unum Group has a 52-week low of $22.25 and a 52-week high of $41.13. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, July 29th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, July 28th. This represents a $1.32 annualized dividend and a dividend yield of 3.27%. This is an increase from Unum Group’s previous quarterly dividend of $0.30. Unum Group’s dividend payout ratio (DPR) is presently 24.18%.

Unum Group Profile

(Get Rating)

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. 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.

See Also

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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