Cerity Partners LLC Buys 3,935 Shares of Unum Group (NYSE:UNM)

Cerity Partners LLC grew its stake in shares of Unum Group (NYSE:UNMGet Rating) by 47.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,294 shares of the financial services provider’s stock after acquiring an additional 3,935 shares during the quarter. Cerity Partners LLC’s holdings in Unum Group were worth $418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in Unum Group by 39.0% during the second quarter. Lindbrook Capital LLC now owns 1,409 shares of the financial services provider’s stock worth $48,000 after buying an additional 395 shares during the last quarter. Sittner & Nelson LLC bought a new position in shares of Unum Group during the 1st quarter valued at about $63,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Unum Group by 350.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,992 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,550 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Unum Group during the 2nd quarter valued at about $71,000. Finally, MBM Wealth Consultants LLC lifted its holdings in shares of Unum Group by 37.3% during the 1st quarter. MBM Wealth Consultants LLC now owns 2,443 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 664 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

Unum Group Stock Down 0.2 %

Shares of Unum Group stock opened at $40.84 on Friday. The firm has a market cap of $8.12 billion, a PE ratio of 6.92, a P/E/G ratio of 0.54 and a beta of 1.16. Unum Group has a 52-week low of $22.25 and a 52-week high of $46.64. The business’s 50 day simple moving average is $41.82 and its 200 day simple moving average is $37.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.30 and a current ratio of 0.30.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, October 28th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Thursday, October 27th. Unum Group’s dividend payout ratio (DPR) is 22.37%.

Analysts Set New Price Targets

UNM has been the topic of several recent analyst reports. Credit Suisse Group lifted their price objective on Unum Group from $21.00 to $37.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. StockNews.com initiated coverage on Unum Group in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup cut their price objective on Unum Group from $42.00 to $41.00 in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Unum Group from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, October 7th. Finally, Barclays lifted their price objective on Unum Group from $36.00 to $43.00 and gave the company an “underweight” rating in a report on Sunday, November 6th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.60.

Insiders Place Their Bets

In other Unum Group news, EVP Christopher W. Pyne sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $45.02, for a total transaction of $243,108.00. Following the transaction, the executive vice president now owns 45,381 shares of the company’s stock, valued at approximately $2,043,052.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Lisa G. Iglesias sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $45.02, for a total value of $243,108.00. Following the transaction, the executive vice president now directly owns 45,381 shares in the company, valued at $2,043,052.62. The disclosure for this sale can be found here. Insiders have sold 65,400 shares of company stock valued at $2,648,308 in the last 90 days. 0.77% of the stock is currently owned by insiders.

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.

Further Reading

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

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