Unum Group (NYSE:UNM) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its position in Unum Group (NYSE:UNM) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,453 shares of the financial services provider’s stock after selling 1,262 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Unum Group were worth $881,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Silver Oak Securities Incorporated acquired a new position in Unum Group in the third quarter worth $25,000. Contravisory Investment Management Inc. bought a new position in shares of Unum Group in the 4th quarter worth about $25,000. Bangor Savings Bank boosted its holdings 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 valued at $33,000 after buying an additional 332 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Unum Group during the 3rd quarter valued at about $36,000. Finally, Arlington Trust Co LLC acquired a new stake in Unum Group during the third quarter worth about $38,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

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

Unum Group Price Performance

Shares of UNM opened at $50.30 on Friday. Unum Group has a one year low of $39.40 and a one year high of $54.57. The stock’s fifty day moving average is $50.72 and its 200-day moving average is $47.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $9.65 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87.

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

Unum Group Announces Dividend

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

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the executive vice president now owns 55,450 shares in the company, valued at $2,772,500. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Unum Group news, EVP Lisa G. Iglesias sold 16,000 shares of Unum Group stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $50.00, for a total value of $800,000.00. Following the transaction, the executive vice president now owns 40,840 shares in the company, valued at $2,042,000. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the 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 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 have sold 81,000 shares of company stock worth $4,018,100. 0.94% of the stock is owned by company insiders.

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.