Commonwealth Equity Services LLC Sells 50,662 Shares of Unum Group (NYSE:UNM)

Commonwealth Equity Services LLC decreased its position in Unum Group (NYSE:UNMGet Rating) by 28.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 127,968 shares of the financial services provider’s stock after selling 50,662 shares during the period. Commonwealth Equity Services LLC owned about 0.06% of Unum Group worth $4,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of Unum Group by 3.7% in the fourth quarter. State Street Corp now owns 6,382,578 shares of the financial services provider’s stock worth $156,820,000 after purchasing an additional 230,546 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Unum Group by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,005,004 shares of the financial services provider’s stock valued at $98,403,000 after acquiring an additional 169,214 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Unum Group by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 2,959,087 shares of the financial services provider’s stock valued at $72,704,000 after acquiring an additional 110,142 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Unum Group by 45.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,542,304 shares of the financial services provider’s stock valued at $62,463,000 after acquiring an additional 793,407 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Unum Group by 140.6% in the fourth quarter. Millennium Management LLC now owns 1,485,849 shares of the financial services provider’s stock valued at $36,507,000 after acquiring an additional 868,359 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Insiders Place Their Bets

In other Unum Group news, EVP Christopher W. Pyne sold 7,149 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $35.13, for a total value of $251,144.37. Following the completion of the transaction, the executive vice president now owns 50,781 shares of the company’s stock, valued at approximately $1,783,936.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Unum Group news, EVP Christopher W. Pyne sold 7,149 shares of the business’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $35.13, for a total value of $251,144.37. Following the completion of the transaction, the executive vice president now owns 50,781 shares of the company’s stock, valued at approximately $1,783,936.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard P. Mckenney sold 35,271 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $36.49, for a total transaction of $1,287,038.79. Following the sale, the chief executive officer now directly owns 990,367 shares of the company’s stock, valued at approximately $36,138,491.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,453 shares of company stock valued at $1,789,121. 0.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UNM shares. The Goldman Sachs Group lifted their price target on shares of Unum Group from $36.00 to $40.00 and gave the company a “buy” rating in a report on Monday, June 6th. JPMorgan Chase & Co. boosted their target price on shares of Unum Group from $34.00 to $36.00 in a report on Monday, July 11th. Citigroup assumed coverage on shares of Unum Group in a report on Monday, May 23rd. They set a “neutral” rating and a $36.00 target price on the stock. Morgan Stanley boosted their target price on shares of Unum Group from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, StockNews.com cut shares of Unum Group from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.89.

Unum Group Price Performance

UNM opened at $35.90 on Friday. The stock has a 50-day moving average price of $33.81 and a 200-day moving average price of $31.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.29. The firm has a market cap of $7.22 billion, a PE ratio of 6.58, a P/E/G ratio of 0.59 and a beta of 1.29. Unum Group has a 1 year low of $22.25 and a 1 year high of $37.49.

Unum Group (NYSE:UNMGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.55. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.02 billion. Unum Group had a return on equity of 9.86% and a net margin of 9.29%. Unum Group’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. Sell-side analysts predict that Unum Group will post 5.18 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, July 29th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Thursday, July 28th. This is a positive change from Unum Group’s previous quarterly dividend of $0.30. Unum Group’s payout ratio is currently 24.18%.

Unum Group Company 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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