Covestor Ltd Has $216,000 Stock Holdings in Unum Group (NYSE:UNM)

Covestor Ltd boosted its holdings in shares of Unum Group (NYSE:UNMGet Rating) by 136.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 6,844 shares of the financial services provider’s stock after acquiring an additional 3,953 shares during the period. Covestor Ltd’s holdings in Unum Group were worth $216,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Veritable L.P. raised its holdings in shares of Unum Group by 3.5% in the 1st quarter. Veritable L.P. now owns 9,338 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 314 shares during the period. Koshinski Asset Management Inc. raised its holdings in Unum Group by 50.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,132 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 382 shares during the period. HM Payson & Co. raised its holdings in Unum Group by 4.2% in the 1st quarter. HM Payson & Co. now owns 10,030 shares of the financial services provider’s stock valued at $316,000 after acquiring an additional 400 shares during the period. First Republic Investment Management Inc. raised its holdings in Unum Group by 2.3% in the 4th quarter. First Republic Investment Management Inc. now owns 17,760 shares of the financial services provider’s stock valued at $436,000 after acquiring an additional 402 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in Unum Group by 1.0% in the 1st quarter. Quantinno Capital Management LP now owns 41,936 shares of the financial services provider’s stock valued at $1,321,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 80.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on UNM shares. Morgan Stanley increased their price target on shares of Unum Group from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 17th. Barclays increased their price target on shares of Unum Group from $33.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, August 5th. The Goldman Sachs Group increased 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. Evercore ISI increased their price target on shares of Unum Group from $35.00 to $37.00 and gave the company an “in-line” rating in a report on Wednesday, July 6th. Finally, StockNews.com upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Unum Group currently has an average rating of “Hold” and a consensus price target of $35.11.

Unum Group Stock Performance

NYSE UNM opened at $38.43 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 0.42 and a beta of 1.21. The firm’s 50 day simple moving average is $35.58 and its 200 day simple moving average is $33.43. Unum Group has a 1 year low of $22.25 and a 1 year high of $40.25.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, July 29th were given a dividend of $0.33 per share. This is a positive change from Unum Group’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, July 28th. This represents a $1.32 annualized dividend and a dividend yield of 3.43%. Unum Group’s dividend payout ratio (DPR) is currently 24.18%.

Insider Buying and Selling

In related news, CEO Richard P. Mckenney sold 40,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 950,367 shares in the company, valued at approximately $38,138,227.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Richard P. Mckenney sold 40,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 950,367 shares in the company, valued at approximately $38,138,227.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lisa G. Iglesias sold 20,000 shares of the stock in a transaction that occurred 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 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. 0.77% of the stock is currently owned by company insiders.

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.

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

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