Unum Group (NYSE:UNM) Shares Sold by Signaturefd LLC

Signaturefd LLC cut its position in shares of Unum Group (NYSE:UNM) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 19,022 shares of the financial services provider’s stock after selling 684 shares during the quarter. Signaturefd LLC’s holdings in Unum Group were worth $1,131,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of UNM. Versant Capital Management Inc grew its holdings in shares of Unum Group by 361.5% in the 2nd quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 394 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Unum Group in the 2nd quarter worth $26,000. Salomon & Ludwin LLC acquired a new position in shares of Unum Group in the 1st quarter worth $28,000. 1620 Investment Advisors Inc. acquired a new position in shares of Unum Group in the 2nd quarter worth $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Unum Group in the 3rd quarter worth $37,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Price Performance

UNM opened at $63.44 on Thursday. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.94 and a beta of 0.77. Unum Group has a 1 year low of $41.75 and a 1 year high of $64.52. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $57.78 and a 200 day moving average price of $54.04.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.14. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Unum Group had a return on equity of 15.55% and a net margin of 10.40%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.06 earnings per share. Analysts forecast that Unum Group will post 8.49 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.65%. Unum Group’s dividend payout ratio is currently 24.71%.

Unum Group declared that its board has approved a share repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 10% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UNM. UBS Group upgraded Unum Group to a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Wells Fargo & Company raised their target price on Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their target price on Unum Group from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Citigroup raised their target price on Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.64.

Insiders Place Their Bets

In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.98, for a total value of $3,727,369.10. Following the completion of the sale, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.98, for a total value of $3,727,369.10. Following the completion of the sale, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total value of $541,100.00. Following the completion of the sale, the executive vice president now directly owns 64,821 shares of the company’s stock, valued at $3,507,464.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Unum Group Company 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.