Laurion Capital Management LP lifted its position in shares of Unum Group (NYSE:UNM) by 2,083.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,914 shares of the financial services provider’s stock after purchasing an additional 112,514 shares during the quarter. Laurion Capital Management LP owned 0.05% of Unum Group worth $5,499,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stevens Capital Management LP bought a new position in shares of Unum Group during the second quarter worth $1,048,000. BT Investment Management Ltd bought a new position in shares of Unum Group during the second quarter worth $6,294,000. BlueMountain Capital Management LLC boosted its position in shares of Unum Group by 130.1% during the second quarter. BlueMountain Capital Management LLC now owns 9,725 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 5,498 shares in the last quarter. Amalgamated Bank boosted its position in shares of Unum Group by 54.5% during the second quarter. Amalgamated Bank now owns 25,661 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 9,047 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Unum Group during the second quarter worth $1,105,000. 92.37% of the stock is currently owned by institutional investors.
Unum Group (UNM) traded up 0.77% during midday trading on Friday, reaching $48.43. 1,962,278 shares of the company traded hands. The company has a 50 day moving average of $48.87 and a 200-day moving average of $47.23. Unum Group has a 12-month low of $33.98 and a 12-month high of $51.43. The stock has a market capitalization of $10.93 billion, a P/E ratio of 11.66 and a beta of 1.57.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. During the same period last year, the firm earned $1.00 EPS. Equities analysts anticipate that Unum Group will post $4.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, July 31st were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, July 27th. This is a boost from Unum Group’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a yield of 1.90%. Unum Group’s payout ratio is currently 22.17%.
Unum Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 25th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the financial services provider to purchase up to 7.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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UNM has been the topic of a number of recent analyst reports. BidaskClub raised shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Wednesday, June 28th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Unum Group presently has an average rating of “Hold” and a consensus price target of $46.56.
In related news, EVP Breege A. Farrell sold 15,000 shares of Unum Group stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $45.47, for a total transaction of $682,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total value of $123,565.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,960 shares of company stock valued at $932,391. 0.53% of the stock is currently owned by insiders.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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