Unum Group (NYSE:UNM) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC reduced its position in Unum Group (NYSE:UNM) by 37.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,823 shares of the financial services provider’s stock after selling 3,484 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Unum Group were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its position in shares of Unum Group by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock valued at $44,609,000 after buying an additional 64,661 shares during the last quarter. Cetera Advisors LLC purchased a new position in Unum Group during the first quarter worth approximately $703,000. Van ECK Associates Corp acquired a new position in Unum Group during the second quarter worth $3,945,000. My Legacy Advisors LLC purchased a new position in shares of Unum Group during the 2nd quarter worth $473,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Unum Group during the 2nd quarter valued at about $2,007,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Trading Down 0.2 %

NYSE UNM opened at $76.90 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.10 and a beta of 0.76. The firm has a 50 day simple moving average of $65.87 and a 200-day simple moving average of $57.49. Unum Group has a one year low of $42.09 and a one year high of $77.63.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Equities research analysts anticipate that Unum Group will post 8.53 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio is currently 18.18%.

Insider Transactions at Unum Group

In other news, EVP Lisa G. Iglesias sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $72.61, for a total value of $363,050.00. Following the transaction, the executive vice president now owns 35,840 shares in the company, valued at approximately $2,602,342.40. This represents a 12.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 165,709 shares of company stock valued at $10,956,914. 0.93% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UNM has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Barclays raised their price target on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. cut their target price on Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Finally, Bank of America raised their price objective on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.73.

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.