Unum Group (NYSE:UNM) Shares Acquired by MUFG Securities EMEA plc

MUFG Securities EMEA plc lifted its position in Unum Group (NYSE:UNM) by 570.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 350,000 shares of the financial services provider’s stock after purchasing an additional 297,800 shares during the quarter. MUFG Securities EMEA plc owned about 0.17% of Unum Group worth $11,743,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UNM. Investors Research Corp boosted its holdings in Unum Group by 4.6% in the 2nd quarter. Investors Research Corp now owns 6,800 shares of the financial services provider’s stock worth $228,000 after buying an additional 300 shares during the last quarter. First Republic Investment Management Inc. increased its holdings in shares of Unum Group by 2.1% in the 1st quarter. First Republic Investment Management Inc. now owns 17,318 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 364 shares during the last quarter. Stanley Laman Group Ltd. increased its holdings in shares of Unum Group by 2.5% in the 2nd quarter. Stanley Laman Group Ltd. now owns 15,315 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 380 shares during the last quarter. Commerce Bank raised its position in shares of Unum Group by 2.5% during the 2nd quarter. Commerce Bank now owns 17,493 shares of the financial services provider’s stock worth $587,000 after acquiring an additional 428 shares in the last quarter. Finally, Copperwynd Financial LLC raised its position in shares of Unum Group by 3.9% during the 2nd quarter. Copperwynd Financial LLC now owns 11,662 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 433 shares in the last quarter. 95.61% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on UNM. Credit Suisse Group began coverage on shares of Unum Group in a research report on Wednesday, July 10th. They issued an “underperform” rating on the stock. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a report on Thursday, May 30th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a research report on Thursday, June 6th. ValuEngine cut shares of Unum Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 29th. Finally, Barclays set a $36.00 price target on shares of Unum Group and gave the stock a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.25.

Shares of UNM stock traded up $0.42 during midday trading on Wednesday, hitting $29.03. The company had a trading volume of 206,123 shares, compared to its average volume of 2,260,980. The company’s 50 day simple moving average is $28.06 and its 200 day simple moving average is $33.11. Unum Group has a 52-week low of $24.71 and a 52-week high of $40.76. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 5.58, a PEG ratio of 0.56 and a beta of 1.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.17 and a quick ratio of 0.17.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. Unum Group had a return on equity of 12.90% and a net margin of 4.46%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Unum Group will post 5.45 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, July 29th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, July 26th. This is a boost from Unum Group’s previous quarterly dividend of $0.26. Unum Group’s dividend payout ratio (DPR) is 21.92%.

Unum Group Company Profile

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, 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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