Calamos Advisors LLC continued to hold its position in shares of Unum Group (NYSE:UNM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,425 shares of the financial services provider’s stock at the end of the 2nd quarter. Calamos Advisors LLC’s holdings in Unum Group were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently bought and sold shares of UNM. BlackRock Inc. grew its stake in shares of Unum Group by 2,690.7% in the 1st quarter. BlackRock Inc. now owns 16,788,648 shares of the financial services provider’s stock valued at $787,221,000 after buying an additional 16,187,062 shares during the period. AQR Capital Management LLC grew its stake in shares of Unum Group by 32.4% in the 1st quarter. AQR Capital Management LLC now owns 5,699,745 shares of the financial services provider’s stock valued at $267,262,000 after buying an additional 1,395,330 shares during the period. Prudential Financial Inc. grew its stake in shares of Unum Group by 75.8% in the 1st quarter. Prudential Financial Inc. now owns 2,381,719 shares of the financial services provider’s stock valued at $111,679,000 after buying an additional 1,026,653 shares during the period. Systematic Financial Management LP grew its stake in shares of Unum Group by 181.1% in the 1st quarter. Systematic Financial Management LP now owns 1,362,845 shares of the financial services provider’s stock valued at $63,904,000 after buying an additional 878,031 shares during the period. Finally, Janus Capital Management LLC grew its stake in shares of Unum Group by 177.8% in the 1st quarter. Janus Capital Management LLC now owns 1,246,145 shares of the financial services provider’s stock valued at $58,432,000 after buying an additional 797,551 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently weighed in on the stock. Barclays PLC increased their price target on shares of Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday, August 24th. BidaskClub raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 11th. Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a research note on Sunday, July 30th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Unum Group in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.44.
Unum Group (NYSE UNM) opened at 47.11 on Friday. The company’s 50 day moving average is $48.86 and its 200-day moving average is $47.24. The stock has a market cap of $10.63 billion, a PE ratio of 11.35 and a beta of 1.57. Unum Group has a 52-week low of $33.98 and a 52-week high of $51.43.
Unum Group (NYSE:UNM) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. On average, equities analysts anticipate that Unum Group will post $4.17 earnings per share for the current year.
Unum Group announced that its board has initiated a share repurchase plan on Thursday, May 25th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, July 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.95%. This is an increase from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 27th. Unum Group’s payout ratio is presently 22.17%.
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In related news, Director Gloria C. Larson sold 2,460 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total value of $123,565.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela H. Godwin sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,960 shares of company stock valued at $932,391. 0.53% of the stock is owned by insiders.
Unum Group 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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