Unum Group (NYSE:UNM) Shares Sold by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. lowered its holdings in Unum Group (NYSE:UNM – Free Report) by 17.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,578 shares of the financial services provider’s stock after selling 3,321 shares during the quarter. Unum Group accounts for 0.7% of Lifestyle Asset Management Inc.’s holdings, making the stock its 26th biggest position. Lifestyle Asset Management Inc.’s holdings in Unum Group were worth $1,269,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNM. Barrett & Company Inc. boosted its holdings in Unum Group by 300.0% during the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock worth $29,000 after buying an additional 297 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Unum Group during the fourth quarter worth about $38,000. Millstone Evans Group LLC purchased a new position in shares of Unum Group in the fourth quarter valued at approximately $45,000. Duncker Streett & Co. Inc. purchased a new position in Unum Group in the fourth quarter worth approximately $58,000. Finally, V Square Quantitative Management LLC lifted its stake in Unum Group by 36.5% in the fourth quarter. V Square Quantitative Management LLC now owns 958 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UNM shares. Barclays lifted their target price on shares of Unum Group from $85.00 to $89.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Morgan Stanley increased their price target on shares of Unum Group from $76.00 to $83.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. JPMorgan Chase & Co. raised their target price on shares of Unum Group from $81.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. UBS Group set a $89.00 price target on shares of Unum Group and gave the company a “neutral” rating in a report on Friday, May 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Unum Group from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Unum Group currently has a consensus rating of “Moderate Buy” and an average price target of $88.29.

Check Out Our Latest Research Report on Unum Group

Unum Group Price Performance

Unum Group stock opened at $80.73 on Thursday. Unum Group has a 52 week low of $48.38 and a 52 week high of $84.48. The business has a 50-day simple moving average of $78.62 and a 200 day simple moving average of $76.84. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 8.52, a PEG ratio of 1.14 and a beta of 0.38.

Unum Group (NYSE:UNM – Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.15). The firm had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.34 billion. Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. On average, research analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.08%. Unum Group’s dividend payout ratio is presently 19.79%.

Unum Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 7.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the sale, the executive vice president now owns 51,170 shares in the company, valued at $4,093,600. This represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.92% of the company’s stock.

Unum Group Company Profile

(Free Report)

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.

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