Flagship Harbor Advisors LLC Makes New $218,000 Investment in Unum Group (NYSE:UNM)

Flagship Harbor Advisors LLC bought a new stake in Unum Group (NYSE:UNM) in the fourth quarter, HoldingsChannel reports. The fund bought 2,980 shares of the financial services provider’s stock, valued at approximately $218,000.

A number of other large investors have also modified their holdings of UNM. Jacobs Levy Equity Management Inc. grew its position in Unum Group by 151.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after acquiring an additional 307,175 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Unum Group by 50.0% in the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after purchasing an additional 156,380 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Unum Group by 183.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 170,100 shares of the financial services provider’s stock valued at $8,694,000 after purchasing an additional 110,100 shares in the last quarter. International Assets Investment Management LLC increased its stake in Unum Group by 5,844.0% during the 3rd quarter. International Assets Investment Management LLC now owns 101,048 shares of the financial services provider’s stock worth $6,006,000 after buying an additional 99,348 shares during the period. Finally, Algert Global LLC lifted its holdings in Unum Group by 69.5% in the 3rd quarter. Algert Global LLC now owns 236,264 shares of the financial services provider’s stock worth $14,044,000 after buying an additional 96,916 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UNM shares. BMO Capital Markets initiated coverage on Unum Group in a research report on Thursday, January 23rd. They set an “outperform” rating and a $91.00 target price on the stock. Bank of America upped their target price on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley raised their price target on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their price objective on Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Finally, UBS Group upgraded shares of Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.75.

Unum Group Stock Down 0.3 %

Shares of UNM stock opened at $77.07 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 business’s fifty day moving average is $74.22 and its 200-day moving average is $64.36. Unum Group has a 1 year low of $46.39 and a 1 year high of $77.69. The stock has a market cap of $14.07 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81.

Unum Group (NYSE:UNM) last announced its 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 company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.94 earnings per share. Equities analysts expect that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Insider Buying and Selling at Unum Group

In other news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the completion of the sale, the executive vice president now owns 54,827 shares of the company’s stock, valued at $4,217,292.84. This represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,914 shares of company stock worth $7,677,945 over the last 90 days. 0.93% of the stock is currently owned by corporate insiders.

Unum Group 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.