Rafferty Asset Management LLC Has $2.64 Million Stock Position in Unum Group (NYSE:UNM)

Rafferty Asset Management LLC lifted its position in shares of Unum Group (NYSE:UNMGet Rating) by 9.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,509 shares of the financial services provider’s stock after buying an additional 9,649 shares during the quarter. Rafferty Asset Management LLC owned about 0.05% of Unum Group worth $2,641,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Unum Group by 5.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,593,954 shares of the financial services provider’s stock worth $115,124,000 after buying an additional 228,694 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Unum Group by 23.3% during the third quarter. Bank of New York Mellon Corp now owns 3,698,210 shares of the financial services provider’s stock worth $92,677,000 after buying an additional 699,437 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Unum Group by 16.3% during the third quarter. Goldman Sachs Group Inc. now owns 1,748,897 shares of the financial services provider’s stock worth $43,828,000 after buying an additional 244,632 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Unum Group by 1.6% during the third quarter. Morgan Stanley now owns 1,616,407 shares of the financial services provider’s stock worth $40,508,000 after buying an additional 25,266 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Unum Group by 47.1% during the third quarter. Two Sigma Advisers LP now owns 1,583,400 shares of the financial services provider’s stock worth $39,680,000 after buying an additional 506,900 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

In other news, CEO Richard P. Mckenney sold 35,271 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $36.49, for a total transaction of $1,287,038.79. Following the sale, the chief executive officer now directly owns 990,367 shares in the company, valued at $36,138,491.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Cherie Pashley sold 7,033 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $35.68, for a total value of $250,937.44. Following the sale, the chief accounting officer now owns 18,413 shares in the company, valued at $656,975.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,453 shares of company stock worth $3,365,621. Company insiders own 0.77% of the company’s stock.

A number of research firms recently commented on UNM. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Wolfe Research began coverage on Unum Group in a research note on Friday, January 21st. They issued a “market perform” rating and a $26.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Unum Group from $30.00 to $34.00 in a research note on Tuesday, April 5th. Zacks Investment Research downgraded Unum Group from a “hold” rating to a “sell” rating and set a $29.00 price target for the company. in a research note on Wednesday, February 23rd. Finally, Jefferies Financial Group began coverage on Unum Group in a research note on Tuesday, January 25th. They issued a “hold” rating and a $27.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.38.

Shares of NYSE UNM opened at $36.38 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.58 and a beta of 1.44. Unum Group has a 12 month low of $22.25 and a 12 month high of $36.73. The stock has a 50-day moving average price of $31.83 and a two-hundred day moving average price of $28.10.

Unum Group (NYSE:UNMGet Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported $1.36 EPS for the quarter, topping the consensus estimate of $0.79 by $0.57. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.02 billion. Unum Group had a return on equity of 8.67% and a net margin of 7.75%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. On average, sell-side analysts predict that Unum Group will post 5.16 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Shareholders of record on Friday, April 29th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, April 28th. Unum Group’s payout ratio is 26.55%.

Unum Group Profile (Get Rating)

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