Clearbridge Investments LLC Increases Stock Holdings in Unum Group (NYSE:UNM)

Clearbridge Investments LLC boosted its position in Unum Group (NYSE:UNM) by 721.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,227,089 shares of the financial services provider’s stock after purchasing an additional 1,955,978 shares during the period. Clearbridge Investments LLC’s holdings in Unum Group were worth $63,249,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of UNM. Teacher Retirement System of Texas lifted its position in shares of Unum Group by 22.1% during the 1st quarter. Teacher Retirement System of Texas now owns 22,779 shares of the financial services provider’s stock valued at $634,000 after buying an additional 4,125 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Unum Group by 17.5% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 366,365 shares of the financial services provider’s stock valued at $8,404,000 after buying an additional 54,670 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Unum Group by 2.5% during the 1st quarter. JPMorgan Chase & Co. now owns 316,587 shares of the financial services provider’s stock valued at $8,811,000 after buying an additional 7,817 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Unum Group during the 1st quarter valued at about $1,359,000. Finally, Cresset Asset Management LLC lifted its position in shares of Unum Group by 20.3% during the 1st quarter. Cresset Asset Management LLC now owns 20,482 shares of the financial services provider’s stock valued at $570,000 after buying an additional 3,453 shares in the last quarter. 82.79% of the stock is currently owned by hedge funds and other institutional investors.

UNM has been the topic of a number of analyst reports. lifted their price objective on Unum Group from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, June 21st. Morgan Stanley boosted their price target on Unum Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, July 15th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Unum Group has a consensus rating of “Hold” and an average target price of $28.14.

NYSE:UNM opened at $27.05 on Thursday. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 1.09 and a beta of 1.73. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.29 and a quick ratio of 0.29. The stock’s 50 day simple moving average is $26.10 and its two-hundred day simple moving average is $27.88. Unum Group has a 1 year low of $15.93 and a 1 year high of $31.98.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, August 3rd. The financial services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.26. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. Unum Group had a return on equity of 9.05% and a net margin of 5.27%. As a group, analysts anticipate that Unum Group will post 4.84 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 20th. Stockholders of record on Friday, July 30th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, July 29th. This represents a $1.20 annualized dividend and a dividend yield of 4.44%. This is an increase from Unum Group’s previous quarterly dividend of $0.29. Unum Group’s payout ratio is currently 24.34%.

In other Unum Group news, EVP Lisa G. Iglesias sold 20,000 shares of the company’s stock in a transaction on Thursday, September 2nd. The stock was sold at an average price of $26.50, for a total value of $530,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.62% of the company’s stock.

Unum Group Company Profile

Unum Group is engaged in providing financial protection benefits. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block and Corporate. The Unum US segment comprises of group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.

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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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