Waterfront Wealth Inc. Grows Holdings in Unum Group (NYSE:UNM)

Waterfront Wealth Inc. raised its position in Unum Group (NYSE:UNM) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,905 shares of the financial services provider’s stock after buying an additional 1,303 shares during the period. Waterfront Wealth Inc.’s holdings in Unum Group were worth $1,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. purchased a new stake in shares of Unum Group during the fourth quarter worth about $36,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Unum Group by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,479 shares of the financial services provider’s stock worth $1,921,000 after purchasing an additional 4,910 shares in the last quarter. Strs Ohio increased its stake in shares of Unum Group by 21.3% during the fourth quarter. Strs Ohio now owns 46,870 shares of the financial services provider’s stock worth $2,119,000 after purchasing an additional 8,244 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Unum Group by 499.8% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 44,384 shares of the financial services provider’s stock worth $2,007,000 after purchasing an additional 36,984 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in Unum Group during the fourth quarter worth about $2,329,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the sale, the chief executive officer now directly owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the sale, the chief executive officer now directly owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now owns 55,450 shares in the company, valued at $2,772,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 81,000 shares of company stock worth $4,018,100. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UNM shares. The Goldman Sachs Group boosted their price target on shares of Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Morgan Stanley boosted their price target on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company boosted their price target on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, StockNews.com upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $56.38.

Unum Group Trading Down 0.5 %

NYSE:UNM traded down $0.23 on Wednesday, hitting $50.16. The stock had a trading volume of 783,309 shares, compared to its average volume of 1,432,392. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.36. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.00 and a beta of 0.87. The company has a fifty day moving average price of $50.89 and a two-hundred day moving average price of $47.56. Unum Group has a 1-year low of $40.04 and a 1-year high of $54.57.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.07). Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts expect that Unum Group will post 8.18 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.46 annualized dividend and a dividend yield of 2.91%. Unum Group’s dividend payout ratio is currently 22.50%.

Unum Group Company 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.