Landscape Capital Management L.L.C. acquired a new position in shares of Unum Group (NYSE:UNM – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,581 shares of the financial services provider’s stock, valued at approximately $1,482,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Unum Group during the fourth quarter worth about $1,108,919,000. Zurich Insurance Group Ltd FI acquired a new position in shares of Unum Group during the 4th quarter worth about $58,860,000. Alyeska Investment Group L.P. raised its position in shares of Unum Group by 365.3% during the 4th quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock worth $72,116,000 after purchasing an additional 730,534 shares during the last quarter. Donald Smith & CO. Inc. purchased a new position in Unum Group in the 2nd quarter valued at about $58,064,000. Finally, AQR Capital Management LLC lifted its stake in Unum Group by 35.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,339,289 shares of the financial services provider’s stock valued at $181,622,000 after buying an additional 607,684 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.
Unum Group Price Performance
UNM stock opened at $87.75 on Friday. Unum Group has a 1 year low of $68.70 and a 1 year high of $94.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $13.89 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.93 and a beta of 0.26. The business has a 50 day simple moving average of $89.38 and a 200-day simple moving average of $81.70.
Unum Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were paid a $0.505 dividend. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, July 24th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.3%. Unum Group’s dividend payout ratio is 47.09%.
Wall Street Analyst Weigh In
UNM has been the subject of several research reports. Wolfe Research cut their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Weiss Ratings raised Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods dropped their price target on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. UBS Group set a $94.00 price target on Unum Group in a research report on Tuesday, July 7th. Finally, Atlantic Securities set a $88.00 price objective on Unum Group in a research note on Wednesday, July 15th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Unum Group presently has a consensus rating of “Moderate Buy” and an average price target of $99.00.
View Our Latest Analysis on UNM
Unum Group Company Profile
Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.
In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.
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