Cibc World Market Inc. bought a new position in Unum Group (NYSE:UNM – Free Report) in the second quarter, HoldingsChannel reports. The firm bought 58,387 shares of the financial services provider’s stock, valued at approximately $5,220,000.
Several other large investors have also recently modified their holdings of the stock. Prosperity Consulting Group LLC raised its holdings in Unum Group by 1.6% during the 1st quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock valued at $596,000 after buying an additional 128 shares during the period. D.A. Davidson & CO. increased its position in Unum Group by 1.9% during the first quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 144 shares during the last quarter. WPG Advisers LLC increased its position in Unum Group by 12.5% during the second quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 145 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Unum Group by 5.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 149 shares during the period. Finally, Larson Financial Group LLC raised its position in Unum Group by 0.4% in the 4th quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock worth $2,934,000 after purchasing an additional 159 shares during the period. Institutional investors own 86.57% of the company’s stock.
Unum Group Stock Performance
Shares of UNM opened at $89.80 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The firm has a market cap of $14.22 billion, a PE ratio of 20.93, a P/E/G ratio of 0.95 and a beta of 0.26. Unum Group has a 12 month low of $68.70 and a 12 month high of $94.55. The stock has a fifty day moving average price of $89.29 and a 200-day moving average price of $81.91.
Unum Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were issued a $0.505 dividend. This is an increase from Unum Group’s previous quarterly dividend of $0.46. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, July 24th. Unum Group’s dividend payout ratio is 47.09%.
Analyst Ratings Changes
Several analysts have recently weighed in on UNM shares. Jefferies Financial Group lifted their target price on Unum Group from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Barclays upped their price target on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Morgan Stanley raised their price target on shares of Unum Group from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Monday. Weiss Ratings upgraded shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, Wells Fargo & Company upped their target price on shares of Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $99.42.
Read Our Latest Research Report 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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