Clearbridge Investments LLC Buys 1,955,978 Shares of Unum Group (NYSE:UNM)

Clearbridge Investments LLC raised its holdings in shares of Unum Group (NYSE:UNM) by 721.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,227,089 shares of the financial services provider’s stock after purchasing an additional 1,955,978 shares during the quarter. Clearbridge Investments LLC owned 1.09% of Unum Group worth $63,249,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UNM. Clearstead Advisors LLC bought a new stake in Unum Group during the 2nd quarter valued at $27,000. Loomis Sayles & Co. L P increased its stake in Unum Group by 57.5% during the 1st quarter. Loomis Sayles & Co. L P now owns 1,249 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 456 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new position in shares of Unum Group in the 2nd quarter worth about $38,000. Daiwa Securities Group Inc. boosted its holdings in shares of Unum Group by 49.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,391 shares of the financial services provider’s stock worth $40,000 after buying an additional 460 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Unum Group by 46.3% in the 2nd quarter. Huntington National Bank now owns 1,463 shares of the financial services provider’s stock worth $41,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 82.79% of the company’s stock.

In other Unum Group news, EVP Lisa G. Iglesias sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 2nd. The shares were sold at an average price of $26.50, for a total transaction of $530,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by company insiders.

A number of equities analysts recently weighed in on UNM shares. Morgan Stanley boosted their price target on shares of Unum Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Thursday, July 15th. upped their price objective on shares of Unum Group from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, June 21st. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $28.14.

UNM stock opened at $27.05 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $26.10 and its 200 day moving average is $27.88. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.73. Unum Group has a 1-year low of $15.93 and a 1-year high of $31.98.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, August 20th. Shareholders of record on Friday, July 30th were given a dividend of $0.30 per share. This is a boost from Unum Group’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Thursday, July 29th. Unum Group’s dividend payout ratio (DPR) is presently 24.34%.

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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