Unum Group (NYSE:UNM) Shares Sold by OLD Second National Bank of Aurora
OLD Second National Bank of Aurora decreased its position in shares of Unum Group (NYSE:UNM) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,868 shares of the financial services provider’s stock after selling 845 shares during the period. OLD Second National Bank of Aurora’s holdings in Unum Group were worth $2,579,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its position in Unum Group by 68.3% in the 1st quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 299 shares in the last quarter. Private Capital Group LLC raised its position in Unum Group by 194.2% in the 1st quarter. Private Capital Group LLC now owns 1,162 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 767 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Unum Group in the 1st quarter valued at about $46,000. Quadrant Capital Group LLC raised its position in Unum Group by 510.7% in the 1st quarter. Quadrant Capital Group LLC now owns 2,064 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,726 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Unum Group by 182.4% in the 1st quarter. North Star Investment Management Corp. now owns 2,090 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 1,350 shares in the last quarter. 90.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on UNM shares. ValuEngine upgraded Marriott Vacations Worldwide from a “sell” rating to a “hold” rating in a report on Monday. Credit Suisse Group started coverage on LTC Properties in a report on Wednesday, July 10th. They issued an “underperform” rating and a $19.00 price objective on the stock. Morgan Stanley increased their price objective on Williams-Sonoma from $52.00 to $56.00 and gave the company an “underweight” rating in a report on Wednesday, July 10th. TheStreet downgraded Zumiez from a “b” rating to a “c+” rating in a report on Thursday, June 6th. Finally, Zacks Investment Research upgraded Icon from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Unum Group has a consensus rating of “Hold” and a consensus target price of $40.00.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $1.31 EPS for the quarter, meeting analysts’ consensus estimates of $1.31. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.99 billion. Unum Group had a return on equity of 12.91% and a net margin of 4.54%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 EPS. Analysts forecast that Unum Group will post 5.42 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, July 29th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, July 26th. This is an increase from Unum Group’s previous quarterly dividend of $0.26. Unum Group’s dividend payout ratio (DPR) is currently 21.92%.
In related news, Director Gloria C. Larson sold 1,602 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total transaction of $53,747.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.
Unum Group Profile
Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. 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.
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