Point72 Hong Kong Ltd Acquires 46,719 Shares of Unum Group (NYSE:UNM)

Point72 Hong Kong Ltd lifted its holdings in shares of Unum Group (NYSE:UNM) by 1,248.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 50,460 shares of the financial services provider’s stock after purchasing an additional 46,719 shares during the period. Point72 Hong Kong Ltd’s holdings in Unum Group were worth $2,999,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc boosted its position in Unum Group by 361.5% during the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock valued at $26,000 after buying an additional 394 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Unum Group in the second quarter valued at about $26,000. 1620 Investment Advisors Inc. bought a new position in Unum Group during the 2nd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in Unum Group in the third quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Unum Group during the third quarter valued at about $37,000. Institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UNM shares. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Wells Fargo & Company increased their price objective on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. UBS Group raised shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Bank of America lifted their price objective on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.73.

Unum Group Price Performance

NYSE UNM opened at $76.90 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 12 month low of $42.09 and a 12 month high of $77.63. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.10 and a beta of 0.76. The company’s 50 day moving average is $65.87 and its two-hundred day moving average is $57.56.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Insider Buying and Selling

In related news, EVP Christopher W. Pyne sold 3,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the transaction, the executive vice president now owns 50,762 shares in the company, valued at approximately $3,554,355.24. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lisa G. Iglesias sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the transaction, the executive vice president now directly owns 35,840 shares of the company’s stock, valued at $2,602,342.40. The trade was a 12.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,709 shares of company stock worth $10,956,914. 0.93% of the stock is owned by corporate insiders.

About Unum Group

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.