Traders Buy Large Lots of Unum Group (NYSE:UNM) Call Options

Unum Group (NYSE:UNM) saw unusually large options trading activity on Friday. Traders bought 15,775 call options on the stock. This represents an increase of approximately 615% over the average daily volume of 2,205 call options.

shares of UNM rose $0.45 during Friday’s trading hours to hit $29.24. 3,322,914 shares of hands traded compared to its average volume of 2,587,900. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt to equity ratio of 0.31. Unum Group has a 1-year low of $22.25 and a 1-year high of $31.98. The company has a market cap of $5.98 billion, a P/E of 7.61, a price-to-earnings-to-growth ratio of 0.63 and a beta of 1.67. The company has a 50-day moving average of $25.64 and a 200-day moving average of $25.95.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Monday, January 31st. The financial services firm reported earnings per share (EPS) of $0.89 for the quarter, beating the consensus estimate of $0.84 by $0.05. Unum Group had a return on equity of 8.68% and a net margin of 6.01%. The company had revenue of $2.99 ​​billion in the quarter, compared to analyst estimates of $2.98 billion. In the same quarter last year, the company reported earnings per share of $1.15. The company’s revenue for the quarter increased 0.6% compared to the same quarter last year. As a group, equity analysts expect Unum Group to report fiscal year-to-date earnings per share of 4.29.

Unum Group announced that its board of directors initiated a share buyback program on Monday, October 25, allowing the company to repurchase $250.00 million in stock. This buyback authorization allows the financial services provider to acquire up to 4.4% of its shares through purchases on the open market. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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The company also recently announced a quarterly dividend, which will be paid on Friday, February 18th. Shareholders of record on Friday, January 28 will receive a dividend of $0.30. That equates to an annualized dividend of $1.20 and a yield of 4.10%. The ex-dividend date of this dividend is Thursday January 27th. The payout ratio of Unum Group is 30.77%.

Several institutional investors have recently changed their positions in UNM. Clearbridge Investments LLC increased its stake in Unum Group shares by 721.5% in the second quarter. Clearbridge Investments LLC now owns 2,227,089 shares of the financial services provider valued at $63,249,000 after purchasing an additional 1,955,978 shares last quarter. State Street Corp increased its ownership of Unum Group stock by 10.4% in the second quarter. State Street Corp now owns 10,789,006 shares of the financial services provider valued at $306,408,000 after purchasing an additional 1,016,913 shares last quarter. Assenagon Asset Management SA increased its stake in Unum Group shares by 2,432.7% in the third quarter. Assenagon Asset Management SA now owns 844,440 shares of the financial services provider, valued at $21,162,000, after acquiring an additional 811,098 shares last quarter. Two Sigma Investments LP increased its stake in Unum Group shares by 106.3% in the third quarter. Two Sigma Investments LP now owns 1,568,956 shares of the financial services firm valued at $39,318,000 after purchasing an additional 808,400 shares last quarter. Finally, Bank of New York Mellon Corp increased its holdings of Unum Group stock by 23.3% during the third quarter. Bank of New York Mellon Corp now owns 3,698,210 shares of the financial services provider, valued at $92,677,000, after buying another 699,437 shares last quarter. Institutional investors own 83.09% of the company’s shares.

Several analysts have recently commented on the stock. Jefferies Financial Group took over coverage of Unum Group shares in a research report on Tuesday, January 25th. They gave the company a hold rating and a price target of $27.00. Wolfe Research began reporting shares of Unum Group in a research note on Friday, January 21st. They issued a “Market Perform” rating and a price target of $26.00 on the stock. Barclays lowered its price target on Unum Group shares to $25.00 from $28.00 and ranked the stock as “underweight” in a research note on Tuesday, January 11. Finally, Goldman Sachs Group began reporting shares of Unum Group in a report on Thursday, December 2nd. They put a “buy” rating on the stock and a price target of $32.00. One analyst has rated the stock with a sell rating, six with a hold rating and one with a buy rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $28.44.

About the Unum Group

Unum Group is committed to providing financial protection services. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block and Corporate. Unum’s US segment includes long-term and short-term disability insurance, group life and accidental death and disability products, and supplemental and voluntary lines of business.

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