BRIEF: Unum shares dip to level not seen since April 2013

Feb. 04--Shares of Chattanooga-based disability insurer Unum Group closed at a two-and-a-half year low on Wednesday even though the company beat fourth quarter analyst expectations for earnings.

Unum shares closed at $26.86, down 58 cents, or 2.11 percent on the New York Stock Exchange on Wednesday.

That's the lowest price since April 22, 2013, when the insurer's stock price closed at $26.45.

The company has been on a share buy-back program.

Rick McKenney, the company's chief executive, told analysts in a conference call on Wednesday that the business will be buying "a lot more shares concerning where the price is now."

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