Polianta Ltd Purchases New Shares in Unum Group (NYSE:UNM)

Polianta Ltd acquired a new position in shares of Unum Group (NYSE:UNM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,000 shares of the financial services provider’s stock, valued at approximately $1,241,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of UNM. Capital Performance Advisors LLP acquired a new stake in Unum Group in the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Unum Group in the third quarter valued at approximately $37,000. V Square Quantitative Management LLC boosted its stake in shares of Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after buying an additional 194 shares during the period. Versant Capital Management Inc grew its position in Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after buying an additional 160 shares in the last quarter. Finally, William B. Walkup & Associates Inc. bought a new position in Unum Group during the 2nd quarter worth $44,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Price Performance

Unum Group stock opened at $75.02 on Friday. The stock has a market cap of $13.70 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.97 and a beta of 0.81. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average price is $73.60 and its two-hundred day moving average price is $62.89. Unum Group has a 52 week low of $45.23 and a 52 week high of $77.63.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio is 18.18%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $79.00 target price (up from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. UBS Group upgraded Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Truist Financial raised their target price on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Jefferies Financial Group raised their price objective on shares of Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.45.

Insider Buying and Selling at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the transaction, the executive vice president now directly owns 58,741 shares of the company’s stock, valued at approximately $3,768,822.56. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the transaction, the executive vice president now owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,914 shares of company stock worth $7,998,745 over the last three months. 0.93% of the stock is currently owned by insiders.

Unum Group Company Profile

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.