DMC Group LLC Raises Holdings in Unum Group (NYSE:UNM)

DMC Group LLC lifted its stake in Unum Group (NYSE:UNM) by 57.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,105 shares of the financial services provider’s stock after acquiring an additional 2,605 shares during the period. DMC Group LLC’s holdings in Unum Group were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in shares of Unum Group by 347.7% in the second quarter. Mackenzie Financial Corp now owns 101,462 shares of the financial services provider’s stock worth $5,186,000 after buying an additional 78,801 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Unum Group by 9.5% in the 2nd quarter. Cetera Investment Advisers now owns 36,132 shares of the financial services provider’s stock valued at $1,847,000 after acquiring an additional 3,143 shares during the period. Sanctuary Advisors LLC purchased a new position in Unum Group in the 2nd quarter worth $1,141,000. Newbridge Financial Services Group Inc. acquired a new stake in Unum Group during the 2nd quarter worth about $133,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Unum Group by 183.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 170,100 shares of the financial services provider’s stock valued at $8,694,000 after purchasing an additional 110,100 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America lifted their price objective on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Piper Sandler upped their price objective on shares of Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Truist Financial boosted 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, Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $76.75.

Unum Group Price Performance

NYSE:UNM opened at $77.41 on Thursday. The stock has a market capitalization of $14.14 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81. Unum Group has a 52 week low of $46.39 and a 52 week high of $77.65. 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 stock’s 50-day moving average price is $74.19 and its 200-day moving average price is $64.27.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the business earned $1.94 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. As a group, equities analysts expect that Unum Group will post 8.54 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.17%. The ex-dividend date is Friday, January 24th. Unum Group’s payout ratio is presently 18.18%.

Insiders Place Their Bets

In related news, EVP Lisa G. Iglesias sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $72.61, for a total transaction of $363,050.00. Following the completion of the sale, the executive vice president now directly owns 35,840 shares in the company, valued at approximately $2,602,342.40. The trade was a 12.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher W. Pyne sold 3,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the transaction, the executive vice president now owns 50,762 shares in the company, valued at $3,554,355.24. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,914 shares of company stock worth $7,677,945. Company insiders own 0.93% of the company’s stock.

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.