67,500 Shares in Unum Group (NYSE:UNM) Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Unum Group (NYSE:UNM) during the fourth quarter, Holdings Channel reports. The fund purchased 67,500 shares of the financial services provider’s stock, valued at approximately $4,930,000.

A number of other institutional investors have also bought and sold shares of UNM. Measured Wealth Private Client Group LLC bought a new position in shares of Unum Group during the 4th quarter worth about $531,000. Bleakley Financial Group LLC raised its holdings in shares of Unum Group by 3.5% in the 4th quarter. Bleakley Financial Group LLC now owns 7,044 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 235 shares during the last quarter. Robertson Stephens Wealth Management LLC purchased a new stake in Unum Group in the 4th quarter valued at about $233,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Unum Group by 13.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 127,163 shares of the financial services provider’s stock valued at $9,307,000 after buying an additional 14,890 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in Unum Group in the 4th quarter valued at about $216,000. Institutional investors own 86.57% of the company’s stock.

Unum Group Price Performance

Shares of NYSE:UNM opened at $76.62 on Friday. The stock has a market cap of $13.99 billion, a PE ratio of 8.29, a PEG ratio of 1.08 and a beta of 0.80. The company’s fifty day moving average is $74.24 and its 200 day moving average is $65.08. Unum Group has a 52 week low of $46.64 and a 52 week high of $79.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.76% and a return on equity of 15.21%. Research analysts anticipate that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a $0.42 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.19%. Unum Group’s dividend payout ratio is presently 18.18%.

Insider Transactions at Unum Group

In other Unum Group news, Director Gloria C. Larson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $74.50, for a total transaction of $745,000.00. Following the completion of the sale, the director now directly owns 121,491 shares of the company’s stock, valued at approximately $9,051,079.50. This represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hanley Ronald P. O sold 14,299 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $72.10, for a total transaction of $1,030,957.90. Following the sale, the director now directly owns 38,819 shares of the company’s stock, valued at approximately $2,798,849.90. This represents a 26.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,164 shares of company stock worth $7,346,040. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 price objective (up previously from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. Piper Sandler increased their price objective on shares of Unum Group from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group raised their price target on shares of Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley raised their price target on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $79.45.

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.