Measured Wealth Private Client Group LLC Purchases Shares of 7,276 Unum Group (NYSE:UNM)

Measured Wealth Private Client Group LLC acquired a new position in shares of Unum Group (NYSE:UNM) during the 4th quarter, Holdings Channel reports. The fund acquired 7,276 shares of the financial services provider’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Unum Group in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unum Group in the 3rd quarter worth about $37,000. V Square Quantitative Management LLC raised its position in shares of Unum Group by 38.2% during the 3rd 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 in the last quarter. Quarry LP raised its position in shares of Unum Group by 4,794.7% during the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider’s stock valued at $55,000 after buying an additional 911 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Unum Group by 26.4% in the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 160 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Hanley Ronald P. O sold 14,299 shares of Unum Group 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 transaction, the director now directly owns 38,819 shares of the company’s stock, valued at $2,798,849.90. This trade represents a 26.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard P. Mckenney sold 58,865 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the completion of the transaction, the chief executive officer now directly owns 1,007,003 shares of the company’s stock, valued at $75,917,956.17. This trade represents a 5.52 % decrease in their position. 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. Company insiders own 0.93% of the company’s stock.

Unum Group Trading Down 1.4 %

Shares of UNM opened at $76.62 on Friday. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.08 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a 1-year low of $46.64 and a 1-year high of $79.43. The company has a 50-day moving average of $74.24 and a 200 day moving average of $65.08.

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

Unum Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UNM shares. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. BMO Capital Markets started coverage on Unum Group in a report on Thursday, January 23rd. They set an “outperform” rating and a $91.00 price target on the stock. Jefferies Financial Group lifted their price objective 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. Barclays increased their target price on shares of Unum Group from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Piper Sandler lifted their price target on shares of Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Unum Group presently 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.