Unum Group (NYSE:UNM) Position Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Unum Group (NYSE:UNM) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,747 shares of the financial services provider’s stock after selling 3,623 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Unum Group were worth $6,481,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Barrett & Company Inc. grew its stake in shares of Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Kestra Investment Management LLC bought a new position in Unum Group during the fourth quarter valued at approximately $38,000. Capital Performance Advisors LLP acquired a new stake in Unum Group in the third quarter valued at approximately $31,000. Versant Capital Management Inc grew its position in Unum Group by 26.4% in the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 160 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Unum Group by 28.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 179 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Trading Down 1.2 %

Shares of UNM stock opened at $81.29 on Tuesday. The firm has a market capitalization of $14.84 billion, a P/E ratio of 8.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80. Unum Group has a 1 year low of $48.38 and a 1 year high of $83.96. The firm’s fifty day simple moving average is $74.93 and its 200 day simple moving average is $67.83. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. As a group, sell-side analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.07%. Unum Group’s dividend payout ratio is currently 17.74%.

Unum Group announced that its board has initiated a share repurchase plan on Tuesday, February 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 7.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UNM. Piper Sandler upped their price objective on shares of Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. BMO Capital Markets upped their price target on Unum Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday. StockNews.com lowered Unum Group from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Jefferies Financial Group boosted their target price on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and increased their price target for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.83.

Unum Group 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.