Aigen Investment Management LP Acquires Shares of 13,129 Unum Group (NYSE:UNM)

Aigen Investment Management LP bought a new position in Unum Group (NYSE:UNM - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,129 shares of the financial services provider's stock, valued at approximately $780,000.

Several other institutional investors have also made changes to their positions in UNM. ProShare Advisors LLC increased its position in shares of Unum Group by 89.8% in the second quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider's stock worth $61,728,000 after acquiring an additional 571,436 shares in the last quarter. Victory Capital Management Inc. grew its position in Unum Group by 62.9% during the second quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider's stock valued at $57,237,000 after purchasing an additional 432,240 shares in the last quarter. Sei Investments Co. grew its position in Unum Group by 105.8% during the first quarter. Sei Investments Co. now owns 377,627 shares of the financial services provider's stock valued at $20,263,000 after purchasing an additional 194,125 shares in the last quarter. M&G Plc purchased a new position in Unum Group during the first quarter valued at approximately $8,988,000. Finally, Neo Ivy Capital Management purchased a new position in Unum Group during the second quarter valued at approximately $6,640,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,361 shares in the company, valued at $581,591.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Richard P. Mckenney sold 67,795 shares of Unum Group stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the sale, the chief executive officer now directly owns 1,065,868 shares of the company's stock, valued at $58,601,422.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,545 shares of company stock worth $4,380,074. 0.93% of the stock is owned by insiders.

Analysts Set New Price Targets

UNM has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Unum Group from $62.00 to $64.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. UBS Group raised shares of Unum Group to a "hold" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on shares of Unum Group from $65.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Truist Financial boosted their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $66.09.

Unum Group Stock Performance

Shares of Unum Group stock traded down $0.27 on Wednesday, reaching $71.04. The stock had a trading volume of 882,848 shares, compared to its average volume of 1,248,758. The business's 50-day moving average price is $61.20 and its two-hundred day moving average price is $55.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a fifty-two week low of $41.86 and a fifty-two week high of $71.44. The stock has a market cap of $12.97 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.76.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. 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 company earned $1.94 earnings per share. Unum Group's revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that Unum Group will post 8.52 EPS for the current year.

Unum Group announced that its board has authorized a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to repurchase up to 10% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Friday, October 25th. Unum Group's payout ratio is 18.18%.

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.