9,182 Shares in Unum Group (NYSE:UNM) Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. bought a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,182 shares of the financial services provider's stock, valued at approximately $672,000.

A number of other large investors have also recently modified their holdings of the stock. Naples Global Advisors LLC boosted its stake in shares of Unum Group by 0.6% during the 4th quarter. Naples Global Advisors LLC now owns 36,075 shares of the financial services provider's stock valued at $2,635,000 after purchasing an additional 203 shares in the last quarter. Van ECK Associates Corp boosted its stake in Unum Group by 22.1% during the fourth quarter. Van ECK Associates Corp now owns 131,933 shares of the financial services provider's stock worth $9,635,000 after acquiring an additional 23,857 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Unum Group by 8.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 312,913 shares of the financial services provider's stock worth $22,828,000 after acquiring an additional 23,255 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in Unum Group by 47.3% during the fourth quarter. Summit Trail Advisors LLC now owns 8,094 shares of the financial services provider's stock worth $591,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in Unum Group by 1.0% during the fourth quarter. Savant Capital LLC now owns 46,344 shares of the financial services provider's stock worth $3,385,000 after acquiring an additional 476 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

UNM has been the topic of several research reports. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. reissued a "neutral" rating and set 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 upped their target price on shares of Unum Group from $82.00 to $87.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. BMO Capital Markets began coverage on shares of Unum Group in a research note on Thursday, January 23rd. They issued an "outperform" rating and a $91.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their target price on shares of Unum Group from $88.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $81.17.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the transaction, the executive vice president now directly owns 54,827 shares in the company, valued at $4,217,292.84. This represents a 15.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.93% of the stock is owned by corporate insiders.

Unum Group Stock Performance

UNM stock traded down $0.72 during midday trading on Friday, reaching $74.07. 1,204,077 shares of the company's stock traded hands, compared to its average volume of 1,129,832. Unum Group has a 52-week low of $48.38 and a 52-week high of $79.43. The stock has a market cap of $13.53 billion, a P/E ratio of 7.82, a PEG ratio of 1.14 and a beta of 0.80. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock's 50-day moving average is $74.28 and its 200 day moving average is $66.75.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results 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, analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a yield of 2.27%. Unum Group's dividend payout ratio is currently 17.74%.

Unum Group declared that its board has authorized a share buyback program on Tuesday, February 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.