Brookstone Capital Management Purchases Shares of 3,432 Unum Group (NYSE:UNM)

Brookstone Capital Management acquired a new position in Unum Group (NYSE:UNM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,432 shares of the financial services provider's stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UNM. Versant Capital Management Inc boosted its holdings in shares of Unum Group by 26.4% in the fourth 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 in the last quarter. CIBC Asset Management Inc boosted its stake in Unum Group by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider's stock valued at $330,000 after purchasing an additional 180 shares in the last quarter. V Square Quantitative Management LLC increased 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 purchasing an additional 194 shares during the period. Brooklyn Investment Group raised its stake in shares of Unum Group by 3.1% in the 3rd quarter. Brooklyn Investment Group now owns 6,592 shares of the financial services provider's stock worth $392,000 after buying an additional 197 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Unum Group by 0.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,169 shares of the financial services provider's stock valued at $2,568,000 after buying an additional 202 shares during the period. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Up 1.0 %

Shares of Unum Group stock traded up $0.72 on Friday, hitting $75.02. 911,396 shares of the company traded hands, compared to its average volume of 1,149,464. 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 has a 12-month low of $45.23 and a 12-month high of $77.63. The company has a 50-day moving average price of $73.60 and a 200 day moving average price of $62.89. The company has a market cap of $13.70 billion, a PE ratio of 8.12, a PEG ratio of 0.97 and a beta of 0.81.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 15.21% and a net margin of 13.76%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the business earned $1.94 EPS. The business's quarterly revenue was up 4.0% on a year-over-year basis. Sell-side analysts predict that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.24%. Unum Group's dividend payout ratio is currently 18.18%.

Insider Activity at Unum Group

In related news, EVP Christopher W. Pyne sold 3,250 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total value of $227,565.00. Following the transaction, the executive vice president now directly owns 50,762 shares of the company's stock, valued at approximately $3,554,355.24. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard P. Mckenney sold 58,865 shares of the company'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 value of $4,437,832.35. Following the sale, the chief executive officer now directly owns 1,007,003 shares of the company's stock, valued at $75,917,956.17. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,914 shares of company stock valued at $7,998,745. Insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America upped their price target on shares of Unum Group from $54.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Barclays raised their target price on shares of Unum Group from $76.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. UBS Group raised Unum Group to a "hold" rating in a report on Wednesday, October 9th. Piper Sandler raised their price objective on Unum Group from $74.00 to $82.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $79.00 target price (up from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.45.

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.