CWA Asset Management Group LLC Boosts Position in Unum Group (NYSE:UNM)

CWA Asset Management Group LLC grew its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 135.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,220 shares of the financial services provider's stock after acquiring an additional 31,783 shares during the quarter. CWA Asset Management Group LLC's holdings in Unum Group were worth $4,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UNM. Capital Performance Advisors LLP purchased a new position in Unum Group in the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unum Group during the 3rd quarter worth $37,000. V Square Quantitative Management LLC grew its position in Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider's stock worth $42,000 after acquiring an additional 194 shares in the last quarter. William B. Walkup & Associates Inc. bought a new position in Unum Group in the second quarter valued at $44,000. Finally, Quarry LP raised its position in Unum Group by 4,794.7% during the third quarter. Quarry LP now owns 930 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 911 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UNM. Piper Sandler increased their price objective on Unum Group from $74.00 to $82.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Wells Fargo & Company increased their target price on shares of Unum Group from $69.00 to $71.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on Unum Group from $65.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Barclays increased their target price on Unum Group from $76.00 to $85.00 and gave the company an "overweight" rating in a report on Monday. Finally, Morgan Stanley lifted their price target on Unum Group from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Unum Group currently has a consensus rating of "Moderate Buy" and an average price target of $73.09.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the sale, the executive vice president now directly owns 58,741 shares of the company's stock, valued at approximately $3,768,822.56. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher W. Pyne sold 3,250 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the transaction, the executive vice president now owns 50,762 shares of the company's stock, valued at $3,554,355.24. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,914 shares of company stock worth $7,998,745 in the last three months. 0.93% of the stock is owned by corporate insiders.

Unum Group Trading Up 0.1 %

Shares of NYSE UNM traded up $0.10 during midday trading on Monday, hitting $73.20. 1,075,347 shares of the company traded hands, compared to its average volume of 1,125,216. 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 12-month low of $44.83 and a 12-month high of $77.63. The stock has a 50-day moving average price of $72.27 and a 200 day moving average price of $61.56. The firm has a market cap of $13.37 billion, a P/E ratio of 7.92, a P/E/G ratio of 1.06 and a beta of 0.81.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The business's revenue was up 4.0% compared to the same quarter last year. As a group, analysts expect that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Friday, October 25th. Unum Group's dividend payout ratio is presently 18.18%.

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.