CWA Asset Management Group LLC Buys Shares of 23,437 Unum Group (NYSE:UNM)

CWA Asset Management Group LLC purchased a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 23,437 shares of the financial services provider's stock, valued at approximately $1,393,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in Unum Group by 361.5% during the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider's stock worth $26,000 after acquiring an additional 394 shares during the period. V Square Quantitative Management LLC bought a new stake in shares of Unum Group in the 2nd quarter worth approximately $26,000. 1620 Investment Advisors Inc. acquired a new stake in Unum Group during the second quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in Unum Group during the third quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unum Group during the 3rd quarter worth $37,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Morgan Stanley upped their target price on Unum Group from $62.00 to $64.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Bank of America boosted 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. Truist Financial upped their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Citigroup lifted their price objective on shares of Unum Group from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $66.09.

Unum Group Stock Up 0.1 %

Shares of NYSE:UNM traded up $0.06 during trading on Friday, reaching $69.42. 1,062,661 shares of the company traded hands, compared to its average volume of 1,340,938. The firm has a fifty day simple moving average of $60.26 and a 200 day simple moving average of $55.23. 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 1-year low of $41.86 and a 1-year high of $70.40. The firm has a market cap of $12.68 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 1.02 and a beta of 0.76.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis. Analysts anticipate that Unum Group will post 8.52 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be issued a $0.42 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.42%. Unum Group's dividend payout ratio is currently 18.18%.

Unum Group declared that its Board of Directors has approved a stock repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 10% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total value of $104,340.00. Following the completion of the sale, the chief accounting officer now owns 8,361 shares of the company's stock, valued at approximately $581,591.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 1,065,868 shares of the company's stock, valued at $58,601,422.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction that occurred 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 approximately $581,591.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,545 shares of company stock valued at $4,921,174. 0.93% of the stock is currently owned by corporate insiders.

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.