Envestnet Asset Management Inc. Boosts Holdings in Unum Group (NYSE:UNM)

Envestnet Asset Management Inc. lifted its position in shares of Unum Group (NYSE:UNM - Free Report) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,133 shares of the financial services provider's stock after acquiring an additional 6,555 shares during the period. Envestnet Asset Management Inc.'s holdings in Unum Group were worth $5,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Barrett & Company Inc. lifted its stake in Unum Group by 300.0% during the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Unum Group during the 4th quarter worth $38,000. Millstone Evans Group LLC acquired a new stake in Unum Group in the fourth quarter valued at about $45,000. Versant Capital Management Inc grew its position in 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Unum Group in the third quarter valued at about $58,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Trading Down 1.0 %

UNM stock traded down $0.77 during midday trading on Friday, hitting $78.57. The stock had a trading volume of 1,111,930 shares, compared to its average volume of 1,307,291. 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 firm has a market cap of $13.85 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. The business has a fifty day moving average price of $78.06 and a two-hundred day moving average price of $73.95. Unum Group has a 1-year low of $48.38 and a 1-year high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share (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%. On average, sell-side analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

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

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be paid a $0.42 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.14%. Unum Group's dividend payout ratio is currently 17.74%.

Insider Activity at Unum Group

In related news, EVP Lisa G. Iglesias sold 7,000 shares of Unum Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $82.75, for a total value of $579,250.00. Following the completion of the sale, the executive vice president now owns 31,284 shares of the company's stock, valued at approximately $2,588,751. This trade represents a 18.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the sale, the chief executive officer now directly owns 980,637 shares of the company's stock, valued at approximately $80,402,427.63. The trade was a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Morgan Stanley boosted their target price on shares of Unum Group from $80.00 to $84.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. UBS Group increased their price target on Unum Group from $75.00 to $91.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. boosted their price objective on Unum Group from $81.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Barclays lifted their price target on Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.36.

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.