8,800 Shares in Unum Group (NYSE:UNM) Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH acquired a new position in Unum Group (NYSE:UNM - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,800 shares of the financial services provider's stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also modified their holdings of UNM. V Square Quantitative Management LLC bought a new stake in shares of Unum Group during the second quarter worth $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Unum Group during the third quarter worth $31,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Unum Group during the second quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Unum Group during the third quarter worth $37,000. Finally, Innealta Capital LLC acquired a new stake in shares of Unum Group during the second quarter worth $40,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the completion of the transaction, the executive vice president now owns 54,827 shares in the company, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of Unum Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the transaction, the chief executive officer now directly owns 1,007,003 shares in the company, valued at approximately $75,917,956.17. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,914 shares of company stock worth $7,998,745. Insiders own 0.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on UNM shares. Evercore ISI raised Unum Group from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $67.00 to $84.00 in a research note on Thursday, November 14th. Barclays upped their target price on Unum Group from $72.00 to $74.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. UBS Group raised Unum Group to a "hold" rating in a research note on Wednesday, October 9th. Truist Financial lifted their price target on Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Bank of America raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $67.73.

Unum Group Trading Up 0.5 %

Unum Group stock traded up $0.41 during trading hours on Thursday, reaching $76.08. 1,264,957 shares of the company's stock were exchanged, compared to its average volume of 1,252,019. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $66.97 and its 200 day simple moving average is $58.01. Unum Group has a twelve month low of $42.09 and a twelve month high of $77.63. The firm has a market capitalization of $13.89 billion, a PE ratio of 8.19, a PEG ratio of 1.09 and a beta of 0.79.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.94 EPS. Research analysts predict that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.21%. Unum Group's dividend payout ratio (DPR) is currently 18.18%.

Unum Group Company 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.