Friedenthal Financial Purchases New Position in Unum Group (NYSE:UNM)

Friedenthal Financial acquired a new stake in Unum Group (NYSE:UNM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,906 shares of the financial services provider's stock, valued at approximately $796,000.

Several other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Unum Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider's stock valued at $326,950,000 after purchasing an additional 55,014 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Unum Group by 89.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider's stock valued at $61,728,000 after acquiring an additional 571,436 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Unum Group by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider's stock worth $70,511,000 after acquiring an additional 66,392 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider's stock valued at $30,297,000 after purchasing an additional 307,175 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Unum Group by 50.0% in the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock worth $29,554,000 after purchasing an additional 156,380 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on UNM. Wells Fargo & Company increased their price target on Unum Group from $69.00 to $71.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Truist Financial raised their target price on Unum Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Morgan Stanley upped their price target on shares of Unum Group from $62.00 to $64.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Barclays raised their price objective 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. Finally, Piper Sandler upped their target price on shares of Unum Group from $74.00 to $82.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.55.

Unum Group Price Performance

Shares of UNM traded up $0.16 during trading hours on Monday, reaching $71.96. 1,320,279 shares of the stock traded hands, compared to its average volume of 1,214,526. The company has a market cap of $13.14 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The company's 50-day moving average price is $73.00 and its two-hundred day moving average price is $62.18. Unum Group has a 52-week low of $44.83 and a 52-week high of $77.63.

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

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Friday, January 24th. Unum Group's dividend payout ratio (DPR) is currently 18.18%.

Insider Activity

In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of Unum Group 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total value of $4,437,832.35. Following the transaction, the chief executive officer now owns 1,007,003 shares of the company's stock, valued at $75,917,956.17. This represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,914 shares of company stock worth $7,998,745 over the last quarter. Insiders own 0.93% of the company's stock.

About Unum Group

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.