7,440 Shares in Unum Group (NYSE:UNM) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC bought a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,440 shares of the financial services provider's stock, valued at approximately $543,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Artemis Investment Management LLP boosted its holdings in Unum Group by 11.9% in the third quarter. Artemis Investment Management LLP now owns 232,751 shares of the financial services provider's stock worth $13,835,000 after acquiring an additional 24,664 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Unum Group by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider's stock worth $326,950,000 after acquiring an additional 55,014 shares in the last quarter. 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 acquiring an additional 156,380 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Unum Group by 89.5% in the third quarter. Thrivent Financial for Lutherans now owns 111,831 shares of the financial services provider's stock worth $6,647,000 after purchasing an additional 52,813 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Unum Group in the third quarter worth approximately $1,074,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

UNM has been the subject of several analyst reports. Bank of America increased their price objective on Unum Group from $54.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. UBS Group raised Unum Group to a "hold" rating in a research note on Wednesday, October 9th. Morgan Stanley increased their price objective 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. Evercore ISI raised Unum Group from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Finally, Jefferies Financial Group increased their price objective on Unum Group from $91.00 to $96.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $76.75.

Unum Group Price Performance

NYSE:UNM traded down $0.13 during trading hours on Friday, hitting $75.01. 806,473 shares of the company's stock traded hands, compared to its average volume of 1,098,635. The firm has a market cap of $13.70 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.07 and a beta of 0.81. Unum Group has a 52 week low of $46.39 and a 52 week high of $77.63. The business's fifty day simple moving average is $73.86 and its two-hundred day simple moving average is $63.41. 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 (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (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 company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company earned $1.94 earnings per share. The firm's quarterly revenue was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Unum Group will post 8.54 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, February 14th. Stockholders of record on Friday, January 24th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group's payout ratio is currently 18.18%.

Insider Transactions at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the sale, the executive vice president now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business's stock in a transaction dated 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 directly owns 8,361 shares of the company's stock, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 107,914 shares of company stock worth $7,998,745. 0.93% of the stock is currently owned by corporate insiders.

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.