Jacobs Levy Equity Management Inc. Grows Position in Unum Group (NYSE:UNM)

Jacobs Levy Equity Management Inc. grew its stake in shares of Unum Group (NYSE:UNM - Free Report) by 151.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 509,702 shares of the financial services provider's stock after purchasing an additional 307,175 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.28% of Unum Group worth $30,297,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in shares of Unum Group by 361.5% during the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 394 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Unum Group during the second quarter valued at $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Unum Group during the third quarter valued at $31,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Unum Group during the second quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Unum Group in the third quarter worth about $37,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Trading Down 1.1 %

Shares of UNM traded down $0.84 during midday trading on Wednesday, reaching $75.20. The company had a trading volume of 381,643 shares, compared to its average volume of 1,248,757. Unum Group has a 1-year low of $42.09 and a 1-year high of $77.63. The stock has a market cap of $13.73 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.79. The firm has a 50 day simple moving average of $66.61 and a 200-day simple moving average of $57.88. 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 issued its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the company earned $1.94 EPS. The company's revenue for the quarter was up 4.0% on a year-over-year basis. Research analysts forecast that Unum Group will post 8.53 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, October 25th. Unum Group's payout ratio is 18.18%.

Analyst Ratings Changes

A number of analysts recently weighed in on UNM shares. Piper Sandler reaffirmed an "overweight" rating and issued a $66.00 price objective (up from $64.00) on shares of Unum Group in a research note on Friday, September 27th. JPMorgan Chase & Co. reduced their target price on shares of Unum Group from $65.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, October 3rd. Bank of America boosted their target price on shares of Unum Group from $54.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Truist Financial boosted their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Wells Fargo & Company boosted 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and an average price target of $67.73.

Insider Buying and Selling

In other Unum Group news, 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 transaction of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at $581,591.16. This represents a 15.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business's 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 sale, the executive vice president now owns 54,827 shares in the company, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 175,709 shares of company stock valued at $11,726,114. 0.93% of the stock is currently owned by 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.