18,064 Shares in Unum Group (NYSE:UNM) Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC purchased a new position in Unum Group (NYSE:UNM - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,064 shares of the financial services provider's stock, valued at approximately $1,074,000.

Several other institutional investors also recently added to or reduced their stakes in UNM. V Square Quantitative Management LLC purchased a new position in Unum Group in the second quarter valued at about $26,000. 1620 Investment Advisors Inc. bought a new position in Unum Group during the second quarter valued at $29,000. Capital Performance Advisors LLP purchased a new stake in Unum Group in the third quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unum Group in the third quarter valued at $37,000. Finally, Innealta Capital LLC purchased a new position in shares of Unum Group during the 2nd quarter valued at $40,000. Institutional investors own 86.57% of the company's stock.

Unum Group Price Performance

Shares of UNM traded up $0.90 during trading hours on Thursday, reaching $73.82. 522,800 shares of the company's stock traded hands, compared to its average volume of 1,251,229. 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 firm's 50 day simple moving average is $68.49 and its 200-day simple moving average is $58.76. The stock has a market cap of $13.48 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 1.07 and a beta of 0.79. Unum Group has a 12 month low of $43.26 and a 12 month high of $77.63.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results 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. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. Unum Group's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. Equities analysts expect that Unum Group will post 8.53 EPS for the current year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.28%. Unum Group's dividend payout ratio is presently 18.18%.

Insider Activity at Unum Group

In other news, CEO Richard P. Mckenney sold 58,865 shares of the business's 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 completion of the sale, the chief executive officer now directly owns 1,007,003 shares in the company, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the transaction, the executive vice president now directly owns 54,827 shares in the company, valued at approximately $4,217,292.84. This represents a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 107,914 shares of company stock valued at $7,998,745 over the last 90 days. 0.93% of the stock is owned by insiders.

Analyst Ratings Changes

UNM has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on Unum Group from $91.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday. Truist Financial upped their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Barclays lifted their price objective on shares of Unum Group from $72.00 to $74.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Piper Sandler restated an "overweight" rating and set a $66.00 target price (up previously from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Finally, UBS Group upgraded Unum Group to a "hold" rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Unum Group has an average rating of "Moderate Buy" and an average target price of $70.64.

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.