Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 67,500 Unum Group (NYSE:UNM)

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 67,500 shares of the financial services provider's stock, valued at approximately $4,930,000.

A number of other hedge funds have also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Unum Group during the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group during the third quarter worth $37,000. V Square Quantitative Management LLC boosted its stake in Unum Group by 38.2% during the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider's stock worth $42,000 after buying an additional 194 shares during the period. Quarry LP boosted its stake in shares of Unum Group by 4,794.7% during the third quarter. Quarry LP now owns 930 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 911 shares during the period. Finally, Versant Capital Management Inc boosted its stake in shares of Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 160 shares during the period. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Performance

NYSE UNM traded down $1.14 during trading hours on Tuesday, reaching $75.41. The stock had a trading volume of 412,421 shares, compared to its average volume of 1,104,423. The stock has a fifty day moving average of $74.23 and a 200 day moving average of $65.65. The stock has a market cap of $13.77 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 1.17 and a beta of 0.80. Unum Group has a 52-week low of $47.65 and a 52-week high of $79.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing analysts' consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Sell-side analysts predict that Unum Group will post 9.12 earnings per share for the current year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be given a $0.42 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a yield of 2.23%. Unum Group's dividend payout ratio is currently 17.74%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UNM shares. BMO Capital Markets started coverage on Unum Group in a report on Thursday, January 23rd. They issued an "outperform" rating and a $91.00 price objective for the company. Truist Financial lifted their price objective on Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 1st. Piper Sandler lifted their price objective on Unum Group from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Barclays lifted their price objective on Unum Group from $76.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Finally, Morgan Stanley boosted their target price on shares of Unum Group from $62.00 to $64.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Unum Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.45.

Insider Activity at Unum Group

In other Unum Group news, Director Hanley Ronald P. O sold 14,299 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $72.10, for a total value of $1,030,957.90. Following the sale, the director now owns 38,819 shares in the company, valued at approximately $2,798,849.90. This represents a 26.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the executive vice president now 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 98,164 shares of company stock worth $7,346,040 over the last quarter. Insiders own 0.93% of the company's stock.

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.