Mirae Asset Global Investments Co. Ltd. Raises Holdings in Unum Group (NYSE:UNM)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Unum Group (NYSE:UNM - Free Report) by 8.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 112,273 shares of the financial services provider's stock after acquiring an additional 8,439 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Unum Group worth $6,585,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in UNM. Versant Capital Management Inc lifted its position 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 worth $26,000 after acquiring an additional 394 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Unum Group during the 2nd quarter worth about $26,000. Salomon & Ludwin LLC bought a new position in Unum Group in the 1st quarter worth about $28,000. 1620 Investment Advisors Inc. purchased a new position in Unum Group during the 2nd quarter valued at about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unum Group during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UNM. Barclays reduced their price objective on shares of Unum Group from $73.00 to $72.00 and set an "overweight" rating for the company in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their price target on shares of Unum Group from $69.00 to $71.00 and gave the company an "overweight" rating in a research report on Thursday, October 10th. 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 report on Thursday, October 10th. Piper Sandler restated an "overweight" rating and set a $66.00 target price (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Finally, Truist Financial raised their price target on Unum Group from $62.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.64.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total value of $541,100.00. Following the sale, the executive vice president now owns 64,821 shares of the company's stock, valued at $3,507,464.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total value of $541,100.00. Following the sale, the executive vice president now directly owns 64,821 shares in the company, valued at approximately $3,507,464.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard P. Mckenney sold 67,795 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total value of $3,727,369.10. Following the transaction, the chief executive officer now owns 1,065,868 shares of the company's stock, valued at approximately $58,601,422.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company's stock.

Unum Group Trading Down 0.3 %

Shares of UNM traded down $0.18 during mid-day trading on Tuesday, reaching $61.67. The company's stock had a trading volume of 1,561,543 shares, compared to its average volume of 1,231,339. Unum Group has a 52 week low of $41.75 and a 52 week high of $64.52. The stock has a market cap of $11.68 billion, a PE ratio of 9.16, a P/E/G ratio of 0.91 and a beta of 0.77. The company's fifty day moving average price is $58.24 and its two-hundred day moving average price is $54.29. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.33.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.14. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.23 billion. Unum Group had a net margin of 10.40% and a return on equity of 15.55%. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 earnings per share. On average, analysts predict that Unum Group will post 8.49 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be paid a $0.42 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.72%. Unum Group's dividend payout ratio (DPR) is currently 24.96%.

Unum Group announced that its board has approved a share repurchase program on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 10% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

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.