Unum Group (NYSE:UNM) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in shares of Unum Group (NYSE:UNM - Free Report) by 5,844.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,048 shares of the financial services provider's stock after purchasing an additional 99,348 shares during the quarter. International Assets Investment Management LLC owned approximately 0.05% of Unum Group worth $6,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of Unum Group by 361.5% during the 2nd 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 acquired a new position in Unum Group during the 2nd quarter valued at approximately $26,000. Salomon & Ludwin LLC acquired a new stake in shares of Unum Group during the first quarter worth $28,000. 1620 Investment Advisors Inc. acquired a new position in shares of Unum Group in the 2nd quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group in the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Insider Activity at Unum Group

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

Unum Group Price Performance

Shares of Unum Group stock traded down $0.06 on Friday, hitting $64.12. 1,385,397 shares of the company were exchanged, compared to its average volume of 1,244,321. Unum Group has a 1-year low of $41.75 and a 1-year high of $64.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.95 and a beta of 0.77. The company has a 50-day moving average price of $58.81 and a 200 day moving average price of $54.51.

Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Unum Group will post 8.5 earnings per share for the current fiscal year.

Unum Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 10% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.62%. Unum Group's payout ratio is 18.18%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UNM shares. Wells Fargo & Company raised their price target on shares of Unum Group from $69.00 to $71.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Piper Sandler restated an "overweight" rating and issued a $66.00 price objective (up previously from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Citigroup lifted their target price on shares of Unum Group from $62.00 to $69.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. Barclays boosted their target price on shares of Unum Group from $72.00 to $74.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Jefferies Financial Group raised their target price on Unum Group from $63.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $66.09.

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.