Oak Thistle LLC Buys 15,257 Shares of Unum Group (NYSE:UNM)

Oak Thistle LLC raised its holdings in Unum Group (NYSE:UNM - Free Report) by 362.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,461 shares of the financial services provider's stock after buying an additional 15,257 shares during the period. Oak Thistle LLC's holdings in Unum Group were worth $1,421,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its stake in Unum Group by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider's stock valued at $326,950,000 after acquiring an additional 55,014 shares during the period. ProShare Advisors LLC increased its holdings in shares of Unum Group by 89.8% in the second quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider's stock valued at $61,728,000 after purchasing an additional 571,436 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Unum Group by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider's stock valued at $70,511,000 after purchasing an additional 66,392 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Unum Group by 151.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider's stock worth $30,297,000 after buying an additional 307,175 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Unum Group by 50.0% during the 3rd quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock worth $29,554,000 after buying an additional 156,380 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Timothy Gerald Arnold sold 10,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard P. Mckenney sold 58,865 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.39, for a total value of $4,437,832.35. Following the completion of the transaction, the chief executive officer now directly owns 1,007,003 shares of the company's stock, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,914 shares of company stock valued at $7,998,745. 0.93% of the stock is currently owned by insiders.

Unum Group Price Performance

NYSE UNM traded up $0.28 on Wednesday, hitting $73.26. 1,471,625 shares of the company's stock were exchanged, compared to its average volume of 1,221,671. The stock has a 50-day moving average of $73.32 and a 200-day moving average of $62.48. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 1.06 and a beta of 0.81. Unum Group has a 52 week low of $44.83 and a 52 week high of $77.63. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. Unum Group's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. Analysts expect that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.29%. The ex-dividend date is Friday, January 24th. Unum Group's payout ratio is 18.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UNM shares. Truist Financial raised their price objective on shares of Unum Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price target on Unum Group from $74.00 to $81.00 and gave the company an "overweight" rating in a research note on Tuesday. Evercore ISI upgraded Unum Group from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Barclays boosted their target price on shares of Unum Group from $76.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Finally, Piper Sandler raised their price target on shares of Unum Group from $74.00 to $82.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $75.45.

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.