Polianta Ltd Makes New Investment in Unum Group (NYSE:UNM)

Polianta Ltd acquired a new stake in Unum Group (NYSE:UNM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 17,000 shares of the financial services provider's stock, valued at approximately $1,241,000.

Several other hedge funds have also recently bought and sold shares of UNM. Capital Performance Advisors LLP purchased a new stake in Unum Group during the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Unum Group in the third quarter valued at approximately $37,000. V Square Quantitative Management LLC increased its stake in Unum Group by 38.2% during the 3rd 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. Versant Capital Management Inc lifted its holdings in Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider's stock worth $56,000 after buying an additional 160 shares in the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new stake in Unum Group during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Stock Performance

NYSE:UNM traded up $0.72 during mid-day trading on Monday, reaching $75.02. 911,396 shares of the stock were exchanged, compared to its average volume of 1,149,464. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 1 year low of $45.23 and a 1 year high of $77.63. The company has a 50 day simple moving average of $73.60 and a 200-day simple moving average of $62.97. The stock has a market capitalization of $13.70 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.97 and a beta of 0.81.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the previous year, the company posted $1.94 EPS. The company's quarterly revenue was up 4.0% on a year-over-year basis. Analysts anticipate that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, January 24th. Unum Group's dividend payout ratio is currently 18.18%.

Insider Activity at Unum Group

In other news, EVP Christopher W. Pyne sold 3,250 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total transaction of $227,565.00. Following the transaction, the executive vice president now directly owns 50,762 shares in the company, valued at $3,554,355.24. The trade was a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the sale, the executive vice president now directly owns 58,741 shares in the company, valued at $3,768,822.56. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock worth $7,998,745 in the last quarter. Company insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of recent research reports. Barclays upped their price objective on Unum Group from $76.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Evercore ISI raised Unum Group from an "in-line" rating to an "outperform" rating and increased their price target for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. Truist Financial boosted their price objective on Unum Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Jefferies Financial Group raised their target price on shares of Unum Group from $91.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, UBS Group upgraded shares of Unum Group to a "hold" rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $75.45.

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.