Thrivent Financial for Lutherans Has $6.65 Million Stock Holdings in Unum Group (NYSE:UNM)

Thrivent Financial for Lutherans grew its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 89.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,831 shares of the financial services provider's stock after acquiring an additional 52,813 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Unum Group worth $6,647,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. ProShare Advisors LLC grew its stake in shares of Unum Group by 89.8% during 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 acquiring an additional 571,436 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Unum Group by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider's stock worth $70,511,000 after purchasing an additional 66,392 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Unum Group by 8.0% during the second quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider's stock worth $44,609,000 after purchasing an additional 64,661 shares during the last quarter. Sei Investments Co. lifted its position in shares of Unum Group by 9.5% during the second quarter. Sei Investments Co. now owns 413,350 shares of the financial services provider's stock worth $21,127,000 after purchasing an additional 35,723 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Unum Group by 20.5% during the first quarter. Lazard Asset Management LLC now owns 411,467 shares of the financial services provider's stock worth $22,078,000 after purchasing an additional 69,928 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Lisa G. Iglesias sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the sale, the executive vice president now owns 35,840 shares in the company, valued at $2,602,342.40. The trade was a 12.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the sale, the chief accounting officer now owns 8,361 shares in the company, valued at $581,591.16. This represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,709 shares of company stock worth $10,956,914. Insiders own 0.93% of the company's stock.

Unum Group Price Performance

NYSE UNM opened at $75.84 on Friday. Unum Group has a 12 month low of $41.97 and a 12 month high of $76.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $13.85 billion, a PE ratio of 8.21, a P/E/G ratio of 1.11 and a beta of 0.76. The company's 50 day simple moving average is $63.86 and its 200 day simple moving average is $56.66.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $3.26 billion. During the same quarter last year, the business earned $1.94 earnings per share. The business's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts forecast that Unum Group will post 8.53 EPS for the current fiscal year.

Unum Group announced that its board has initiated a share buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 10% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a $0.42 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.22%. Unum Group's dividend payout ratio is currently 18.18%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays increased their price target on shares of Unum Group from $72.00 to $74.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Evercore ISI raised shares of Unum Group from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Truist Financial increased their price target 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 increased 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. Finally, Piper Sandler reissued an "overweight" rating and issued a $66.00 target price (up previously from $64.00) on shares of Unum Group in a report on Friday, September 27th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Unum Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.73.

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.