Unum Group (NYSE:UNM) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in shares of Unum Group (NYSE:UNM - Free Report) by 154.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,284 shares of the financial services provider's stock after purchasing an additional 8,060 shares during the quarter. Tower Research Capital LLC TRC's holdings in Unum Group were worth $970,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Barrett & Company Inc. grew its stake in shares of Unum Group by 300.0% during the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Unum Group during the 4th quarter worth about $38,000. Millstone Evans Group LLC purchased a new position in shares of Unum Group in the 4th quarter valued at about $45,000. Versant Capital Management Inc lifted its stake in Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider's stock worth $56,000 after purchasing an additional 160 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Unum Group in the third quarter valued at approximately $58,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Insider Activity

In other Unum Group news, EVP Lisa G. Iglesias sold 7,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the sale, the executive vice president now directly owns 31,284 shares of the company's stock, valued at $2,588,751. This trade represents a 18.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard P. Mckenney sold 50,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the transaction, the chief executive officer now directly owns 980,637 shares in the company, valued at $80,402,427.63. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.93% of the company's stock.

Unum Group Price Performance

Shares of NYSE UNM traded up $0.12 during midday trading on Tuesday, hitting $79.17. The company had a trading volume of 1,144,419 shares, compared to its average volume of 1,307,160. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. The business has a 50-day simple moving average of $78.23 and a two-hundred day simple moving average of $74.27.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.18 by ($0.14). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. Equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group announced that its board has approved a stock repurchase plan on Tuesday, February 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.12%. Unum Group's dividend payout ratio (DPR) is 17.74%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UNM. Piper Sandler upped their target price on shares of Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Morgan Stanley upped their price objective on shares of Unum Group from $80.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Wells Fargo & Company cut their target price on Unum Group from $97.00 to $95.00 and set an "overweight" rating on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. increased their price target on shares of Unum Group from $81.00 to $87.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Barclays increased their target price on shares of Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $88.36.

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.