Diversified Trust Co Boosts Stock Holdings in Unum Group (NYSE:UNM)

Diversified Trust Co grew its position in Unum Group (NYSE:UNM - Free Report) by 442.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,254 shares of the financial services provider's stock after purchasing an additional 15,705 shares during the period. Diversified Trust Co's holdings in Unum Group were worth $1,406,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Unum Group in the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group in the third quarter valued at about $37,000. V Square Quantitative Management LLC boosted its stake in Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 194 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new stake in shares of Unum Group during the 2nd quarter worth approximately $44,000. Finally, Quarry LP increased its stake in shares of Unum Group by 4,794.7% during the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider's stock worth $55,000 after purchasing an additional 911 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Piper Sandler increased their price objective on Unum Group from $74.00 to $82.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Evercore ISI upgraded 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 note on Thursday, November 14th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $79.00 price objective (up from $74.00) on shares of Unum Group in a research note on Tuesday. Wells Fargo & Company lifted their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Finally, UBS Group raised shares of Unum Group to a "hold" rating in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.55.

Insider Buying and Selling

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the transaction, the executive vice president now owns 58,741 shares of the company's stock, valued at $3,768,822.56. This represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares of the company's stock, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,914 shares of company stock worth $7,998,745. Insiders own 0.93% of the company's stock.

Unum Group Price Performance

NYSE UNM traded down $0.41 on Thursday, hitting $72.96. The stock had a trading volume of 1,197,375 shares, compared to its average volume of 1,131,675. The firm has a 50-day moving average of $72.68 and a 200-day moving average of $61.80. The company has a market capitalization of $13.32 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a 52-week low of $44.83 and a 52-week high of $77.63.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the business posted $1.94 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that Unum Group will post 8.54 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.30%. Unum Group's payout ratio is 18.18%.

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.