Kingsview Wealth Management LLC Buys 50,751 Shares of Unum Group (NYSE:UNM)

Kingsview Wealth Management LLC raised its stake in shares of Unum Group (NYSE:UNM - Free Report) by 1,020.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,725 shares of the financial services provider's stock after buying an additional 50,751 shares during the quarter. Kingsview Wealth Management LLC's holdings in Unum Group were worth $3,312,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UNM. Versant Capital Management Inc boosted its position in Unum Group by 361.5% in the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider's stock worth $26,000 after purchasing an additional 394 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Unum Group in the second quarter worth approximately $26,000. 1620 Investment Advisors Inc. bought a new stake in Unum Group during the second quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in shares of Unum Group during the 3rd quarter valued at $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unum Group during the 3rd quarter valued at $37,000. 86.57% of the stock is owned by institutional investors.

Unum Group Price Performance

Shares of Unum Group stock traded up $0.37 during trading hours on Monday, reaching $76.21. The company's stock had a trading volume of 2,111,820 shares, compared to its average volume of 1,258,670. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a one year low of $41.97 and a one year high of $76.72. The firm has a 50 day moving average price of $63.86 and a 200-day moving average price of $56.71. The stock has a market cap of $13.92 billion, a P/E ratio of 8.27, a P/E/G ratio of 1.11 and a beta of 0.76.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $3.22 billion during 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%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. On average, analysts predict that Unum Group will post 8.53 EPS for the current year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 2.20%. Unum Group's dividend payout ratio (DPR) is presently 18.18%.

Unum Group declared that its Board of Directors has initiated a stock buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 10% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on UNM shares. UBS Group raised Unum Group to a "hold" rating in a research note on Wednesday, October 9th. Bank of America increased their price objective on shares of Unum Group from $54.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Piper Sandler reaffirmed an "overweight" rating and set a $66.00 target price (up from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Finally, Barclays boosted their price target on shares of Unum Group from $72.00 to $74.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $67.73.

Insider Transactions at Unum Group

In other news, EVP Lisa G. Iglesias sold 5,000 shares of Unum Group stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $72.61, for a total transaction of $363,050.00. Following the completion of the sale, the executive vice president now directly owns 35,840 shares in the company, valued at approximately $2,602,342.40. This trade represents a 12.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher W. Pyne sold 3,250 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the transaction, the executive vice president now directly owns 50,762 shares in the company, valued at $3,554,355.24. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,709 shares of company stock worth $10,956,914. 0.93% of the stock is currently owned by insiders.

About Unum Group

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.