Unum Group (NYSE:UNM) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in shares of Unum Group (NYSE:UNM - Free Report) by 37.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,711 shares of the financial services provider's stock after purchasing an additional 5,623 shares during the period. Oppenheimer & Co. Inc.'s holdings in Unum Group were worth $1,513,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in UNM. State of Alaska Department of Revenue boosted its stake in Unum Group by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 19,857 shares of the financial services provider's stock valued at $1,180,000 after buying an additional 500 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Unum Group by 60.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,218 shares of the financial services provider's stock worth $191,000 after acquiring an additional 1,211 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Unum Group by 23.5% in the third quarter. Chicago Partners Investment Group LLC now owns 4,941 shares of the financial services provider's stock valued at $313,000 after purchasing an additional 940 shares in the last quarter. Van ECK Associates Corp increased its position in Unum Group by 40.0% in the third quarter. Van ECK Associates Corp now owns 108,076 shares of the financial services provider's stock worth $6,855,000 after purchasing an additional 30,881 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Unum Group by 24.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 226,478 shares of the financial services provider's stock worth $13,462,000 after purchasing an additional 43,773 shares during the last quarter. Institutional investors own 86.57% of the company's stock.

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Insider Activity

In other news, CEO Richard P. Mckenney sold 50,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $81.99, for a total value of $4,099,500.00. Following the completion of the transaction, the chief executive officer now directly owns 980,637 shares of the company's stock, valued at approximately $80,402,427.63. The trade was a 4.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lisa G. Iglesias sold 7,000 shares of Unum Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total value of $579,250.00. Following the completion of the transaction, the executive vice president now owns 31,284 shares in the company, valued at $2,588,751. This trade represents a 18.28 % 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 Trading Down 0.5 %

UNM stock traded down $0.41 during mid-day trading on Friday, reaching $79.05. The company had a trading volume of 1,273,984 shares, compared to its average volume of 1,147,319. The firm has a 50 day moving average of $75.47 and a 200 day moving average of $68.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. Unum Group has a 12 month low of $48.38 and a 12 month high of $83.96. The company has a market capitalization of $14.44 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. On average, equities analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group declared that its board has initiated a stock buyback program on Tuesday, February 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 7.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, January 24th. Unum Group's dividend payout ratio (DPR) is 17.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UNM shares. BMO Capital Markets lifted their price objective on shares of Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research note on Monday. Jefferies Financial Group lifted their price target on Unum Group from $91.00 to $96.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. StockNews.com downgraded Unum Group from a "buy" rating to a "hold" rating in a research report on Friday. Piper Sandler raised their price objective on Unum Group from $82.00 to $87.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Unum Group from $90.00 to $103.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $86.62.

Unum Group 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.