Weiss Asset Management LP bought a new stake in shares of Unum Group (NYSE:UNM - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,676 shares of the financial services provider's stock, valued at approximately $1,051,000.
Other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp lifted its position in shares of Unum Group by 9.0% during the 3rd quarter. Stifel Financial Corp now owns 223,463 shares of the financial services provider's stock worth $13,283,000 after buying an additional 18,540 shares during the last quarter. Quadrature Capital Ltd lifted its position in shares of Unum Group by 107.4% during the 3rd quarter. Quadrature Capital Ltd now owns 18,497 shares of the financial services provider's stock worth $1,099,000 after buying an additional 9,579 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Unum Group by 11.9% during the 3rd quarter. Quantinno Capital Management LP now owns 195,916 shares of the financial services provider's stock worth $11,645,000 after buying an additional 20,770 shares during the last quarter. Quarry LP raised its position in Unum Group by 4,794.7% in the third quarter. Quarry LP now owns 930 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 911 shares during the last quarter. Finally, Redwood Investment Management LLC raised its position in Unum Group by 4.1% in the third quarter. Redwood Investment Management LLC now owns 28,415 shares of the financial services provider's stock valued at $1,667,000 after purchasing an additional 1,122 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
UNM has been the subject of several research reports. Morgan Stanley increased their target price on Unum Group from $62.00 to $64.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Truist Financial increased their price target on Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Piper Sandler reissued an "overweight" rating and issued a $66.00 price target (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Bank of America increased their price target on Unum Group from $54.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, Barclays increased their price target on Unum Group from $72.00 to $74.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $67.73.
Get Our Latest Report on Unum Group
Insider Buying and Selling
In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the executive vice president now directly owns 54,827 shares of the company's stock, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Christopher W. Pyne sold 3,250 shares of Unum Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the transaction, the executive vice president now owns 50,762 shares of the company's stock, valued at approximately $3,554,355.24. This trade represents a 6.02 % decrease in their ownership of the stock. 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. 0.93% of the stock is owned by company insiders.
Unum Group Stock Down 1.2 %
NYSE:UNM traded down $0.91 on Monday, hitting $74.05. The stock had a trading volume of 1,301,767 shares, compared to its average volume of 1,253,206. Unum Group has a 52 week low of $43.04 and a 52 week high of $77.63. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The business's fifty day moving average is $67.66 and its 200 day moving average is $58.37. The company has a market cap of $13.52 billion, a PE ratio of 8.11, a P/E/G ratio of 1.07 and a beta of 0.79.
Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating 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 analyst estimates of $3.26 billion. During the same quarter last year, the company earned $1.94 earnings per share. The company's revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Unum Group will post 8.53 EPS for the current fiscal year.
Unum Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.27%. Unum Group's dividend payout ratio (DPR) is currently 18.18%.
About Unum Group
(
Free Report)
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.
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