Unum Group (NYSE:UNM) Shares Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV increased its position in shares of Unum Group (NYSE:UNM) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,231 shares of the financial services provider’s stock after buying an additional 1,198 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Unum Group were worth $2,865,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. raised its holdings in Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after purchasing an additional 307,175 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Unum Group by 50.0% in the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after purchasing an additional 156,380 shares during the period. International Assets Investment Management LLC grew its position in Unum Group by 5,844.0% during the third quarter. International Assets Investment Management LLC now owns 101,048 shares of the financial services provider’s stock valued at $6,006,000 after acquiring an additional 99,348 shares during the period. Algert Global LLC grew its position in Unum Group by 69.5% during the third quarter. Algert Global LLC now owns 236,264 shares of the financial services provider’s stock valued at $14,044,000 after acquiring an additional 96,916 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Unum Group during the third quarter valued at about $5,021,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Activity at Unum Group

In other news, Director Gloria C. Larson sold 10,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $74.50, for a total value of $745,000.00. Following the transaction, the director now owns 121,491 shares of the company’s stock, valued at $9,051,079.50. This represents a 7.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lisa G. Iglesias sold 5,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the sale, the executive vice president now directly owns 35,840 shares of the company’s stock, valued at $2,602,342.40. The trade was a 12.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,865 shares of company stock worth $6,315,082. 0.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on UNM shares. Truist Financial boosted their price target on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group increased 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. Keefe, Bruyette & Woods increased their price objective on Unum Group from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and increased their price target for the company from $67.00 to $84.00 in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $80.33.

Unum Group Stock Down 1.3 %

Shares of UNM opened at $74.42 on Friday. The firm’s 50 day moving average is $74.18 and its 200-day moving average is $66.08. The stock has a market capitalization of $13.59 billion, a PE ratio of 7.86, a P/E/G ratio of 1.17 and a beta of 0.80. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 12 month low of $48.28 and a 12 month high of $79.43.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Equities research analysts forecast that Unum Group will post 9.12 EPS for the current year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Friday, January 24th. Unum Group’s payout ratio is 17.74%.

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.