Advisor OS LLC Takes $201,000 Position in Unum Group (NYSE:UNM)

Advisor OS LLC acquired a new stake in Unum Group (NYSE:UNM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,750 shares of the financial services provider’s stock, valued at approximately $201,000.

Other hedge funds have also modified their holdings of the company. Barrett & Company Inc. increased its holdings in shares of Unum Group by 300.0% in the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 297 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Unum Group in the third quarter valued at about $31,000. Kestra Investment Management LLC acquired a new position in shares of Unum Group in the fourth quarter valued at about $38,000. Quarry LP increased its holdings in shares of 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 period. Finally, Versant Capital Management Inc increased its holdings in shares of Unum Group by 26.4% in the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 160 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UNM has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on Unum Group from $81.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Piper Sandler upped their target price on Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Jefferies Financial Group upped their target price on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets initiated coverage on Unum Group in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $91.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their target price on Unum Group from $90.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.92.

Unum Group Stock Performance

Shares of UNM stock opened at $82.27 on Friday. The company has a market capitalization of $15.02 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.14 and a beta of 0.80. The business’s 50 day moving average is $74.73 and its two-hundred day moving average is $67.43. 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 $48.38 and a 12-month high of $83.96.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. Analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a $0.42 dividend. The ex-dividend date was Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.04%. Unum Group’s dividend payout ratio (DPR) is presently 17.74%.

Unum Group declared that its board has authorized a stock repurchase plan 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 buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.