GAMMA Investing LLC Has $165,000 Position in Unum Group (NYSE:UNM)

GAMMA Investing LLC increased its position in shares of Unum Group (NYSE:UNM) by 7.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,071 shares of the financial services provider’s stock after purchasing an additional 204 shares during the period. GAMMA Investing LLC’s holdings in Unum Group were worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in UNM. Boone Capital Management LLC raised its holdings in Unum Group by 10.8% in the 4th quarter. Boone Capital Management LLC now owns 961,661 shares of the financial services provider’s stock valued at $43,486,000 after acquiring an additional 94,096 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Unum Group by 3.6% in the 4th quarter. Allianz Asset Management GmbH now owns 950,914 shares of the financial services provider’s stock valued at $43,000,000 after acquiring an additional 33,454 shares in the last quarter. First Trust Advisors LP raised its holdings in Unum Group by 43.0% in the 4th quarter. First Trust Advisors LP now owns 973,480 shares of the financial services provider’s stock valued at $44,021,000 after acquiring an additional 292,917 shares in the last quarter. Norges Bank acquired a new position in Unum Group in the 4th quarter valued at $590,489,000. Finally, NewSquare Capital LLC raised its holdings in Unum Group by 4.6% in the 4th quarter. NewSquare Capital LLC now owns 228,132 shares of the financial services provider’s stock valued at $10,177,000 after acquiring an additional 10,021 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Morgan Stanley lifted their price target on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Truist Financial lifted their price target on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company lifted their price target on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.38.

Unum Group Trading Up 1.0 %

Shares of UNM stock opened at $50.85 on Friday. The firm has a market capitalization of $9.63 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.07 and a beta of 0.83. Unum Group has a twelve month low of $41.75 and a twelve month high of $54.57. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $51.63 and its 200 day simple moving average is $49.42.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. Unum Group’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS. As a group, sell-side analysts predict that Unum Group will post 8.24 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, April 26th were issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 2.87%. The ex-dividend date was Thursday, April 25th. Unum Group’s payout ratio is presently 21.69%.

Insiders Place Their Bets

In other Unum Group news, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the transaction, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Unum Group news, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the transaction, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy F. Keaney sold 8,000 shares of Unum Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total value of $420,880.00. Following the transaction, the director now directly owns 37,505 shares in the company, valued at $1,973,138.05. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

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.