V Square Quantitative Management LLC Grows Position in Unum Group (NYSE:UNM)

V Square Quantitative Management LLC grew its position in shares of Unum Group (NYSE:UNM) by 38.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 702 shares of the financial services provider’s stock after acquiring an additional 194 shares during the quarter. V Square Quantitative Management LLC’s holdings in Unum Group were worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in UNM. Nordea Investment Management AB lifted its position in shares of Unum Group by 51.7% during the first quarter. Nordea Investment Management AB now owns 2,961,539 shares of the financial services provider’s stock valued at $158,590,000 after purchasing an additional 1,008,776 shares in the last quarter. ProShare Advisors LLC increased its stake in Unum Group by 89.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock valued at $61,728,000 after buying an additional 571,436 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Unum Group by 62.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock worth $57,237,000 after buying an additional 432,240 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Unum Group by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock worth $44,609,000 after buying an additional 64,661 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Unum Group by 1.7% in the 1st quarter. Principal Financial Group Inc. now owns 686,154 shares of the financial services provider’s stock worth $36,819,000 after buying an additional 11,611 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Down 0.9 %

UNM stock opened at $63.62 on Monday. The stock has a 50-day simple moving average of $57.21 and a two-hundred day simple moving average of $53.84. Unum Group has a twelve month low of $41.75 and a twelve month high of $64.52. The firm has a market capitalization of $11.82 billion, a PE ratio of 9.36, a PEG ratio of 0.94 and a beta of 0.77. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.33.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $2.02 by $0.14. Unum Group had a net margin of 10.40% and a return on equity of 15.55%. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the company earned $2.06 earnings per share. Unum Group’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts predict that Unum Group will post 8.49 EPS for the current fiscal year.

Unum Group announced that its board has authorized a share buyback plan on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 10% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.64%. The ex-dividend date is Friday, October 25th. Unum Group’s dividend payout ratio is 24.71%.

Insider Buying and Selling

In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.98, for a total value of $3,727,369.10. Following the sale, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Richard P. Mckenney sold 67,795 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total value of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares in the company, valued at approximately $58,601,422.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total transaction of $541,100.00. Following the sale, the executive vice president now owns 64,821 shares of the company’s stock, valued at approximately $3,507,464.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.93% of the stock is owned by company insiders.

Analyst Ratings Changes

UNM has been the topic of a number of recent analyst reports. Citigroup lifted their price target on Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Truist Financial increased their price target on shares of Unum Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. UBS Group raised shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Bank of America raised their target price on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.64.

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.