Unum Group (NYSE:UNM) Stock Position Raised by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its position in shares of Unum Group (NYSE:UNM) by 23.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,941 shares of the financial services provider’s stock after purchasing an additional 940 shares during the period. Chicago Partners Investment Group LLC’s holdings in Unum Group were worth $313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNM. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Unum Group by 54.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,514 shares of the financial services provider’s stock worth $4,150,000 after purchasing an additional 27,599 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Unum Group by 116.3% during the 1st quarter. BNP Paribas Financial Markets now owns 34,606 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 18,604 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Unum Group by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 60,195 shares of the financial services provider’s stock worth $3,230,000 after purchasing an additional 2,280 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Unum Group by 625.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Unum Group by 0.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 159,106 shares of the financial services provider’s stock worth $8,538,000 after purchasing an additional 723 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Performance

UNM opened at $64.87 on Wednesday. The firm has a market capitalization of $11.85 billion, a P/E ratio of 7.02, a price-to-earnings-growth ratio of 0.94 and a beta of 0.76. The stock’s 50 day moving average price is $59.40 and its two-hundred day moving average price is $54.85. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 12-month low of $41.86 and a 12-month high of $64.97.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate 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 firm earned $1.94 EPS. Unum Group’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that Unum Group will post 8.52 earnings per share for the current year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s payout ratio is presently 18.18%.

Unum Group declared that its board has approved a stock buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 10% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on UNM. Wells Fargo & Company increased their price objective on Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Jefferies Financial Group increased their price objective on Unum Group from $63.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Piper Sandler reissued an “overweight” rating and set a $66.00 price objective (up previously from $64.00) on shares of Unum Group in a report on Friday, September 27th. Barclays increased their price objective on Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Truist Financial increased their price objective on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.09.

Insider Transactions at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the sale, the executive vice president now owns 58,741 shares of the company’s stock, valued at approximately $3,768,822.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy Gerald Arnold sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total transaction of $541,100.00. Following the completion of the transaction, the executive vice president now owns 64,821 shares in the company, valued at $3,507,464.31. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the transaction, the executive vice president now owns 58,741 shares of the company’s stock, valued at $3,768,822.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,795 shares of company stock valued at $4,589,269. 0.93% of the stock is owned by corporate insiders.

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.