Chicago Partners Investment Group LLC Acquires 940 Shares of Unum Group (NYSE:UNM)

Chicago Partners Investment Group LLC raised its holdings in Unum Group (NYSE:UNM) by 23.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,941 shares of the financial services provider’s stock after purchasing an additional 940 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Unum Group were worth $313,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Unum Group in the 1st quarter valued at $1,130,000. Tidal Investments LLC raised its position in Unum Group by 80.7% in the 1st quarter. Tidal Investments LLC now owns 64,008 shares of the financial services provider’s stock valued at $3,436,000 after purchasing an additional 28,580 shares during the last quarter. Wedge Capital Management L L P NC raised its position in 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 valued at $44,609,000 after purchasing an additional 64,661 shares during the last quarter. Cetera Advisors LLC bought a new position in Unum Group in the 1st quarter valued at $703,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Unum Group by 54.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,514 shares of the financial services provider’s stock valued at $4,150,000 after purchasing an additional 27,599 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

UNM has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on Unum Group from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Piper Sandler reissued an “overweight” rating and issued a $66.00 target price (up from $64.00) on shares of Unum Group in a research note on Friday, September 27th. UBS Group raised Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Finally, Truist Financial lifted their target price on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.09.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the transaction, the executive vice president now directly owns 58,741 shares of the company’s stock, valued at approximately $3,768,822.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Richard P. Mckenney sold 67,795 shares of the business’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 directly owns 1,065,868 shares in the company, valued at $58,601,422.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the sale, the executive vice president now owns 58,741 shares in the company, valued at approximately $3,768,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,795 shares of company stock valued at $4,589,269. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Up 1.2 %

Shares of Unum Group stock opened at $64.87 on Wednesday. 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. The business has a fifty day simple moving average of $59.40 and a 200 day simple moving average of $54.85. The stock has a market cap of $11.85 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.94 and a beta of 0.76.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the firm earned $1.94 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Research analysts predict that Unum Group will post 8.52 EPS for the current year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.59%. Unum Group’s payout ratio is 18.18%.

Unum Group announced that its Board of Directors has approved a share repurchase plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 10% 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.

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.