Unum Group (NYSE:UNM) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in shares of Unum Group (NYSE:UNM) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,795 shares of the financial services provider’s stock after buying an additional 1,499 shares during the period. Natixis Advisors LLC’s holdings in Unum Group were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its position in shares of Unum Group by 361.5% during the 2nd quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 394 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Unum Group in the 2nd quarter worth approximately $26,000. 1620 Investment Advisors Inc. purchased a new position in Unum Group in the 2nd quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new position in Unum Group during the third quarter worth $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Unum Group during the third quarter worth $37,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the sale, the executive vice president now directly owns 50,762 shares in the company, valued at $3,554,355.24. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the completion of the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 165,709 shares of company stock worth $10,956,914 in the last three months. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Up 0.5 %

Shares of NYSE UNM opened at $76.21 on Tuesday. The firm’s 50 day moving average price is $63.86 and its 200 day moving average price is $56.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $13.92 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 1.11 and a beta of 0.76. Unum Group has a 1 year low of $41.97 and a 1 year high of $76.72.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. As a group, sell-side analysts anticipate that Unum Group will post 8.53 earnings per share for the current year.

Unum Group announced that its board has initiated a share buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 10% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio is currently 18.18%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UNM shares. Barclays raised their price target on Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Bank of America raised their target price on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group raised shares of Unum Group to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their price target on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Piper Sandler restated an “overweight” rating and set a $66.00 price objective (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Four 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.73.

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.