Orion Portfolio Solutions LLC Raises Position in Unum Group (NYSE:UNM)

Orion Portfolio Solutions LLC raised its holdings in Unum Group (NYSE:UNM) by 94.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,109 shares of the financial services provider’s stock after buying an additional 4,425 shares during the period. Orion Portfolio Solutions LLC’s holdings in Unum Group were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNM. 1620 Investment Advisors Inc. purchased a new position in Unum Group in the 2nd quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new position in Unum Group in the 3rd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group in the 3rd quarter valued at approximately $37,000. Innealta Capital LLC purchased a new stake in shares of Unum Group during the 2nd quarter worth $40,000. Finally, Family Firm Inc. purchased a new stake in shares of Unum Group during the 2nd quarter worth $41,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling at Unum Group

In other news, EVP Christopher W. Pyne sold 3,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the transaction, the executive vice president now owns 50,762 shares of the company’s stock, valued at $3,554,355.24. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 that occurred on Thursday, October 31st. The shares were sold at an average price of $64.16, for a total transaction 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. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock valued at $7,998,745 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

Unum Group Stock Down 1.0 %

Shares of NYSE:UNM opened at $72.88 on Wednesday. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 1.06 and a beta of 0.79. The firm’s 50-day simple moving average is $69.27 and its 200-day simple moving average is $59.25. 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 fifty-two week low of $43.65 and a fifty-two week high of $77.63.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.94 earnings per share. As a group, equities research analysts predict that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays lifted their price objective on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price target on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Evercore ISI upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Finally, UBS Group upgraded shares of Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.64.

Unum Group 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.