GAMMA Investing LLC Increases Position in Unum Group (NYSE:UNM)

GAMMA Investing LLC increased its stake in shares of Unum Group (NYSE:UNM) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,893 shares of the financial services provider’s stock after purchasing an additional 680 shares during the quarter. GAMMA Investing LLC’s holdings in Unum Group were worth $576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its position in shares of 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 worth $61,728,000 after buying an additional 571,436 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Unum Group by 62.9% in the second quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock valued at $57,237,000 after acquiring an additional 432,240 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Unum Group by 151.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after purchasing an additional 307,175 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Unum Group by 50.0% during the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock worth $29,554,000 after purchasing an additional 156,380 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Unum Group by 106.4% during the 2nd quarter. Hsbc Holdings PLC now owns 233,881 shares of the financial services provider’s stock valued at $11,915,000 after purchasing an additional 120,559 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In other news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at $581,591.16. This represents a 15.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the transaction, the executive vice president now owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. This represents a 15.43 % 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 in the last 90 days. 0.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UNM has been the topic of several research analyst reports. Truist Financial boosted their target price on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays boosted their price target on Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their price objective on shares of Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.09.

Unum Group Trading Up 0.2 %

Shares of Unum Group stock opened at $73.10 on Monday. The stock has a market cap of $13.35 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The firm has a fifty day moving average price of $72.04 and a 200 day moving average price of $61.32. Unum Group has a 1 year low of $44.83 and a 1 year high of $77.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share 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 business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the business posted $1.94 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Equities research analysts predict that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 annualized dividend and a yield of 2.30%. Unum Group’s dividend payout ratio is presently 18.18%.

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.