Unum Group (NYSE:UNM) Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its position in shares of Unum Group (NYSE:UNM) by 442.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,254 shares of the financial services provider’s stock after acquiring an additional 15,705 shares during the period. Diversified Trust Co’s holdings in Unum Group were worth $1,406,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Natixis Advisors LLC raised its stake in Unum Group by 3.3% in the second quarter. Natixis Advisors LLC now owns 27,296 shares of the financial services provider’s stock valued at $1,395,000 after buying an additional 873 shares in the last quarter. Private Advisor Group LLC lifted its stake in Unum Group by 1.5% during the second quarter. Private Advisor Group LLC now owns 29,481 shares of the financial services provider’s stock worth $1,507,000 after purchasing an additional 437 shares during the last quarter. Caprock Group LLC increased its stake in Unum Group by 79.7% in the second quarter. Caprock Group LLC now owns 12,087 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 5,362 shares during the last quarter. Choreo LLC acquired a new stake in Unum Group during the second quarter worth approximately $346,000. Finally, United Services Automobile Association lifted its position in shares of Unum Group by 3.9% during the 2nd quarter. United Services Automobile Association now owns 14,257 shares of the financial services provider’s stock worth $729,000 after buying an additional 531 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Down 0.6 %

UNM stock opened at $72.96 on Thursday. The stock has a market capitalization of $13.32 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The company has a fifty day moving average of $72.50 and a 200-day moving average of $61.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a one year low of $44.83 and a one year high of $77.63.

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, beating analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.94 EPS. As a group, analysts expect that Unum Group will post 8.54 EPS for the current year.

Unum Group Announces Dividend

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

Insider Transactions at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 58,865 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the sale, the chief executive officer now directly owns 1,007,003 shares in the company, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the firm’s stock in a transaction on 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 a total of 107,914 shares of company stock valued at $7,998,745 in the last ninety days. 0.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on UNM shares. Morgan Stanley lifted their price target on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Jefferies Financial Group raised their price target on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler boosted their price objective on Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Truist Financial raised their target price 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average price target of $74.55.

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.