Brookstone Capital Management Buys New Holdings in Unum Group (NYSE:UNM)

Brookstone Capital Management purchased a new stake in Unum Group (NYSE:UNM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,432 shares of the financial services provider’s stock, valued at approximately $251,000.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Unum Group in the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group in the third quarter valued at approximately $37,000. V Square Quantitative Management LLC increased its stake in Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 194 shares during the last quarter. William B. Walkup & Associates Inc. purchased a new position in Unum Group in the second quarter valued at approximately $44,000. Finally, Quarry LP increased its stake in Unum Group by 4,794.7% in the third quarter. Quarry LP now owns 930 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 911 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Unum Group

In related news, EVP Christopher W. Pyne sold 3,250 shares of Unum Group 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 owns 50,762 shares in the company, valued at approximately $3,554,355.24. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the sale, 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 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 insiders.

Unum Group Price Performance

Unum Group stock opened at $75.02 on Friday. Unum Group has a one year low of $45.23 and a one year high of $77.63. 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 business has a fifty day moving average of $73.60 and a two-hundred day moving average of $62.89. The company has a market cap of $13.70 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 0.97 and a beta of 0.81.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, analysts predict that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.24%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Ratings Changes

UNM has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on shares of Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group raised their target price on shares of Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. UBS Group upgraded shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Evercore ISI upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Finally, Piper Sandler raised their target price on shares of Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.45.

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.