Wellington Management Group LLP Purchases Shares of 3,282 Unum Group (NYSE:UNM)

Wellington Management Group LLP purchased a new position in shares of Unum Group (NYSE:UNM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,282 shares of the financial services provider’s stock, valued at approximately $240,000.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after buying an additional 160 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Unum Group by 28.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 179 shares during the last quarter. QRG Capital Management Inc. raised its stake in Unum Group by 1.4% in the 4th quarter. QRG Capital Management Inc. now owns 13,336 shares of the financial services provider’s stock valued at $974,000 after acquiring an additional 189 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Unum Group by 0.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,169 shares of the financial services provider’s stock valued at $2,568,000 after purchasing an additional 202 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its position in Unum Group by 0.6% during the fourth quarter. Naples Global Advisors LLC now owns 36,075 shares of the financial services provider’s stock worth $2,635,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Unum Group from $75.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. raised their price objective on shares of Unum Group from $81.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. StockNews.com downgraded Unum Group from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Raymond James raised Unum Group from a “market perform” rating to a “strong-buy” rating and set a $108.00 price target for the company in a report on Wednesday, March 5th. Finally, Piper Sandler upped their price objective on Unum Group from $87.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.36.

Unum Group Trading Up 0.5 %

UNM opened at $77.26 on Wednesday. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 1.14 and a beta of 0.46. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48. The company has a 50-day simple moving average of $77.79 and a 200 day simple moving average of $73.11.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. Analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.17%. Unum Group’s payout ratio is 17.74%.

Unum Group announced that its board has authorized a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 7.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, CEO Richard P. Mckenney sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $81.99, for a total value of $4,099,500.00. Following the sale, the chief executive officer now directly owns 980,637 shares in the company, valued at approximately $80,402,427.63. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lisa G. Iglesias sold 7,000 shares of Unum Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the sale, the executive vice president now directly owns 31,284 shares in the company, valued at $2,588,751. This trade represents a 18.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

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.