SG Americas Securities LLC Takes $513,000 Position in Unum Group (NYSE:UNM)

SG Americas Securities LLC bought a new position in shares of Unum Group (NYSE:UNM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,638 shares of the financial services provider’s stock, valued at approximately $513,000.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc increased its stake in Unum Group by 361.5% in the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 394 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Unum Group in the second quarter valued at about $26,000. Salomon & Ludwin LLC acquired a new position in Unum Group during the 1st quarter worth approximately $28,000. 1620 Investment Advisors Inc. acquired a new position in shares of Unum Group during the 2nd quarter worth $29,000. Finally, MCF Advisors LLC purchased a new position in shares of Unum Group in the 1st quarter valued at about $35,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total transaction of $541,100.00. Following the transaction, the executive vice president now directly owns 64,821 shares in the company, valued at approximately $3,507,464.31. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Richard P. Mckenney sold 67,795 shares of Unum Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $54.98, for a total value of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares in the company, valued at $58,601,422.64. The trade was a 0.00 % decrease in their position. The sale 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 the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total value of $541,100.00. Following the sale, the executive vice president now directly owns 64,821 shares in the company, valued at $3,507,464.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on UNM shares. Citigroup boosted their target price on Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Barclays decreased their price target on shares of Unum Group from $73.00 to $72.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Truist Financial boosted their price objective on shares of Unum Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their price target on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.64.

Unum Group Stock Up 0.5 %

Shares of NYSE UNM opened at $63.28 on Wednesday. The stock has a fifty day moving average price of $56.36 and a 200 day moving average price of $53.57. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.33. Unum Group has a 12-month low of $41.75 and a 12-month high of $63.88. The company has a market cap of $11.75 billion, a P/E ratio of 9.35, a P/E/G ratio of 0.91 and a beta of 0.77.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.14. Unum Group had a return on equity of 15.55% and a net margin of 10.40%. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the business earned $2.06 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Research analysts anticipate that Unum Group will post 8.49 EPS for the current fiscal year.

Unum Group declared that its Board of Directors has initiated a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 10% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is presently 24.71%.

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.