Bleakley Financial Group LLC Buys 502 Shares of Unum Group (NYSE:UNM)

Bleakley Financial Group LLC boosted its stake in Unum Group (NYSE:UNM) by 8.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,809 shares of the financial services provider’s stock after purchasing an additional 502 shares during the period. Bleakley Financial Group LLC’s holdings in Unum Group were worth $405,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UNM. DGS Capital Management LLC grew its position in Unum Group by 4.3% in the 1st quarter. DGS Capital Management LLC now owns 34,586 shares of the financial services provider’s stock worth $1,856,000 after purchasing an additional 1,437 shares during the period. Hennessy Advisors Inc. grew its position in Unum Group by 44.0% in the 1st quarter. Hennessy Advisors Inc. now owns 106,000 shares of the financial services provider’s stock worth $5,688,000 after purchasing an additional 32,400 shares during the period. Artemis Investment Management LLP grew its position in Unum Group by 44.2% in the 1st quarter. Artemis Investment Management LLP now owns 161,841 shares of the financial services provider’s stock worth $8,680,000 after purchasing an additional 49,646 shares during the period. MCF Advisors LLC bought a new stake in Unum Group in the 1st quarter worth approximately $35,000. Finally, Aviance Capital Partners LLC grew its position in Unum Group by 6.3% in the 1st quarter. Aviance Capital Partners LLC now owns 38,298 shares of the financial services provider’s stock worth $2,055,000 after purchasing an additional 2,283 shares during the period. Institutional investors own 86.57% of the company’s stock.

Insiders Place Their Bets

In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total value of $3,727,369.10. Following the sale, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Richard P. Mckenney sold 67,795 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $54.98, for a total value of $3,727,369.10. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total transaction of $541,100.00. Following the completion of the sale, the executive vice president now owns 64,821 shares in the company, valued at approximately $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. Corporate insiders own 0.93% of the company’s stock.

Unum Group Stock Down 0.1 %

UNM opened at $63.33 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a fifty-two week low of $41.75 and a fifty-two week high of $64.52. The firm’s fifty day moving average is $57.60 and its 200 day moving average is $53.98. The stock has a market cap of $11.76 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.94 and a beta of 0.77.

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

Unum Group announced that its board has authorized a share repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s payout ratio is currently 24.71%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UNM shares. Wells Fargo & Company lifted their price target 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. Jefferies Financial Group lifted their price target on shares of Unum Group from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Bank of America lifted their price target on shares of Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Truist Financial lifted their price target on shares of Unum Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. dropped 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. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.64.

Unum Group Company 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.