Versant Capital Management Inc Acquires 160 Shares of Unum Group (NYSE:UNM)

Versant Capital Management Inc increased its holdings in shares of Unum Group (NYSE:UNM) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 766 shares of the financial services provider’s stock after acquiring an additional 160 shares during the quarter. Versant Capital Management Inc’s holdings in Unum Group were worth $56,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CIBC Asset Management Inc increased its holdings in shares of Unum Group by 3.4% during the third quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 180 shares during the period. V Square Quantitative Management LLC increased its stake in Unum Group by 38.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 194 shares during the period. Brooklyn Investment Group raised its holdings in Unum Group by 3.1% in the 3rd quarter. Brooklyn Investment Group now owns 6,592 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 197 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Unum Group by 2.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider’s stock valued at $518,000 after acquiring an additional 217 shares during the period. Finally, Caprock Group LLC grew its holdings in shares of Unum Group by 1.8% during the 3rd quarter. Caprock Group LLC now owns 12,308 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity

In other Unum Group news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher W. Pyne sold 3,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the transaction, the executive vice president now directly owns 50,762 shares in the company, valued at $3,554,355.24. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,914 shares of company stock valued at $7,998,745. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Performance

Unum Group stock opened at $73.10 on Monday. The business has a 50 day moving average of $72.04 and a 200-day moving average of $61.32. The company has a market capitalization of $13.35 billion, a P/E ratio of 7.91, a P/E/G ratio of 1.06 and a beta of 0.81. Unum Group has a 1 year low of $44.83 and a 1 year high of $77.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 EPS. On average, equities research analysts predict that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on UNM shares. Truist Financial upped their price objective 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. Wells Fargo & Company increased their price target on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. UBS Group raised Unum Group to a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.09.

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.