Global Retirement Partners LLC Acquires 224 Shares of Unum Group (NYSE:UNM)

Global Retirement Partners LLC raised its position in Unum Group (NYSE:UNM) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,292 shares of the financial services provider’s stock after purchasing an additional 224 shares during the period. Global Retirement Partners LLC’s holdings in Unum Group were worth $493,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of UNM. DGS Capital Management LLC boosted its holdings 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 valued at $1,856,000 after purchasing an additional 1,437 shares during the period. Hennessy Advisors Inc. boosted its holdings 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 valued at $5,688,000 after purchasing an additional 32,400 shares during the period. Artemis Investment Management LLP boosted its holdings 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 valued at $8,680,000 after purchasing an additional 49,646 shares during the period. MCF Advisors LLC bought a new position in Unum Group in the 1st quarter valued at $35,000. Finally, Aviance Capital Partners LLC boosted its holdings 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 valued at $2,055,000 after purchasing an additional 2,283 shares during the period. 86.57% of the stock is owned by institutional investors.

Unum Group Trading Down 0.4 %

NYSE:UNM opened at $63.38 on Tuesday. Unum Group has a one year low of $41.75 and a one year high of $64.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50-day simple moving average is $57.41 and its 200 day simple moving average is $53.91. The firm has a market capitalization of $11.77 billion, a P/E ratio of 9.32, a PEG ratio of 0.94 and a beta of 0.77.

Unum Group (NYSE:UNM) last posted its quarterly earnings data 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. Unum Group had a net margin of 10.40% and a return on equity of 15.55%. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Unum Group’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, analysts forecast that Unum Group will post 8.49 EPS for the current fiscal year.

Unum Group declared that its board has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 10% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Unum Group Announces Dividend

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

Insider Transactions at Unum Group

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

Analyst Ratings Changes

A number of research firms have recently issued reports on UNM. JPMorgan Chase & Co. dropped their price objective on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Citigroup lifted their price objective on shares of Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Bank of America lifted their price objective on shares of Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Truist Financial lifted their price objective on shares of Unum Group from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, UBS Group raised shares of Unum Group to a “hold” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.