Unum Group (NYSE:UNM) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in Unum Group (NYSE:UNM) by 5.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,795 shares of the financial services provider’s stock after purchasing an additional 1,499 shares during the period. Natixis Advisors LLC’s holdings in Unum Group were worth $1,712,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in shares of Unum Group by 361.5% during the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 394 shares during the period. V Square Quantitative Management LLC acquired a new position in Unum Group during the 2nd quarter worth $26,000. 1620 Investment Advisors Inc. purchased a new stake in Unum Group during the 2nd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in Unum Group in the 3rd quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Unum Group in the third quarter valued at approximately $37,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Unum Group news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the sale, the chief accounting officer now owns 8,361 shares of the company’s stock, valued at approximately $581,591.16. The trade was a 15.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total value of $4,437,832.35. Following the transaction, the chief executive officer now owns 1,007,003 shares in the company, valued at $75,917,956.17. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,709 shares of company stock valued at $10,956,914. Company insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Truist Financial boosted their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wells Fargo & Company upped their price objective on Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Bank of America boosted their target price on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and a consensus price target of $67.73.

Unum Group Stock Up 0.5 %

UNM stock opened at $76.21 on Tuesday. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.11 and a beta of 0.76. The company has a fifty day moving average price of $63.86 and a 200 day moving average price of $56.71. 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 has a 12 month low of $41.97 and a 12 month high of $76.72.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company earned $1.94 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that Unum Group will post 8.53 earnings per share for the current year.

Unum Group announced that its board has authorized a share buyback plan 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 plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a $0.42 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.20%. Unum Group’s dividend payout ratio (DPR) is currently 18.18%.

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.