Wealth Enhancement Advisory Services LLC Purchases 202 Shares of Unum Group (NYSE:UNM)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Unum Group (NYSE:UNM) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,169 shares of the financial services provider’s stock after acquiring an additional 202 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Unum Group were worth $2,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNM. Versant Capital Management Inc grew its position in Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after buying an additional 160 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Unum Group by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 180 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Unum Group by 38.2% during the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 194 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Unum Group by 3.1% in the third quarter. Brooklyn Investment Group now owns 6,592 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 197 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in Unum Group by 2.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 217 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Unum Group Trading Up 1.5 %

Shares of UNM opened at $72.98 on Wednesday. The stock has a market capitalization of $13.33 billion, a P/E ratio of 7.90, a PEG ratio of 1.06 and a beta of 0.81. Unum Group has a twelve month low of $44.83 and a twelve month high of $77.63. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $73.32 and a two-hundred day simple moving average of $62.48.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping 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 company had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the prior year, the business posted $1.94 earnings per share. Unum Group’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Unum Group will post 8.54 EPS for the current year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.30%. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UNM. Truist Financial increased their price target on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America increased their target price on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Piper Sandler lifted their price target on Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. Finally, Jefferies Financial Group boosted their target price on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.45.

Insider Activity at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the transaction, the executive vice president now owns 54,827 shares in the company, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the sale, the executive vice president now directly owns 58,741 shares in the company, valued at approximately $3,768,822.56. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,914 shares of company stock worth $7,998,745 over the last quarter. 0.93% of the stock is owned by corporate insiders.

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.