Brookstone Capital Management Makes New $251,000 Investment in Unum Group (NYSE:UNM)

Brookstone Capital Management bought a new position in shares of Unum Group (NYSE:UNM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,432 shares of the financial services provider’s stock, valued at approximately $251,000.

Several other large investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Unum Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider’s stock worth $326,950,000 after purchasing an additional 55,014 shares during the last quarter. ProShare Advisors LLC lifted its stake in Unum Group by 89.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock valued at $61,728,000 after acquiring an additional 571,436 shares during the period. Victory Capital Management Inc. lifted its stake in Unum Group by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock valued at $70,511,000 after acquiring an additional 66,392 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Unum Group by 151.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after acquiring an additional 307,175 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Unum Group by 50.0% during the 3rd quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after acquiring an additional 156,380 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on UNM shares. Barclays lifted their price objective on shares of Unum Group from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Jefferies Financial Group lifted their price objective on shares of Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial lifted their price objective on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America lifted their price objective on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, UBS Group upgraded shares of Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Unum Group currently has a consensus rating of “Moderate Buy” and an average price target of $75.45.

Insider Buying and Selling at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the sale, the executive vice president now owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. This represents a 15.43 % decrease in their ownership of the stock. 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 stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the sale, the chief executive officer now directly owns 1,007,003 shares in the company, valued at $75,917,956.17. This represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock valued at $7,998,745 over the last 90 days. 0.93% of the stock is owned by insiders.

Unum Group Price Performance

Unum Group stock opened at $75.02 on Friday. Unum Group has a 52-week low of $45.23 and a 52-week high of $77.63. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.97 and a beta of 0.81. The company has a fifty day simple moving average of $73.60 and a 200-day simple moving average of $62.89. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32.

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

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be given a $0.42 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a yield of 2.24%. Unum Group’s payout ratio 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.