Unum Group (NYSE:UNM) Shares Acquired by Algert Global LLC

Algert Global LLC grew its holdings in Unum Group (NYSE:UNM - Free Report) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 248,325 shares of the financial services provider's stock after acquiring an additional 12,061 shares during the period. Unum Group comprises 0.4% of Algert Global LLC's holdings, making the stock its 11th biggest position. Algert Global LLC owned about 0.14% of Unum Group worth $18,135,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bessemer Group Inc. boosted its position in Unum Group by 2.2% in the 4th quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider's stock worth $478,000 after purchasing an additional 143 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Unum Group by 0.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider's stock valued at $1,330,000 after purchasing an additional 147 shares during the period. Versant Capital Management Inc boosted its holdings 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. Thurston Springer Miller Herd & Titak Inc. grew its position in Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock valued at $58,000 after buying an additional 179 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in Unum Group by 1.4% in the fourth quarter. QRG Capital Management Inc. now owns 13,336 shares of the financial services provider's stock valued at $974,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UNM shares. Wells Fargo & Company increased their target price on Unum Group from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday. StockNews.com lowered shares of Unum Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Barclays boosted their target price on shares of Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. BMO Capital Markets raised their price target on shares of Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a research note on Monday, March 3rd. Finally, Piper Sandler boosted their price objective on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Unum Group currently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Unum Group Trading Down 1.1 %

Shares of UNM stock traded down $0.90 during mid-day trading on Monday, reaching $78.71. The company's stock had a trading volume of 946,654 shares, compared to its average volume of 1,305,044. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.87 billion, a PE ratio of 8.31, a price-to-earnings-growth ratio of 1.14 and a beta of 0.38. The company's 50 day simple moving average is $78.45 and its 200-day simple moving average is $74.76. Unum Group has a 12-month low of $48.38 and a 12-month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.34 billion. During the same quarter in the prior year, the company earned $2.12 EPS. The firm's revenue was down 3.4% compared to the same quarter last year. On average, research analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, April 25th. Unum Group's payout ratio is currently 19.79%.

Unum Group announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 7.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Unum Group news, EVP Lisa G. Iglesias sold 7,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the completion of the sale, the executive vice president now owns 31,284 shares in the company, valued at $2,588,751. The trade was a 18.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the completion of the transaction, the chief executive officer now directly owns 980,637 shares of the company's stock, valued at $80,402,427.63. This trade represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.92% of the company's stock.

About Unum Group

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.