1,440,490 Shares in Unum Group (NYSE:UNM) Acquired by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI acquired a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,440,490 shares of the financial services provider's stock, valued at approximately $105,199,000. Unum Group comprises approximately 0.9% of Zurich Insurance Group Ltd FI's holdings, making the stock its 24th biggest holding. Zurich Insurance Group Ltd FI owned about 0.79% of Unum Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Unum Group by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock valued at $1,496,939,000 after buying an additional 1,596,078 shares during the last quarter. Norges Bank purchased a new stake in Unum Group in the fourth quarter valued at $1,003,918,000. Charles Schwab Investment Management Inc. boosted its holdings in Unum Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock valued at $405,481,000 after purchasing an additional 51,744 shares during the last quarter. Northern Trust Corp boosted its holdings in Unum Group by 33.2% in the fourth quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider's stock valued at $140,973,000 after purchasing an additional 480,926 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Unum Group by 15.4% in the fourth quarter. First Trust Advisors LP now owns 1,708,452 shares of the financial services provider's stock valued at $124,768,000 after purchasing an additional 227,644 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Price Performance

UNM stock traded up $0.27 during mid-day trading on Friday, reaching $79.90. The company's stock had a trading volume of 693,326 shares, compared to its average volume of 1,320,293. The stock has a market cap of $13.93 billion, a PE ratio of 8.44, a P/E/G ratio of 1.14 and a beta of 0.38. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a fifty-two week low of $48.38 and a fifty-two week high of $84.48. The company's 50 day moving average is $78.72 and its two-hundred day moving average is $76.31.

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

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were paid a $0.42 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. Unum Group's dividend payout ratio (DPR) is 19.79%.

Unum Group declared that its board has authorized a share buyback program on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 7.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms have recently issued reports on UNM. Piper Sandler increased their target price on shares of Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Barclays increased 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. Raymond James raised shares of Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 target price on the stock in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods reduced their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, UBS Group reduced their price target on shares of Unum Group from $91.00 to $89.00 and set a "neutral" rating for the company in a research report on Friday. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $88.29.

Insider Activity

In related news, EVP Lisa G. Iglesias sold 7,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 31,284 shares of the company's stock, valued at approximately $2,588,751. This trade represents a 18.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the transaction, the chief executive officer now directly owns 980,637 shares of the company's stock, valued at $80,402,427.63. The trade was a 4.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,000 shares of company stock valued at $5,478,750 in the last 90 days. Company insiders own 0.92% of the company's stock.

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.