3,528 Shares in Unum Group (NYSE:UNM) Purchased by Challenger Wealth Management

Challenger Wealth Management acquired a new position in Unum Group (NYSE:UNM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,528 shares of the financial services provider's stock, valued at approximately $258,000.

Other institutional investors also recently bought and sold shares of the company. Barrett & Company Inc. boosted its holdings in Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after buying an additional 297 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Unum Group during the 4th quarter valued at approximately $38,000. Millstone Evans Group LLC purchased a new stake in shares of Unum Group during the 4th quarter valued at approximately $45,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Unum Group during the 4th quarter valued at approximately $58,000. Finally, V Square Quantitative Management LLC raised its position in shares of Unum Group by 36.5% during the 4th quarter. V Square Quantitative Management LLC now owns 958 shares of the financial services provider's stock valued at $70,000 after buying an additional 256 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UNM shares. Raymond James raised shares of Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price target on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on shares of Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lifted their price target on shares of Unum Group from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Piper Sandler boosted their target price on Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Wall Street Zen lowered Unum Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Five research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.29.

Insider Buying and Selling at Unum Group

In other news, EVP Lisa G. Iglesias sold 7,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total value of $579,250.00. Following the completion of the sale, the executive vice president now directly owns 31,284 shares of the company's stock, valued at approximately $2,588,751. This represents a 18.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard P. Mckenney sold 50,000 shares of the company's 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,000 shares of company stock worth $5,478,750 over the last 90 days. Corporate insiders own 0.93% of the company's stock.

Unum Group Stock Up 0.2%

Shares of UNM stock traded up $0.18 on Friday, reaching $81.56. 235,750 shares of the stock were exchanged, compared to its average volume of 1,312,215. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The business's 50 day moving average price is $78.64 and its 200 day moving average price is $76.58. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.14 and a beta of 0.38. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48.

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

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 annualized dividend and a yield of 2.06%. Unum Group's dividend payout ratio is presently 19.79%.

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

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.