Kingsman Wealth Management Inc. Makes New Investment in Unum Group (NYSE:UNM)

Kingsman Wealth Management Inc. bought a new stake in Unum Group (NYSE:UNM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,150 shares of the financial services provider's stock, valued at approximately $582,000.

A number of other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in shares of Unum Group in the 4th quarter valued at $45,000. Rossby Financial LCC acquired a new position in Unum Group in the 1st quarter worth $46,000. Wayfinding Financial LLC acquired a new position in Unum Group in the 1st quarter worth $49,000. Cullen Frost Bankers Inc. boosted its stake in Unum Group by 1,289.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider's stock worth $66,000 after purchasing an additional 748 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in Unum Group in the 4th quarter worth $102,000. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Up 1.1%

Unum Group stock traded up $0.86 during trading hours on Tuesday, hitting $80.63. The stock had a trading volume of 941,881 shares, compared to its average volume of 1,327,215. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $14.06 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 1.27 and a beta of 0.41. Unum Group has a 12-month low of $51.80 and a 12-month high of $84.48. The stock's 50-day moving average price is $80.36 and its 200-day moving average price is $78.22.

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 for the quarter, missing the consensus estimate of $2.19 by ($0.15). The company had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.34 billion. Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 earnings per share. Equities research analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 25th will be given a dividend of $0.46 per share. The ex-dividend date is Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.28%. This is a positive change from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio (DPR) is 21.67%.

Insider Buying and Selling

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the executive vice president owned 51,170 shares of the company's stock, valued at approximately $4,093,600. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by company insiders.

Analysts Set New Price Targets

UNM has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Barclays set a $96.00 target price on shares of Unum Group and gave the stock an "overweight" rating in a research report on Monday, July 7th. Morgan Stanley increased their price target on shares of Unum Group from $83.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Piper Sandler boosted their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Finally, UBS Group set a $89.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and a consensus price target of $90.14.

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.