Kingsman Wealth Management Inc. Buys Shares of 7,150 Unum Group (NYSE:UNM)

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

Several other large investors also recently added to or reduced their stakes in UNM. Norges Bank bought a new stake in Unum Group during the fourth quarter valued at $1,003,918,000. Vanguard Group Inc. raised its position in 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 purchasing an additional 1,596,078 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Unum Group in the fourth quarter worth about $113,962,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Unum Group in the fourth quarter worth about $105,199,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Unum Group in the fourth quarter worth about $65,096,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UNM shares. UBS Group set a $89.00 price target on Unum Group and gave the company a "neutral" rating in a report on Friday, May 23rd. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Piper Sandler increased their target price on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods decreased their target price on 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, Wells Fargo & Company upped their price target on Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $91.77.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the executive vice president directly owned 51,170 shares of the company's stock, valued at approximately $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.92% of the company's stock.

Unum Group Stock Performance

Shares of UNM stock traded down $0.50 on Thursday, reaching $80.24. The stock had a trading volume of 358,835 shares, compared to its average volume of 1,377,196. The stock has a market cap of $13.99 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 1.26 and a beta of 0.41. Unum Group has a 1 year low of $51.80 and a 1 year high of $84.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The company has a 50 day simple moving average of $80.35 and a 200 day simple moving average of $78.30.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results 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 return on equity of 14.17% and a net margin of 12.31%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the business posted $2.12 earnings per share. Unum Group's revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 25th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, July 25th. This is a boost from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.29%. Unum Group's dividend payout ratio (DPR) is currently 19.79%.

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.