Kingsman Wealth Management Inc. Takes $582,000 Position in Unum Group (NYSE:UNM)

Kingsman Wealth Management Inc. purchased a new position in shares of Unum Group (NYSE:UNM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,150 shares of the financial services provider's stock, valued at approximately $582,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in Unum Group during the 1st quarter valued at approximately $46,000. Wayfinding Financial LLC acquired a new stake in Unum Group during the 1st quarter valued at approximately $49,000. Millstone Evans Group LLC acquired a new stake in Unum Group during the 4th quarter valued at approximately $45,000. Cullen Frost Bankers Inc. grew its stake in Unum Group by 1,289.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 748 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Unum Group by 60.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,282 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 482 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the sale, the executive vice president directly owned 51,170 shares in the company, valued at $4,093,600. This represents a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.93% of the company's stock.

Unum Group Stock Up 0.2%

Shares of NYSE:UNM traded up $0.17 on Wednesday, reaching $80.65. The company had a trading volume of 968,439 shares, compared to its average volume of 1,325,563. Unum Group has a twelve month low of $51.80 and a twelve month high of $84.48. The stock has a 50-day moving average price of $80.34 and a 200 day moving average price of $78.28. The stock has a market capitalization of $14.06 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.25 and a beta of 0.41. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM - Get Free Report) last posted 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). Unum Group had a return on equity of 14.17% and a net margin of 12.31%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the firm posted $2.12 EPS. Unum Group's revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 25th will be paid a $0.46 dividend. This is a positive change from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, July 25th. Unum Group's dividend payout ratio is currently 19.79%.

Wall Street Analyst Weigh In

UNM has been the topic of several recent research reports. UBS Group set a $89.00 price target on Unum Group and gave the stock a "neutral" rating in a report on Friday, May 23rd. Morgan Stanley raised their price target on Unum Group from $83.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Keefe, Bruyette & Woods cut their target price on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler lifted their target price on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, July 3rd. Finally, Wells Fargo & Company lifted their target price on Unum Group from $97.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Unum Group presently 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.