Elyxium Wealth LLC Purchases New Stake in Unum Group (NYSE:UNM)

Elyxium Wealth LLC purchased a new stake in Unum Group (NYSE:UNM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,305 shares of the financial services provider's stock, valued at approximately $269,000.

Other hedge funds have also recently bought and sold shares of the company. Rossby Financial LCC purchased a new position in Unum Group in the first quarter valued at approximately $46,000. Wayfinding Financial LLC purchased a new position in Unum Group in the first quarter valued at approximately $49,000. Millstone Evans Group LLC acquired a new stake in Unum Group in the fourth quarter valued at approximately $45,000. Cullen Frost Bankers Inc. grew its position in Unum Group by 1,289.7% in the first quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 748 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Unum Group by 60.3% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,282 shares of the financial services provider's stock valued at $104,000 after acquiring an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the transaction, the executive vice president 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 legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.93% of the company's stock.

Unum Group Stock Performance

Unum Group stock opened at $81.09 on Monday. The company has a market cap of $14.14 billion, a PE ratio of 9.55, a P/E/G ratio of 1.27 and a beta of 0.41. The company has a fifty day moving average price of $80.36 and a two-hundred day moving average price of $78.22. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a 12 month low of $51.80 and a 12 month high of $84.48.

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

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 25th will be issued a dividend of $0.46 per share. This is an increase from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date is Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.27%. Unum Group's payout ratio is 19.79%.

Analyst Ratings Changes

UNM has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price objective 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. UBS Group set a $89.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a research report on Friday, May 23rd. Wells Fargo & Company increased their price objective on shares of Unum Group from $97.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Barclays set a $96.00 price objective on shares of Unum Group and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Five 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, Unum Group currently has a consensus rating of "Moderate Buy" and an average price target of $90.14.

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.

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