14,055 Shares in Unum Group (NYSE:UNM) Purchased by First Hawaiian Bank

First Hawaiian Bank acquired 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 acquired 14,055 shares of the financial services provider's stock, valued at approximately $1,145,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UNM. Barrett & Company Inc. increased its holdings in shares of Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 297 shares during the period. Kestra Investment Management LLC acquired a new stake in Unum Group during the 4th quarter worth $38,000. Millstone Evans Group LLC purchased a new position in Unum Group during the 4th quarter worth $45,000. Duncker Streett & Co. Inc. acquired a new position in Unum Group in the fourth quarter valued at $58,000. Finally, V Square Quantitative Management LLC raised its holdings in shares of Unum Group by 36.5% in the fourth 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 last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Unum Group Price Performance

UNM traded up $0.19 during trading on Monday, reaching $81.90. 878,107 shares of the stock were exchanged, compared to its average volume of 1,314,872. The business's 50 day moving average price is $78.61 and its two-hundred day moving average price is $76.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The company has a market capitalization of $14.28 billion, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.14 and a beta of 0.38. Unum Group has a 1 year low of $48.38 and a 1 year high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results 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 firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company posted $2.12 EPS. As a group, equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.05%. The ex-dividend date was Friday, April 25th. Unum Group's dividend payout ratio (DPR) is 19.79%.

Insider Buying and Selling at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company's stock in a transaction on 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 now directly owns 51,170 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on UNM shares. Piper Sandler increased their price objective on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Barclays lifted their target price on Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Morgan Stanley lifted their target price on Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. lifted their target price on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Raymond James upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 target price on the stock in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.29.

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.