Flossbach Von Storch SE Takes Position in Unum Group (NYSE:UNM)

Flossbach Von Storch SE acquired a new stake in Unum Group (NYSE:UNM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,325 shares of the financial services provider's stock, valued at approximately $434,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC purchased a new position in Unum Group during the fourth quarter valued at $247,000. Jones Financial Companies Lllp lifted its stake in Unum Group by 124.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,258 shares of the financial services provider's stock valued at $165,000 after acquiring an additional 1,252 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Unum Group in the 4th quarter valued at $11,456,000. Raymond James Financial Inc. acquired a new position in Unum Group during the fourth quarter worth $19,617,000. Finally, Callan Family Office LLC purchased a new stake in shares of Unum Group in the fourth quarter valued at about $300,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Unum Group Stock Performance

NYSE UNM traded down $0.47 during trading hours on Friday, hitting $80.00. The company had a trading volume of 1,032,667 shares, compared to its average volume of 1,331,418. Unum Group has a fifty-two week low of $51.25 and a fifty-two week high of $84.48. The firm has a market cap of $13.95 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 1.24 and a beta of 0.41. The business has a fifty day simple moving average of $80.29 and a 200-day simple moving average of $77.85. 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 released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the business earned $2.12 EPS. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, July 25th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.30%. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date is Friday, July 25th. Unum Group's dividend payout ratio is 19.79%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price 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. Morgan Stanley raised their target price on shares of Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Piper Sandler raised their target price on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Wells Fargo & Company lifted 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. Finally, JPMorgan Chase & Co. raised their target price on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $90.00.

Insiders Place Their Bets

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 transaction of $800,000.00. Following the transaction, the executive vice president owned 51,170 shares of the company's stock, 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 SEC, which is available through this link. 0.92% of the stock is owned by company insiders.

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.