Flossbach Von Storch SE Purchases New Shares in Unum Group (NYSE:UNM)

Flossbach Von Storch SE acquired a new stake in Unum Group (NYSE:UNM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,325 shares of the financial services provider's stock, valued at approximately $434,000.

Several other hedge funds also recently bought and sold shares of UNM. Millstone Evans Group LLC purchased a new stake in shares of Unum Group during the 4th quarter worth $45,000. Rossby Financial LCC bought a new stake in Unum Group during the first quarter valued at about $46,000. Wayfinding Financial LLC bought a new stake in Unum Group during the first quarter valued at about $49,000. Kapitalo Investimentos Ltda bought a new stake in Unum Group during the fourth quarter valued at about $102,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Unum Group by 60.3% during 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 purchasing an additional 482 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Up 1.2%

NYSE UNM traded up $0.94 during mid-day trading on Thursday, reaching $80.21. 320,921 shares of the company's stock traded hands, compared to its average volume of 1,400,113. Unum Group has a 1-year low of $51.24 and a 1-year high of $84.48. The company has a fifty day simple moving average of $80.23 and a 200-day simple moving average of $77.80. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 9.44, a P/E/G ratio of 1.27 and a beta of 0.41.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS 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 return on equity of 14.17% and a net margin of 12.31%. Unum Group's revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.12 EPS. As a group, equities research analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 25th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.29%. This is a boost from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio (DPR) is currently 19.79%.

Insiders Place Their Bets

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the 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 completion of the transaction, the executive vice president owned 51,170 shares in the company, valued at $4,093,600. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.92% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UNM shares. Morgan Stanley raised their price target on Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. UBS Group set a $89.00 price target on Unum Group and gave the company a "neutral" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price target on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research report on Tuesday. Piper Sandler raised their price objective on Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Finally, Keefe, Bruyette & Woods dropped their price objective on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.00.

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.