Flossbach Von Storch SE Buys Shares of 5,325 Unum Group (NYSE:UNM)

Flossbach Von Storch SE bought a new position in shares of Unum Group (NYSE:UNM - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,325 shares of the financial services provider's stock, valued at approximately $434,000.

Other large investors also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in shares of Unum Group in the 4th quarter worth approximately $45,000. Rossby Financial LCC bought a new stake in shares of Unum Group in the 1st quarter worth approximately $46,000. Wayfinding Financial LLC bought a new stake in Unum Group in the 1st quarter valued at about $49,000. Kapitalo Investimentos Ltda bought a new stake in Unum Group in the 4th quarter valued at about $102,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Unum Group by 60.3% in 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 during the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Up 1.5%

Shares of NYSE:UNM traded up $1.15 during midday trading on Thursday, reaching $80.42. 1,074,261 shares of the company were exchanged, compared to its average volume of 1,332,438. The stock has a fifty day simple moving average of $80.29 and a two-hundred day simple moving average of $77.85. 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 $14.02 billion, a PE ratio of 9.47, a P/E/G ratio of 1.24 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 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 company had revenue of $3.09 billion for 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%. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm earned $2.12 EPS. As a group, sell-side analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors 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 yield of 2.29%. Unum Group's dividend payout ratio (DPR) is 19.79%.

Insiders Place Their Bets

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group 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 transaction, the executive vice president owned 51,170 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. 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. JPMorgan Chase & Co. lifted their target price on Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday. 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. 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. Finally, Wells Fargo & Company boosted their price target on shares of Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $90.00.

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.