Harvest Fund Management Co. Ltd Has $2.05 Million Position in Unum Group (NYSE:UNM)

Harvest Fund Management Co. Ltd grew its stake in shares of Unum Group (NYSE:UNM - Free Report) by 101.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,517 shares of the financial services provider's stock after purchasing an additional 13,332 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Unum Group were worth $2,049,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC acquired a new position in shares of Unum Group during the 1st quarter worth approximately $35,000. Rossby Financial LCC acquired a new position in shares of Unum Group during the 1st quarter worth approximately $46,000. Wayfinding Financial LLC acquired a new position in shares of Unum Group during the 1st quarter worth approximately $49,000. Cullen Frost Bankers Inc. increased its holdings in shares of Unum Group by 1,289.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider's stock worth $66,000 after acquiring an additional 748 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Unum Group by 60.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,282 shares of the financial services provider's stock worth $104,000 after acquiring an additional 482 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Insider Buying and Selling at Unum Group

In related 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 completion of the sale, the executive vice president directly owned 51,170 shares in the company, valued at $4,093,600. This represents a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by corporate insiders.

Unum Group Price Performance

Shares of NYSE UNM traded down $2.11 during mid-day trading on Friday, reaching $69.70. The company had a trading volume of 2,986,743 shares, compared to its average volume of 1,442,645. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a one year low of $51.80 and a one year high of $84.48. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 1.18 and a beta of 0.41. The business's 50-day simple moving average is $79.91 and its 200 day simple moving average is $78.49.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.16). Unum Group had a return on equity of 13.44% and a net margin of 11.77%. The business had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company earned $2.16 earnings per share. Unum Group's quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal 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 given a dividend of $0.46 per share. The ex-dividend date is Friday, July 25th. This represents a $1.84 annualized dividend and a dividend yield of 2.6%. This is an increase from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio is currently 22.01%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UNM shares. Piper Sandler boosted their target price on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Morgan Stanley boosted their target price on Unum Group from $83.00 to $85.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Wells Fargo & Company set a $100.00 price target on Unum Group and gave the company an "overweight" rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $95.00 price target (down from $100.00) on shares of Unum Group in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $91.62.

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.