3,099 Shares in Unum Group (NYSE:UNM) Acquired by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC purchased a new stake in shares of Unum Group (NYSE:UNM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,099 shares of the financial services provider's stock, valued at approximately $252,000.

Several other hedge funds have also recently made changes to their positions in UNM. Tounjian Advisory Partners LLC purchased a new position in Unum Group during the 1st quarter valued at $897,000. Pallas Capital Advisors LLC boosted its stake in shares of Unum Group by 14.8% during the 1st quarter. Pallas Capital Advisors LLC now owns 5,151 shares of the financial services provider's stock valued at $420,000 after purchasing an additional 666 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Unum Group by 33.0% during the first quarter. Farther Finance Advisors LLC now owns 3,455 shares of the financial services provider's stock valued at $283,000 after buying an additional 858 shares during the period. First Citizens Bank & Trust Co. increased its position in shares of Unum Group by 14.5% during the first quarter. First Citizens Bank & Trust Co. now owns 6,716 shares of the financial services provider's stock valued at $547,000 after buying an additional 848 shares during the period. Finally, Park Avenue Securities LLC raised its stake in Unum Group by 2.7% in the first quarter. Park Avenue Securities LLC now owns 12,812 shares of the financial services provider's stock worth $1,044,000 after buying an additional 334 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's 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 completion of the sale, the executive vice president now directly owns 51,170 shares in the company, valued at approximately $4,093,600. The trade was a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.92% of the stock is owned by corporate insiders.

Unum Group Stock Up 0.8%

Shares of NYSE UNM traded up $0.62 during midday trading on Thursday, hitting $79.28. The stock had a trading volume of 1,294,601 shares, compared to its average volume of 1,318,914. The business's 50 day moving average is $78.68 and its 200-day moving average is $77.05. Unum Group has a 52 week low of $48.38 and a 52 week high of $84.48. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The company has a market cap of $13.82 billion, a P/E ratio of 8.37, a PEG ratio of 1.14 and a beta of 0.43.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.15). The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The business's revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $2.12 earnings per share. As a group, analysts predict that Unum Group will post 9.14 EPS for the current year.

Unum Group announced that its board has approved a share repurchase plan on Tuesday, February 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 7.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board believes its shares are undervalued.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 25th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.12%. Unum Group's dividend payout ratio (DPR) is presently 19.79%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UNM. BMO Capital Markets increased their target price on Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Wells Fargo & Company raised their price objective on Unum Group from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. UBS Group set a $89.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Piper Sandler increased their price target on shares of Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Unum Group from $81.00 to $87.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Five investment 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 company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.