LifeWealth Investments LLC Makes New $315,000 Investment in Unum Group (NYSE:UNM)

LifeWealth Investments LLC purchased a new position in Unum Group (NYSE:UNM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,861 shares of the financial services provider's stock, valued at approximately $315,000.

A number of other hedge funds have also modified their holdings of UNM. Brighton Jones LLC bought a new stake in Unum Group in the 4th quarter valued at $247,000. Asset Management One Co. Ltd. bought a new stake in shares of Unum Group in the fourth quarter worth about $672,000. Principal Securities Inc. increased its holdings in shares of Unum Group by 27.7% in the fourth quarter. Principal Securities Inc. now owns 1,553 shares of the financial services provider's stock worth $113,000 after purchasing an additional 337 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Unum Group by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 5,838 shares of the financial services provider's stock worth $426,000 after buying an additional 287 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in Unum Group by 0.7% during the fourth quarter. Truist Financial Corp now owns 351,465 shares of the financial services provider's stock valued at $25,667,000 after buying an additional 2,492 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is currently owned by insiders.

Unum Group Stock Up 0.6%

Shares of NYSE UNM opened at $78.31 on Thursday. Unum Group has a 1 year low of $49.16 and a 1 year high of $84.48. The firm has a 50-day simple moving average of $79.22 and a two-hundred day simple moving average of $77.11. The company has a market cap of $13.65 billion, a P/E ratio of 9.22, a PEG ratio of 1.22 and a beta of 0.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.12 earnings per share. Research analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, April 25th. Unum Group's payout ratio is presently 19.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Raymond James Financial raised Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective on the stock in a report on Wednesday, March 5th. Keefe, Bruyette & Woods lowered their price objective on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Barclays lifted their price objective on shares of Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Piper Sandler upped their target price on shares of Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.29.

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.

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