NewSquare Capital LLC Has $8.55 Million Stock Holdings in Unum Group (NYSE:UNM)

NewSquare Capital LLC lessened its stake in shares of Unum Group (NYSE:UNM - Free Report) by 42.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,015 shares of the financial services provider's stock after selling 79,836 shares during the period. NewSquare Capital LLC owned about 0.06% of Unum Group worth $8,546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNM. Brighton Jones LLC acquired a new position in shares of Unum Group in the 4th quarter valued at about $247,000. Stratos Wealth Partners LTD. acquired a new position in shares of Unum Group in the 4th quarter valued at about $216,000. Robertson Stephens Wealth Management LLC acquired a new position in shares of Unum Group in the 4th quarter valued at about $233,000. Bleakley Financial Group LLC increased its holdings in shares of Unum Group by 3.5% in the 4th quarter. Bleakley Financial Group LLC now owns 7,044 shares of the financial services provider's stock valued at $514,000 after purchasing an additional 235 shares during the period. Finally, Vest Financial LLC increased its holdings in shares of Unum Group by 30.4% in the 4th quarter. Vest Financial LLC now owns 34,103 shares of the financial services provider's stock valued at $2,491,000 after purchasing an additional 7,944 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm's 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 sale, the executive vice president now directly owns 51,170 shares in the company, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.92% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Wells Fargo & Company upped their target price on Unum Group from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Barclays increased their price objective on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Piper Sandler increased their price objective on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Finally, BMO Capital Markets increased their price objective on Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a report on Monday, March 3rd. 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $88.29.

Unum Group Price Performance

Shares of NYSE UNM traded up $0.62 during midday trading on Thursday, reaching $79.28. 1,294,601 shares of the company traded hands, compared to its average volume of 1,318,914. The firm has a market cap of $13.82 billion, a PE ratio of 8.37, a PEG ratio of 1.14 and a beta of 0.43. The stock's 50-day simple moving average is $78.68 and its 200-day simple moving average is $77.05. Unum Group has a 12 month low of $48.38 and a 12 month high of $84.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $3.09 billion for 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 firm's revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.12 earnings per share. As a group, equities analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

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

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.12%. Unum Group's payout ratio is presently 19.79%.

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.