Nilsine Partners LLC Purchases Shares of 15,396 Unum Group (NYSE:UNM)

Nilsine Partners LLC purchased a new stake in Unum Group (NYSE:UNM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,396 shares of the financial services provider's stock, valued at approximately $1,254,000.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in Unum Group by 4.0% in the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock valued at $290,000 after buying an additional 136 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Unum Group by 2.2% in the 4th quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider's stock worth $478,000 after purchasing an additional 143 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Unum Group by 0.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider's stock worth $1,330,000 after purchasing an additional 147 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Unum Group by 1.4% during the fourth quarter. QRG Capital Management Inc. now owns 13,336 shares of the financial services provider's stock worth $974,000 after acquiring an additional 189 shares in the last quarter. Finally, Belpointe Asset Management LLC lifted its holdings in Unum Group by 2.1% during the fourth quarter. Belpointe Asset Management LLC now owns 9,151 shares of the financial services provider's stock worth $668,000 after acquiring an additional 189 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Unum Group Stock Up 1.0%

Shares of UNM opened at $79.20 on Friday. Unum Group has a one year low of $49.63 and a one year high of $84.48. The company has a market cap of $13.81 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.24 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. The firm has a 50 day simple moving average of $79.38 and a two-hundred day simple moving average of $77.16.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.15). The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.12 earnings per share. Research analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

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 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%.

Analyst Ratings Changes

Several research analysts have weighed in on UNM shares. Keefe, Bruyette & Woods reduced their target price on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their target price on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Piper Sandler lifted their price target on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. UBS Group set a $89.00 price target on Unum Group and gave the stock a "neutral" rating in a report on Friday, May 23rd. Finally, Morgan Stanley boosted their price objective on Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.29.

Insider Activity at Unum Group

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

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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