Teza Capital Management LLC acquired a new stake in Unum Group (NYSE:UNM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 26,883 shares of the financial services provider's stock, valued at approximately $1,963,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barrett & Company Inc. grew its holdings in shares of Unum Group by 300.0% during the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Unum Group during the fourth quarter worth about $38,000. Millstone Evans Group LLC acquired a new stake in Unum Group during the fourth quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock worth $58,000 after buying an additional 179 shares in the last quarter. Finally, Duncker Streett & Co. Inc. bought a new position in Unum Group in the 4th quarter valued at about $58,000. 86.57% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on UNM shares. Piper Sandler upped their price target on shares of Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Barclays upped their target price on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Morgan Stanley lifted their price target on Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on Unum Group from $81.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wall Street Zen lowered Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and an average target price of $88.43.
Check Out Our Latest Analysis on Unum Group
Unum Group Trading Up 0.2%
Unum Group stock traded up $0.18 during trading hours on Friday, hitting $79.81. The stock had a trading volume of 243,660 shares, compared to its average volume of 1,313,449. The business's 50 day simple moving average is $78.74 and its 200-day simple moving average is $76.17. Unum Group has a one year low of $48.38 and a one year high of $84.48. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 1.14 and a beta of 0.38. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32.
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). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the company earned $2.12 EPS. The business's quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.
Unum Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, April 25th. Unum Group's payout ratio is currently 19.79%.
Unum Group announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Insider Transactions at Unum Group
In related news, EVP Lisa G. Iglesias sold 7,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value of $579,250.00. Following the completion of the sale, the executive vice president now directly owns 31,284 shares in the company, valued at $2,588,751. This represents a 18.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,000 shares of company stock worth $5,478,750. Company insiders own 0.92% of the company's stock.
Unum Group Company Profile
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Free Report)
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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