29,975 Shares in Unum Group (NYSE:UNM) Acquired by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. purchased a new position in shares of Unum Group (NYSE:UNM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,975 shares of the financial services provider's stock, valued at approximately $2,189,000. Unum Group comprises approximately 2.0% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its stake in Unum Group by 44.1% during the 4th quarter. Blue Trust Inc. now owns 16,495 shares of the financial services provider's stock worth $1,205,000 after buying an additional 5,047 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Unum Group during the 4th quarter worth $8,816,000. Charles Schwab Investment Management Inc. increased its position in shares of Unum Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock valued at $405,481,000 after buying an additional 51,744 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in shares of Unum Group in the fourth quarter valued at approximately $105,199,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Unum Group in the fourth quarter valued at approximately $341,000. 86.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UNM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group set a $89.00 price objective on Unum Group and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Raymond James upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective for the company in a research note on Wednesday, March 5th. Morgan Stanley upped their price target on Unum Group from $76.00 to $83.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company increased their price objective on Unum Group from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Unum Group presently has an average rating of "Moderate Buy" and a consensus price target of $88.29.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the executive vice president now owns 51,170 shares in the company, valued at approximately $4,093,600. This represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lisa G. Iglesias sold 7,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $82.75, for a total transaction of $579,250.00. Following the sale, the executive vice president now owns 31,284 shares in the company, valued at approximately $2,588,751. This trade represents a 18.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 67,000 shares of company stock valued at $5,478,750 in the last ninety days. Company insiders own 0.93% of the company's stock.

Unum Group Stock Performance

Shares of UNM stock traded up $0.75 during mid-day trading on Thursday, hitting $81.34. 793,265 shares of the stock were exchanged, compared to its average volume of 1,316,463. 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 has a 12-month low of $48.38 and a 12-month high of $84.48. The stock's fifty day simple moving average is $78.68 and its two-hundred day simple moving average is $76.50. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 1.14 and a beta of 0.38.

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 analysts' consensus estimates 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 quarter in the previous year, the business earned $2.12 EPS. Unum Group's revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts forecast that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.07%. Unum Group's dividend payout ratio is presently 19.79%.

Unum Group announced that its board has authorized a stock repurchase program on Tuesday, February 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy up to 7.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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.