Tounjian Advisory Partners LLC Takes Position in Unum Group (NYSE:UNM)

Tounjian Advisory Partners LLC purchased a new stake in Unum Group (NYSE:UNM - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,018 shares of the financial services provider's stock, valued at approximately $897,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in Unum Group in the 4th quarter valued at about $38,000. Millstone Evans Group LLC acquired a new stake in Unum Group in the 4th quarter valued at about $45,000. Duncker Streett & Co. Inc. purchased a new stake in Unum Group during the fourth quarter valued at about $58,000. V Square Quantitative Management LLC lifted its stake in Unum Group by 36.5% during the fourth quarter. V Square Quantitative Management LLC now owns 958 shares of the financial services provider's stock valued at $70,000 after buying an additional 256 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Unum Group by 30.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,206 shares of the financial services provider's stock valued at $88,000 after buying an additional 278 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Piper Sandler upped their price objective on shares of Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. UBS Group set a $89.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a research note on Friday, May 23rd. Wells Fargo & Company upped their price objective on shares of Unum Group from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Barclays upped their price objective on shares of Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.29.

Unum Group Stock Down 1.5%

NYSE:UNM traded down $1.21 during mid-day trading on Friday, reaching $78.04. The stock had a trading volume of 1,152,715 shares, compared to its average volume of 1,320,944. The business's 50 day moving average is $79.00 and its 200 day moving average is $77.09. Unum Group has a fifty-two week low of $48.38 and a fifty-two week high of $84.48. The stock has a market cap of $13.61 billion, a P/E ratio of 8.24, a PEG ratio of 1.14 and a beta of 0.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28.

Unum Group (NYSE:UNM - Get Free Report) last released 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 return on equity of 14.91% and a net margin of 13.81%. 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 prior year, the company posted $2.12 EPS. The company's quarterly revenue was down 3.4% on a year-over-year basis. As a group, sell-side analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

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

Unum Group announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the sale, 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 corporate insiders.

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.