37,485 Shares in Unum Group (NYSE:UNM) Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. acquired a new position in Unum Group (NYSE:UNM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 37,485 shares of the financial services provider's stock, valued at approximately $3,054,000.

Several other institutional investors have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. raised its position in shares of Unum Group by 1,289.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 806 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 748 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Unum Group by 13.1% during the 1st quarter. Victory Capital Management Inc. now owns 1,654,489 shares of the financial services provider's stock valued at $134,775,000 after acquiring an additional 191,572 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Unum Group by 743,860.0% during the 1st quarter. Larson Financial Group LLC now owns 37,198 shares of the financial services provider's stock valued at $3,030,000 after acquiring an additional 37,193 shares during the last quarter. CWM LLC raised its position in shares of Unum Group by 1.4% during the 1st quarter. CWM LLC now owns 14,209 shares of the financial services provider's stock valued at $1,158,000 after acquiring an additional 199 shares during the last quarter. Finally, Kathmere Capital Management LLC bought a new stake in shares of Unum Group during the 1st quarter valued at $203,000. Institutional investors own 86.57% of the company's stock.

Insider Activity at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 51,170 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.92% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley upped their target price on shares of Unum Group from $83.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday. Wells Fargo & Company increased their price objective on shares of Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Five investment 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. According to data from MarketBeat.com, Unum Group presently has an average rating of "Moderate Buy" and an average price target of $90.14.

Unum Group Stock Performance

Unum Group stock traded up $0.61 during trading hours on Thursday, hitting $81.04. The company had a trading volume of 1,338,704 shares, compared to its average volume of 1,331,672. The firm has a market cap of $14.13 billion, a PE ratio of 9.55, a PEG ratio of 1.24 and a beta of 0.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a one year low of $51.80 and a one year high of $84.48. The firm has a 50-day moving average of $80.34 and a 200 day moving average of $78.04.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the company earned $2.12 earnings per share. The firm's revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 25th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, July 25th. This is a boost from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 2.27%. Unum Group's dividend payout ratio (DPR) is currently 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.