Unum Group (NYSE:UNM) Stock Holdings Increased by Foster & Motley Inc.

Foster & Motley Inc. boosted its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,945 shares of the financial services provider's stock after acquiring an additional 4,351 shares during the quarter. Foster & Motley Inc. owned about 0.07% of Unum Group worth $9,771,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. purchased a new position in Unum Group during the 4th quarter valued at about $113,962,000. Zurich Insurance Group Ltd FI acquired a new position in Unum Group during the 4th quarter worth $105,199,000. Freestone Grove Partners LP acquired a new position in Unum Group during the 4th quarter worth $65,096,000. Alyeska Investment Group L.P. acquired a new position in Unum Group during the 4th quarter worth $59,561,000. Finally, Assenagon Asset Management S.A. grew its stake in Unum Group by 228.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,033,700 shares of the financial services provider's stock worth $84,205,000 after purchasing an additional 719,152 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Insiders Place Their Bets

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group 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 owned 51,170 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.92% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on UNM. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a research note on Monday, July 7th. Piper Sandler boosted their target price on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. boosted their target price on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Wells Fargo & Company set a $100.00 price target on Unum Group and gave the stock an "overweight" rating in a report on Wednesday. Finally, UBS Group set a $87.00 price target on Unum Group and gave the stock a "neutral" rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Unum Group presently has an average rating of "Moderate Buy" and an average target price of $91.62.

Unum Group Trading Down 2.9%

Shares of UNM stock traded down $2.11 during mid-day trading on Friday, hitting $69.70. 2,986,743 shares of the company's stock were exchanged, compared to its average volume of 1,442,646. Unum Group has a fifty-two week low of $51.80 and a fifty-two week high of $84.48. The stock has a 50-day simple moving average of $79.91 and a two-hundred day simple moving average of $78.49. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock has a market cap of $12.15 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 1.18 and a beta of 0.41.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $2.07 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.16). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter in the previous year, the business posted $2.16 EPS. Unum Group's revenue was up 4.0% compared to the same quarter last year. Equities analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 25th will be issued a $0.46 dividend. The ex-dividend date is Friday, July 25th. This is an increase from Unum Group's previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 2.6%. Unum Group's payout ratio is 22.01%.

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.