Unum Group (NYSE:UNM) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in Unum Group (NYSE:UNM - Free Report) by 88.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,302 shares of the financial services provider's stock after buying an additional 8,120 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Unum Group were worth $1,409,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Consolidated Planning Corp purchased a new position in shares of Unum Group in the first quarter valued at approximately $5,780,000. Flagship Harbor Advisors LLC boosted its stake in Unum Group by 7.8% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,213 shares of the financial services provider's stock worth $262,000 after purchasing an additional 233 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Unum Group by 3.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,243 shares of the financial services provider's stock worth $2,789,000 after purchasing an additional 1,173 shares during the last quarter. Nilsine Partners LLC purchased a new stake in shares of Unum Group during the first quarter worth $1,254,000. Finally, Petra Financial Advisors Inc. purchased a new stake in shares of Unum Group during the first quarter worth $265,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UNM. Raymond James Financial upgraded shares of Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price target on the stock in a research report on Wednesday, March 5th. Piper Sandler boosted their target price on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Wall Street Zen cut Unum Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Keefe, Bruyette & Woods lowered their price objective on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upped their target price on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.29.

Insider Transactions at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the completion of the transaction, the executive vice president now owns 51,170 shares in the company, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.92% of the company's stock.

Unum Group Price Performance

UNM stock opened at $80.47 on Monday. The business's fifty day moving average price is $79.71 and its 200 day moving average price is $77.37. Unum Group has a 12-month low of $49.63 and a 12-month high of $84.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $14.03 billion, a PE ratio of 9.48, a P/E/G ratio of 1.26 and a beta of 0.43.

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

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.09%. Unum Group's dividend payout ratio (DPR) is 19.79%.

Unum Group Company 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.

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