Unum Group (NYSE:UNM) Holdings Raised by Convergence Investment Partners LLC

Convergence Investment Partners LLC raised its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 31.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,257 shares of the financial services provider's stock after acquiring an additional 5,520 shares during the quarter. Convergence Investment Partners LLC's holdings in Unum Group were worth $1,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of UNM. Stratos Wealth Partners LTD. lifted its stake in shares of Unum Group by 28.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 3,802 shares of the financial services provider's stock valued at $310,000 after buying an additional 838 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Unum Group in the 4th quarter worth about $240,000. Asset Management One Co. Ltd. increased its holdings in shares of Unum Group by 88.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock worth $1,409,000 after buying an additional 8,120 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Unum Group by 202.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider's stock worth $77,512,000 after buying an additional 632,358 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Unum Group in the 4th quarter worth about $105,199,000. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UNM shares. UBS Group set a $89.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a research report on Friday, May 23rd. Barclays set a $96.00 price target on shares of Unum Group and gave the company an "overweight" rating in a research note on Monday, July 7th. Keefe, Bruyette & Woods cut their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, Piper Sandler increased 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. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.77.

Insider Activity at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total value 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. The trade was 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. 0.92% of the stock is owned by insiders.

Unum Group Stock Up 0.9%

Shares of UNM stock traded up $0.73 during trading on Friday, reaching $80.74. The company's stock had a trading volume of 947,729 shares, compared to its average volume of 1,136,950. Unum Group has a 1-year low of $51.80 and a 1-year high of $84.48. The stock's 50-day moving average price is $80.31 and its 200 day moving average price is $78.40. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 9.51, a P/E/G ratio of 1.26 and a beta of 0.41.

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 firm had revenue of $3.09 billion during 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 was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.12 EPS. On average, research analysts anticipate that Unum Group will post 9.14 EPS 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 $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.28%. This is a boost from Unum Group's previous quarterly dividend of $0.42. The ex-dividend date is Friday, July 25th. Unum Group's payout ratio is presently 19.79%.

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.