52,164 Shares in Unum Group (NYSE:UNM) Bought by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new stake in Unum Group (NYSE:UNM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 52,164 shares of the financial services provider's stock, valued at approximately $3,810,000.

A number of other hedge funds also recently made changes to their positions in the business. NorthRock Partners LLC lifted its position in shares of Unum Group by 38.3% in the fourth quarter. NorthRock Partners LLC now owns 7,284 shares of the financial services provider's stock valued at $532,000 after buying an additional 2,018 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Unum Group by 2.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,221,569 shares of the financial services provider's stock valued at $89,211,000 after buying an additional 24,461 shares during the last quarter. Mubadala Investment Co PJSC acquired a new stake in shares of Unum Group in the fourth quarter valued at approximately $2,463,000. NDVR Inc. lifted its position in shares of Unum Group by 4.9% in the fourth quarter. NDVR Inc. now owns 4,548 shares of the financial services provider's stock valued at $332,000 after buying an additional 213 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Unum Group by 22.2% in the fourth quarter. Millennium Management LLC now owns 1,149,870 shares of the financial services provider's stock valued at $83,975,000 after buying an additional 208,831 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Lisa G. Iglesias sold 7,000 shares of Unum Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value of $579,250.00. Following the transaction, the executive vice president now owns 31,284 shares in the company, valued at approximately $2,588,751. This trade represents a 18.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group 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 completion of the transaction, the executive vice president now owns 51,170 shares in the company, valued at approximately $4,093,600. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,000 shares of company stock worth $5,478,750. Insiders own 0.92% of the company's stock.

Unum Group Price Performance

NYSE UNM traded up $1.30 during midday trading on Friday, hitting $82.07. The company had a trading volume of 1,308,830 shares, compared to its average volume of 1,316,635. The company has a market capitalization of $14.31 billion, a PE ratio of 8.67, a P/E/G ratio of 1.14 and a beta of 0.38. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $78.56 and a 200-day moving average price of $75.86. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Unum Group's revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 earnings per share. As a group, analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders 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 annualized dividend and a yield of 2.05%. Unum Group's dividend payout ratio is presently 19.79%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UNM shares. Morgan Stanley lifted their price target on Unum Group from $80.00 to $84.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. lifted their price target on Unum Group from $81.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Barclays lifted their price target on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Raymond James raised Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price target for the company in a report on Wednesday, March 5th. Finally, Piper Sandler lifted their price target on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Five equities research 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $88.50.

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.