IFG Advisory LLC Acquires 20,475 Shares of Unum Group (NYSE:UNM)

IFG Advisory LLC grew its stake in shares of Unum Group (NYSE:UNM - Free Report) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 114,443 shares of the financial services provider's stock after acquiring an additional 20,475 shares during the period. IFG Advisory LLC owned about 0.06% of Unum Group worth $5,175,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Resurgent Financial Advisors LLC acquired a new position in Unum Group in the 2nd quarter worth $25,000. Silver Oak Securities Incorporated acquired a new stake in Unum Group during the third quarter valued at approximately $25,000. Contravisory Investment Management Inc. acquired a new stake in Unum Group during the fourth quarter valued at approximately $25,000. Huntington National Bank boosted its stake in Unum Group by 1,076.4% in the 2nd quarter. Huntington National Bank now owns 647 shares of the financial services provider's stock worth $31,000 after purchasing an additional 592 shares during the period. Finally, Bangor Savings Bank boosted its stake in Unum Group by 100.0% in the 3rd quarter. Bangor Savings Bank now owns 664 shares of the financial services provider's stock worth $33,000 after purchasing an additional 332 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Steven Andrew Zabel sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the completion of the transaction, the chief financial officer now owns 122,246 shares in the company, valued at $6,241,880.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total transaction of $510,600.00. Following the sale, the chief financial officer now directly owns 122,246 shares of the company's stock, valued at $6,241,880.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now directly owns 55,450 shares in the company, valued at $2,772,500. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock worth $4,018,100 over the last quarter. 0.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

UNM has been the topic of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of Unum Group from a "neutral" rating to an "overweight" rating and set a $55.00 price target on the stock in a report on Wednesday, January 3rd. Wells Fargo & Company lifted their target price on shares of Unum Group from $61.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, February 1st. The Goldman Sachs Group lifted their target price on shares of Unum Group from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, January 31st. Finally, StockNews.com upgraded shares of Unum Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and a consensus target price of $55.88.

Unum Group Trading Down 0.1 %

NYSE:UNM traded down $0.04 during trading hours on Thursday, hitting $53.66. The stock had a trading volume of 1,235,367 shares, compared to its average volume of 1,486,249. Unum Group has a one year low of $38.34 and a one year high of $53.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 0.78 and a beta of 0.86. The business's 50 day moving average is $49.51 and its 200-day moving average is $47.28.

Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.07). Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts anticipate that Unum Group will post 8.18 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, January 26th were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, January 25th. Unum Group's dividend payout ratio (DPR) is presently 22.50%.

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.