Wedge Capital Management L L P NC increased its stake in shares of Unum Group (NYSE:UNM - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 866,481 shares of the financial services provider's stock after acquiring an additional 122,944 shares during the period. Wedge Capital Management L L P NC owned about 0.44% of Unum Group worth $39,182,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MBM Wealth Consultants LLC raised its holdings in shares of Unum Group by 3.9% in the 3rd quarter. MBM Wealth Consultants LLC now owns 5,938 shares of the financial services provider's stock valued at $297,000 after buying an additional 223 shares during the period. Caprock Group LLC raised its holdings in shares of Unum Group by 3.0% in the 4th quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider's stock valued at $362,000 after buying an additional 230 shares during the period. United Services Automobile Association raised its holdings in shares of Unum Group by 1.9% in the 3rd quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider's stock valued at $616,000 after buying an additional 239 shares during the period. Private Trust Co. NA raised its holdings in shares of Unum Group by 12.0% in the 4th quarter. Private Trust Co. NA now owns 2,385 shares of the financial services provider's stock valued at $108,000 after buying an additional 255 shares during the period. Finally, Savant Capital LLC raised its holdings in shares of Unum Group by 3.5% in the 3rd quarter. Savant Capital LLC now owns 7,927 shares of the financial services provider's stock valued at $390,000 after buying an additional 266 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.
Unum Group Stock Performance
Shares of NYSE UNM traded up $0.43 during trading hours on Monday, reaching $51.79. The stock had a trading volume of 898,763 shares, compared to its average volume of 1,418,689. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.03 and a beta of 0.87. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.36. Unum Group has a fifty-two week low of $40.04 and a fifty-two week high of $54.57. The firm has a 50-day moving average of $51.03 and a 200-day moving average of $47.59.
Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $3.14 billion. During the same period last year, the company earned $1.43 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts predict that Unum Group will post 8.18 earnings per share for the current year.
Unum Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.82%. The ex-dividend date is Thursday, April 25th. Unum Group's payout ratio is currently 22.50%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on UNM shares. JPMorgan Chase & Co. upped their price target on Unum Group from $56.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Morgan Stanley increased their price objective on Unum Group from $50.00 to $52.00 and gave the company an "equal weight" rating in a report on Monday, April 15th. Wells Fargo & Company increased their price objective on Unum Group from $64.00 to $66.00 and gave the company an "overweight" rating in a report on Thursday, April 11th. StockNews.com upgraded Unum Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 31st. Finally, The Goldman Sachs Group increased their price objective on Unum Group from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and a consensus price target of $56.38.
Read Our Latest Analysis on UNM
Insider Activity at Unum Group
In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 55,450 shares of the company's stock, valued at approximately $2,772,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 55,450 shares of the company's stock, valued at approximately $2,772,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,076,753 shares of the company's stock, valued at $52,922,409.95. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock valued at $4,018,100 in the last ninety days. Corporate insiders own 0.93% of the company's stock.
About Unum Group
(
Free Report)
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.
Further Reading
Before you consider Unum Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unum Group wasn't on the list.
While Unum Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
