LSV Asset Management Increases Holdings in Unum Group (NYSE:UNM)

LSV Asset Management grew its position in shares of Unum Group (NYSE:UNM - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,930,577 shares of the financial services provider's stock after acquiring an additional 73,700 shares during the quarter. LSV Asset Management owned 1.50% of Unum Group worth $132,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in Unum Group by 79.8% during the fourth quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider's stock worth $88,616,000 after purchasing an additional 866,531 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Unum Group by 14.9% in the 3rd quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider's stock worth $10,963,000 after buying an additional 28,898 shares during the last quarter. Boone Capital Management LLC grew its holdings in shares of Unum Group by 1.2% in the third quarter. Boone Capital Management LLC now owns 867,565 shares of the financial services provider's stock valued at $42,676,000 after acquiring an additional 10,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Unum Group by 91.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 63,810 shares of the financial services provider's stock valued at $3,138,000 after acquiring an additional 30,555 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Unum Group by 154.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,915 shares of the financial services provider's stock worth $2,302,000 after acquiring an additional 30,908 shares during the period. Institutional investors own 86.57% of the company's stock.

Insiders Place Their Bets

In other 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 value of $510,600.00. Following the transaction, the chief financial officer now 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 SEC, which is available at 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 shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the executive vice president now directly owns 55,450 shares of the company's stock, valued at $2,772,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Andrew Zabel sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total transaction of $510,600.00. Following the completion of the transaction, the chief financial officer now directly owns 122,246 shares of the company's stock, valued at approximately $6,241,880.76. The disclosure for this sale can be found here. Insiders have sold 81,000 shares of company stock worth $4,018,100 in the last three months. 0.93% of the stock is currently owned by corporate insiders.

Unum Group Stock Performance

Unum Group stock traded down $0.07 during mid-day trading on Friday, reaching $51.62. The company's stock had a trading volume of 983,565 shares, compared to its average volume of 1,243,274. The company has a market capitalization of $9.78 billion, a P/E ratio of 7.67, a PEG ratio of 1.28 and a beta of 0.87. The firm's fifty day moving average price is $51.55 and its two-hundred day moving average price is $47.70. Unum Group has a 12-month low of $41.75 and a 12-month high of $54.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.27 and a current ratio of 0.28.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.97 by $0.15. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 EPS. Sell-side analysts predict that Unum Group will post 8.19 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group's dividend payout ratio (DPR) is presently 21.69%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley upped their price objective on Unum Group from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. Truist Financial lifted their price objective on shares of Unum Group from $57.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Unum Group from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. StockNews.com raised shares of 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $57.38.

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.