20,216 Shares in Unum Group (NYSE:UNM) Bought by New Century Financial Group LLC

New Century Financial Group LLC bought a new stake in Unum Group (NYSE:UNM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,216 shares of the financial services provider's stock, valued at approximately $914,000.

Several other hedge funds have also modified their holdings of UNM. Silver Oak Securities Incorporated purchased a new stake in shares of Unum Group during the third quarter worth about $25,000. Contravisory Investment Management Inc. acquired a new position in Unum Group in the fourth quarter valued at approximately $25,000. Neo Ivy Capital Management bought a new position in shares of Unum Group during the third quarter valued at approximately $36,000. Daiwa Securities Group Inc. acquired a new stake in shares of Unum Group during the 4th quarter worth approximately $36,000. Finally, CVA Family Office LLC bought a new stake in shares of Unum Group in the 4th quarter worth approximately $49,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Price Performance

NYSE:UNM traded up $0.32 during mid-day trading on Friday, reaching $53.09. 863,236 shares of the stock were exchanged, compared to its average volume of 1,035,918. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average price of $52.12 and a 200 day moving average price of $47.96. Unum Group has a 1-year low of $41.75 and a 1-year high of $54.57. The firm has a market capitalization of $10.05 billion, a PE ratio of 7.89, a PEG ratio of 1.12 and a beta of 0.87.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $1.87 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts expect that Unum Group will post 8.22 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, April 26th were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Thursday, April 25th. Unum Group's dividend payout ratio is 21.69%.

Insider Transactions at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company'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 transaction, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the sale, the chief executive officer now owns 1,076,753 shares of the company's stock, valued at $52,922,409.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company'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 sale, the executive vice president now directly owns 55,450 shares of the company's stock, valued at approximately $2,772,500. The disclosure for this sale can be found here. Insiders sold a total of 93,500 shares of company stock valued at $4,675,095 over the last quarter. Company insiders own 0.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UNM. Morgan Stanley increased their target price on Unum Group from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Monday, April 15th. The Goldman Sachs Group upped their target price on shares of Unum Group from $47.00 to $52.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 31st. StockNews.com raised Unum Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 31st. Truist Financial raised their target price on Unum Group from $57.00 to $62.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company boosted their price target on Unum Group from $64.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.38.

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.