6,803 Shares in Unum Group (NYSE:UNM) Bought by Seven Eight Capital LP

Seven Eight Capital LP purchased a new position in Unum Group (NYSE:UNM) in the first quarter, Holdings Channel.com reports. The firm purchased 6,803 shares of the financial services provider’s stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Unum Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,590,655 shares of the financial services provider’s stock worth $931,109,000 after purchasing an additional 300,840 shares in the last quarter. Norges Bank bought a new position in Unum Group in the 4th quarter worth approximately $590,489,000. Donald Smith & CO. Inc. grew its holdings in Unum Group by 4.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,687,182 shares of the financial services provider’s stock valued at $166,734,000 after buying an additional 163,682 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Unum Group by 51.7% during the first quarter. Nordea Investment Management AB now owns 2,961,539 shares of the financial services provider’s stock valued at $158,590,000 after buying an additional 1,008,776 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Unum Group by 2.6% in the fourth quarter. LSV Asset Management now owns 2,930,577 shares of the financial services provider’s stock worth $132,521,000 after buying an additional 73,700 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Timothy F. Keaney sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total transaction of $420,880.00. Following the completion of the sale, the director now directly owns 37,505 shares of the company’s stock, valued at approximately $1,973,138.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Christopher W. Pyne sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total value of $236,115.00. Following the transaction, the executive vice president now owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy F. Keaney sold 8,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total transaction of $420,880.00. Following the completion of the sale, the director now directly owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

UNM has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Unum Group from $58.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, July 2nd. Citigroup lifted their target price on Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley boosted 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. Truist Financial upped their price objective on Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Piper Sandler initiated coverage on shares of Unum Group in a report on Thursday, July 11th. They issued an “overweight” rating and a $57.00 target price for the company. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $60.44.

Unum Group Trading Down 0.7 %

UNM traded down $0.37 during trading on Wednesday, reaching $53.58. The company had a trading volume of 1,000,941 shares, compared to its average volume of 1,261,305. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The business has a 50 day simple moving average of $51.68 and a 200-day simple moving average of $50.59. The stock has a market cap of $10.15 billion, a P/E ratio of 7.96, a PEG ratio of 1.07 and a beta of 0.81. Unum Group has a 52 week low of $41.75 and a 52 week high of $54.66.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business earned $1.87 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Unum Group will post 8.25 EPS for the current fiscal year.

Unum Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, July 26th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, July 26th. This is a positive change from Unum Group’s previous quarterly dividend of $0.37. Unum Group’s payout ratio is 21.69%.

Unum Group Company 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.