MBM Wealth Consultants LLC Has $408,000 Stock Position in Unum Group (NYSE:UNM)

MBM Wealth Consultants LLC raised its holdings in Unum Group (NYSE:UNM) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,594 shares of the financial services provider’s stock after buying an additional 209 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Unum Group were worth $408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Unum Group in the 3rd quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Unum Group in the third quarter valued at $37,000. V Square Quantitative Management LLC raised its holdings in shares of Unum Group by 38.2% during the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 194 shares during the period. William B. Walkup & Associates Inc. bought a new position in shares of Unum Group during the 2nd quarter worth about $44,000. Finally, Quarry LP grew its stake in shares of Unum Group by 4,794.7% in the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider’s stock valued at $55,000 after buying an additional 911 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on UNM. Piper Sandler upped their price target on Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 target price (up previously from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Morgan Stanley increased their price target on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.45.

Unum Group Price Performance

Shares of NYSE UNM opened at $75.41 on Wednesday. Unum Group has a 1-year low of $46.16 and a 1-year high of $77.63. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $73.69 and a two-hundred day simple moving average of $63.14. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. Analysts anticipate that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.23%. Unum Group’s dividend payout ratio is currently 18.18%.

Insider Transactions at Unum Group

In other news, EVP Lisa G. Iglesias sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the completion of the transaction, the executive vice president now directly owns 35,840 shares in the company, valued at $2,602,342.40. The trade was a 12.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the executive vice president now owns 54,827 shares in the company, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 107,914 shares of company stock valued at $7,998,745 over the last three months. Company insiders own 0.93% of the company’s stock.

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.