Founders Capital Management raised its holdings in shares of Unum Group (NYSE:UNM – Free Report) by 11.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,034 shares of the financial services provider’s stock after acquiring an additional 210 shares during the quarter. Founders Capital Management’s holdings in Unum Group were worth $97,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Ahrens Investment Partners LLC bought a new stake in shares of Unum Group in the first quarter valued at about $44,000. Machina Capital S.A.S. acquired a new stake in Unum Group during the 1st quarter valued at approximately $63,000. Allworth Financial LP increased its position in Unum Group by 197.6% during the 1st quarter. Allworth Financial LP now owns 1,860 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,235 shares during the period. Centaurus Financial Inc. bought a new position in shares of Unum Group during the 1st quarter worth approximately $100,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in shares of Unum Group during the 1st quarter worth approximately $103,000. 79.37% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on UNM shares. Truist Financial increased their target price on Unum Group from $54.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays raised their target price on Unum Group from $46.00 to $52.00 in a research report on Tuesday, July 11th. Jefferies Financial Group raised their target price on Unum Group from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company raised their target price on Unum Group from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Finally, StockNews.com assumed coverage on Unum Group in a research report on Thursday, August 17th. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.78.
Unum Group Price Performance
NYSE UNM traded down $0.56 during trading hours on Friday, hitting $48.41. The company had a trading volume of 225,955 shares, compared to its average volume of 1,368,133. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a 50 day simple moving average of $48.83 and a 200 day simple moving average of $45.05. Unum Group has a 52 week low of $36.27 and a 52 week high of $51.15.
Unum Group (NYSE:UNM – Get Free Report) last released its earnings results on Tuesday, August 1st. The financial services provider reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.19. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.07 billion. Unum Group had a return on equity of 15.10% and a net margin of 11.90%. Equities research analysts expect that Unum Group will post 7.73 earnings per share for the current year.
Unum Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, July 28th were paid a $0.365 dividend. This is a boost from Unum Group’s previous quarterly dividend of $0.33. This represents a $1.46 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Thursday, July 27th. Unum Group’s payout ratio is 20.25%.
In related news, EVP Timothy Gerald Arnold sold 20,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $50.00, for a total value of $1,000,000.00. Following the sale, the executive vice president now directly owns 72,061 shares of the company’s stock, valued at $3,603,050. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Unum Group news, EVP Timothy Gerald Arnold sold 20,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $50.00, for a total value of $1,000,000.00. Following the sale, the executive vice president now directly owns 72,061 shares of the company’s stock, valued at $3,603,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher W. Pyne sold 3,750 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $49.02, for a total value of $183,825.00. Following the completion of the sale, the executive vice president now directly owns 46,334 shares in the company, valued at $2,271,292.68. The disclosure for this sale can be found here. Insiders own 0.94% of the company’s stock.
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 and Corporate segments. 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.
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