Unum Group (NYSE:UNM) Shares Bought by Burney Co.

Burney Co. grew its holdings in Unum Group (NYSE:UNM) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 130,462 shares of the financial services provider’s stock after buying an additional 1,032 shares during the quarter. Burney Co. owned 0.07% of Unum Group worth $6,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNM. Raleigh Capital Management Inc. purchased a new stake in shares of Unum Group in the 2nd quarter valued at approximately $27,000. Financial Management Professionals Inc. boosted its holdings in Unum Group by 2,262.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 685 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 656 shares during the period. Newbridge Financial Services Group Inc. grew its position in Unum Group by 228.8% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 743 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 517 shares in the last quarter. CVA Family Office LLC increased its stake in Unum Group by 37.8% during the second quarter. CVA Family Office LLC now owns 1,075 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 295 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of Unum Group by 64.7% during the second quarter. Global Retirement Partners LLC now owns 1,398 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 549 shares in the last quarter. 79.37% of the stock is owned by hedge funds and other institutional investors.

Unum Group Price Performance

UNM stock opened at $42.31 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $8.25 billion, a P/E ratio of 6.84, a PEG ratio of 0.81 and a beta of 1.07. The business has a 50 day simple moving average of $47.99 and a 200-day simple moving average of $47.36. Unum Group has a twelve month low of $36.27 and a twelve month high of $52.15.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.92 by $0.02. Unum Group had a net margin of 10.07% and a return on equity of 15.54%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the prior year, the firm earned $1.51 EPS. Unum Group’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that Unum Group will post 7.72 EPS for the current year.

Unum Group announced that its board has authorized a share buyback plan on Tuesday, October 31st that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, October 27th will be paid a $0.365 dividend. The ex-dividend date is Thursday, October 26th. This represents a $1.46 annualized dividend and a yield of 3.45%. Unum Group’s dividend payout ratio is currently 23.59%.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of research reports. Morgan Stanley increased their target price on shares of Unum Group from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, August 18th. Jefferies Financial Group increased their price objective on shares of Unum Group from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Truist Financial lowered their target price on shares of Unum Group from $59.00 to $54.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Citigroup upped their price target on Unum Group from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.63.

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 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.