Delta Asset Management LLC TN bought a new stake in shares of Unum Group (NYSE:UNM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,325 shares of the financial services provider’s stock, valued at approximately $206,000.
A number of other institutional investors have also recently made changes to their positions in the stock. GeoWealth Management LLC grew its position in Unum Group by 3,364.0% during the second quarter. GeoWealth Management LLC now owns 1,732 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 1,682 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Unum Group by 11.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 190,467 shares of the financial services provider’s stock valued at $9,114,000 after purchasing an additional 18,975 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Unum Group in the 2nd quarter worth $1,842,000. Beck Bode LLC bought a new stake in Unum Group in the second quarter worth $7,386,000. Finally, Private Advisor Group LLC boosted its position in Unum Group by 15.5% during the second quarter. Private Advisor Group LLC now owns 37,366 shares of the financial services provider’s stock valued at $1,810,000 after buying an additional 5,020 shares during the period. Institutional investors own 79.37% of the company’s stock.
Analyst Upgrades and Downgrades
UNM has been the subject of a number of recent research reports. Truist Financial lowered their target price on 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 lowered Unum Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley decreased their target price on shares of Unum Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 15th. Wells Fargo & Company increased their price target on shares of Unum Group from $62.00 to $63.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Finally, Jefferies Financial Group boosted 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.50.
Unum Group Stock Performance
Unum Group stock opened at $42.31 on Tuesday. Unum Group has a fifty-two week low of $36.27 and a fifty-two week high of $52.15. The stock’s 50 day simple moving average is $47.52 and its two-hundred day simple moving average is $47.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 6.84, a PEG ratio of 0.79 and a beta of 1.07.
Unum Group (NYSE:UNM – Get Free Report) last released its earnings results on Tuesday, October 31st. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Unum Group had a return on equity of 15.54% and a net margin of 10.07%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. As a group, analysts expect that Unum Group will post 7.72 earnings per share for the current fiscal year.
Unum Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, October 27th were given a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Thursday, October 26th. Unum Group’s dividend payout ratio is presently 23.59%.
Unum Group announced that its board has approved a stock repurchase program on Tuesday, October 31st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
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 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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