DMC Group LLC Boosts Stock Holdings in Unum Group (NYSE:UNM)

DMC Group LLC boosted its stake in Unum Group (NYSE:UNM) by 57.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,105 shares of the financial services provider’s stock after purchasing an additional 2,605 shares during the quarter. DMC Group LLC’s holdings in Unum Group were worth $519,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UNM. Charles Schwab Investment Management Inc. grew its holdings in shares of Unum Group by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider’s stock valued at $326,950,000 after purchasing an additional 55,014 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Unum Group by 5.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock valued at $70,511,000 after acquiring an additional 66,392 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after acquiring an additional 307,175 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Unum Group by 50.0% in the 3rd quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after purchasing an additional 156,380 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Unum Group by 24.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 325,796 shares of the financial services provider’s stock worth $19,365,000 after purchasing an additional 64,062 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Truist Financial raised their price target on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Wells Fargo & Company upped their price target on shares of Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. UBS Group raised shares of Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley upped their target price on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.75.

Unum Group Price Performance

UNM opened at $77.41 on Thursday. The company has a market capitalization of $14.14 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 1.07 and a beta of 0.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 12-month low of $46.39 and a 12-month high of $77.65. The business’s fifty day simple moving average is $74.19 and its 200-day simple moving average is $64.27.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.17%. Unum Group’s dividend payout ratio is presently 18.18%.

Insider Activity at Unum Group

In other news, EVP Christopher W. Pyne sold 3,250 shares of Unum Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the transaction, the executive vice president now owns 50,762 shares of the company’s stock, valued at $3,554,355.24. The trade was a 6.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares of the company’s stock, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,914 shares of company stock valued at $7,677,945 over the last ninety days. 0.93% of the stock is owned by company insiders.

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 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.