OLD National Bancorp IN Acquires 1,136 Shares of Unum Group (NYSE:UNM)

OLD National Bancorp IN lifted its stake in Unum Group (NYSE:UNM) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,815 shares of the financial services provider’s stock after buying an additional 1,136 shares during the period. OLD National Bancorp IN’s holdings in Unum Group were worth $863,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Unum Group by 1.0% during the 3rd 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 acquiring an additional 55,014 shares during the period. Victory Capital Management Inc. lifted its position in Unum Group by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock worth $70,511,000 after purchasing an additional 66,392 shares during the period. Jacobs Levy Equity Management Inc. grew 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 buying an additional 307,175 shares in the last quarter. Franklin Resources Inc. increased its holdings in 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 buying an additional 156,380 shares during the period. Finally, Assenagon Asset Management S.A. raised its position 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 valued at $19,365,000 after buying an additional 64,062 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on UNM. Wells Fargo & Company increased their price target on shares of Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Piper Sandler lifted their price target on Unum Group from $74.00 to $82.00 and gave the company 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 raised their price objective for the company from $67.00 to $84.00 in a research note on Thursday, November 14th. Jefferies Financial Group boosted their target price on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Bank of America raised their price target on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating and eight have assigned 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 target price of $79.00.

Unum Group Price Performance

UNM stock opened at $76.25 on Friday. The company has a market capitalization of $13.92 billion, a P/E ratio of 8.25, a PEG ratio of 1.09 and a beta of 0.81. The company has a fifty day moving average price of $74.23 and a 200-day moving average price of $64.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a 52-week low of $46.39 and a 52-week high of $77.69.

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

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group’s payout ratio is presently 18.18%.

Insider Buying and Selling at Unum Group

In related news, EVP Christopher W. Pyne sold 3,250 shares of the business’s stock in a transaction 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 in the company, valued at $3,554,355.24. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction dated 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 transaction, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,914 shares of company stock valued at $7,677,945. 0.93% of the stock is currently owned by company insiders.

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 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.