Unum Group (NYSE:UNM) Shares Purchased by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. increased its stake in Unum Group (NYSE:UNM) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,506 shares of the financial services provider’s stock after acquiring an additional 649 shares during the period. Lifestyle Asset Management Inc.’s holdings in Unum Group were worth $1,159,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Unum Group by 54.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,514 shares of the financial services provider’s stock valued at $4,150,000 after buying an additional 27,599 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Unum Group by 116.3% in the 1st quarter. BNP Paribas Financial Markets now owns 34,606 shares of the financial services provider’s stock valued at $1,857,000 after purchasing an additional 18,604 shares during the period. Janney Montgomery Scott LLC grew its stake in Unum Group by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 60,195 shares of the financial services provider’s stock worth $3,230,000 after buying an additional 2,280 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Unum Group by 625.0% during the first quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the financial services provider’s stock worth $311,000 after buying an additional 5,000 shares during the period. Finally, Texas Permanent School Fund Corp lifted its stake in Unum Group by 0.5% in the first quarter. Texas Permanent School Fund Corp now owns 159,106 shares of the financial services provider’s stock valued at $8,538,000 after buying an additional 723 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Trading Down 1.2 %

Shares of UNM stock opened at $69.37 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 1.03 and a beta of 0.76. The firm’s 50 day moving average price is $59.98 and its two-hundred day moving average price is $55.06. Unum Group has a fifty-two week low of $41.86 and a fifty-two week high of $70.40.

Unum Group (NYSE:UNM) last released its quarterly 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 firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Unum Group will post 8.52 EPS for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.68 annualized dividend and a yield of 2.42%. Unum Group’s dividend payout ratio is presently 18.18%.

Unum Group announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 10% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UNM. Piper Sandler restated an “overweight” rating and set a $66.00 target price (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Morgan Stanley raised their price objective on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Barclays lifted their target price on Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Citigroup lifted their price objective on shares of Unum Group from $62.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and a consensus target price of $66.09.

Insider Buying and Selling at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total value of $541,100.00. Following the sale, the executive vice president now owns 64,821 shares in the company, valued at approximately $3,507,464.31. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $64.16, for a total value of $320,800.00. Following the transaction, the executive vice president now directly owns 58,741 shares in the company, valued at approximately $3,768,822.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total transaction of $541,100.00. Following the completion of the transaction, the executive vice president now directly owns 64,821 shares of the company’s stock, valued at $3,507,464.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,795 shares of company stock worth $4,589,269 in the last ninety days. 0.93% of the stock is owned by insiders.

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 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.