Unum Group (NYSE:UNM) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP grew its stake in Unum Group (NYSE:UNM) by 32.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 226,149 shares of the financial services provider’s stock after purchasing an additional 54,880 shares during the quarter. Bridgewater Associates LP owned approximately 0.12% of Unum Group worth $13,442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UNM. Versant Capital Management Inc increased its stake in Unum Group by 361.5% during the 2nd quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after buying an additional 394 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Unum Group in the second quarter worth approximately $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Unum Group during the third quarter worth approximately $31,000. 1620 Investment Advisors Inc. acquired a new position in Unum Group in the 2nd quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In other Unum Group news, Director Hanley Ronald P. O sold 14,299 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $72.10, for a total value of $1,030,957.90. Following the sale, the director now directly owns 38,819 shares of the company’s stock, valued at approximately $2,798,849.90. This represents a 26.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Richard P. Mckenney sold 67,795 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the completion of the sale, the chief executive officer now owns 1,065,868 shares in the company, valued at $58,601,422.64. The trade was a 5.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,709 shares of company stock valued at $10,956,914. 0.93% of the stock is currently owned by company insiders.

Unum Group Stock Up 1.1 %

NYSE:UNM opened at $77.07 on Friday. The stock’s fifty day moving average is $65.08 and its two-hundred day moving average is $57.18. Unum Group has a 52 week low of $41.97 and a 52 week high of $77.20. The stock has a market capitalization of $14.07 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last issued 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. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. Research analysts anticipate that Unum Group will post 8.53 EPS for the current year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a $0.42 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on UNM. Truist Financial upped their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price objective on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Barclays raised their target price on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Bank of America upped their price target on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.73.

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.