Ritholtz Wealth Management Purchases 637 Shares of Unum Group (NYSE:UNM)

Ritholtz Wealth Management lifted its position in Unum Group (NYSE:UNM) by 1.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 34,177 shares of the financial services provider’s stock after purchasing an additional 637 shares during the period. Ritholtz Wealth Management’s holdings in Unum Group were worth $2,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Unum Group in the 3rd quarter worth $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Unum Group in the third quarter valued at about $37,000. V Square Quantitative Management LLC increased its stake in shares of Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 194 shares during the period. Versant Capital Management Inc lifted its position in shares of Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 160 shares during the last quarter. Finally, William B. Walkup & Associates Inc. bought a new stake in Unum Group during the 2nd quarter valued at approximately $44,000. 86.57% of the stock is owned by institutional investors.

Insider Activity at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the transaction, the executive vice president now owns 58,741 shares in the company, valued at approximately $3,768,822.56. The trade was a 7.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the transaction, the executive vice president now directly owns 50,762 shares in the company, valued at approximately $3,554,355.24. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 107,914 shares of company stock valued at $7,998,745 in the last ninety days. Insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on UNM shares. Jefferies Financial Group lifted their price target on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their target price 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. Piper Sandler increased their price target on shares of Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Evercore ISI upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Finally, Truist Financial increased their target price on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.45.

Unum Group Stock Up 1.0 %

NYSE UNM opened at $75.02 on Friday. Unum Group has a 1-year low of $45.23 and a 1-year high of $77.63. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.97 and a beta of 0.81. The stock’s 50 day moving average is $73.60 and its two-hundred day moving average is $62.81. 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 (NYSE:UNM) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm earned $1.94 EPS. Unum Group’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts forecast that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is currently 18.18%.

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.