Impact Partnership Wealth LLC Acquires Shares of 7,440 Unum Group (NYSE:UNM)

Impact Partnership Wealth LLC bought a new position in Unum Group (NYSE:UNM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,440 shares of the financial services provider’s stock, valued at approximately $543,000.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Unum Group in the third quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Unum Group in the third quarter valued at approximately $37,000. V Square Quantitative Management LLC boosted its holdings in shares of Unum Group by 38.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 194 shares in the last quarter. Versant Capital Management Inc grew its position in 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 acquiring an additional 160 shares during the last quarter. Finally, William B. Walkup & Associates Inc. acquired a new stake in Unum Group during the 2nd quarter valued at $44,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of recent analyst reports. Evercore ISI raised 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 research note on Thursday, November 14th. Bank of America increased their price objective on shares of Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. BMO Capital Markets started coverage on shares of Unum Group in a research report on Thursday. They set an “outperform” rating and a $91.00 target price on the stock. Truist Financial raised their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, UBS Group raised Unum Group to a “hold” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $76.75.

Insider Activity at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s 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 sale, the executive vice president now directly owns 54,827 shares in the company, valued at $4,217,292.84. The trade was a 15.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.39, for a total value of $4,437,832.35. Following the transaction, the chief executive officer now owns 1,007,003 shares of the company’s stock, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,914 shares of company stock worth $7,998,745 in the last quarter. Corporate insiders own 0.93% of the company’s stock.

Unum Group Trading Up 0.3 %

NYSE:UNM opened at $75.54 on Friday. 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 1-year low of $46.39 and a 1-year high of $77.63. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.07 and a beta of 0.81. The business’s 50-day moving average price is $73.86 and its two-hundred day moving average price is $63.41.

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

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is 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.