Unum Group (NYSE:UNM) Shares Bought by Summit Trail Advisors LLC

Summit Trail Advisors LLC grew its holdings in shares of Unum Group (NYSE:UNM) by 47.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,094 shares of the financial services provider’s stock after buying an additional 2,600 shares during the quarter. Summit Trail Advisors LLC’s holdings in Unum Group were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in Unum Group by 1.0% in the third 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 in the last quarter. Victory Capital Management Inc. raised its stake in shares of Unum Group by 5.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock valued at $70,511,000 after purchasing an additional 66,392 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Unum Group by 151.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after purchasing an additional 307,175 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Unum Group by 50.0% during the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock worth $29,554,000 after purchasing an additional 156,380 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Unum Group by 24.5% in the third quarter. Assenagon Asset Management S.A. now owns 325,796 shares of the financial services provider’s stock worth $19,365,000 after purchasing an additional 64,062 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Buying and Selling at Unum Group

In other news, Director Hanley Ronald P. O sold 14,299 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $72.10, for a total value of $1,030,957.90. Following the completion of the sale, the director now owns 38,819 shares in the company, valued at $2,798,849.90. This represents a 26.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the executive vice president now directly owns 54,827 shares in the company, valued at approximately $4,217,292.84. The trade was 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 have sold 98,164 shares of company stock valued at $7,346,040. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Performance

UNM opened at $75.24 on Wednesday. Unum Group has a twelve month low of $47.65 and a twelve month high of $79.43. The stock has a market cap of $13.74 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.80. The business’s 50 day moving average is $74.21 and its 200-day moving average is $65.80. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. On average, analysts predict that Unum Group will post 9.12 earnings per share for the current year.

Unum Group Announces Dividend

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 given a $0.42 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a yield of 2.23%. Unum Group’s dividend payout ratio is presently 17.74%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UNM. Morgan Stanley upped their price objective on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Piper Sandler upped their price target on Unum Group from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price objective (up from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. BMO Capital Markets started coverage on shares of Unum Group in a research note on Thursday, January 23rd. They set an “outperform” rating and a $91.00 target price for the company. Finally, StockNews.com downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.45.

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.