TFB Advisors LLC Has $375,000 Stake in Unum Group (NYSE:UNM)

TFB Advisors LLC lessened its stake in Unum Group (NYSE:UNM) by 28.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,317 shares of the financial services provider’s stock after selling 2,479 shares during the quarter. TFB Advisors LLC’s holdings in Unum Group were worth $375,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Unum Group by 54.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,514 shares of the financial services provider’s stock worth $4,150,000 after acquiring an additional 27,599 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Unum Group by 116.3% during the first quarter. BNP Paribas Financial Markets now owns 34,606 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 18,604 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Unum Group by 3.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 60,195 shares of the financial services provider’s stock worth $3,230,000 after purchasing an additional 2,280 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Unum Group by 625.0% during the 1st 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 in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Unum Group by 105.8% in the 1st quarter. Sei Investments Co. now owns 377,627 shares of the financial services provider’s stock worth $20,263,000 after buying an additional 194,125 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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 on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total value of $541,100.00. Following the completion of the sale, the executive vice president now owns 64,821 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. In other news, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total value of $541,100.00. Following the completion of the sale, the executive vice president now owns 64,821 shares of the company’s stock, valued at approximately $3,507,464.31. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher W. Pyne sold 3,250 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 50,762 shares in the company, valued at approximately $3,554,355.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,545 shares of company stock worth $4,921,174 over the last ninety days. Insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UNM. Truist Financial lifted their price target on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley lifted 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. Piper Sandler restated an “overweight” rating and set a $66.00 price target (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Barclays upped their price objective 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, Bank of America raised their target price on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.09.

Unum Group Price Performance

Shares of NYSE UNM opened at $69.45 on Friday. The firm has a market capitalization of $12.68 billion, a P/E ratio of 7.52, a P/E/G ratio of 1.03 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. The stock’s 50-day simple moving average is $60.26 and its two-hundred day simple moving average is $55.18. Unum Group has a twelve month low of $41.86 and a twelve month high of $70.40.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates 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 in the previous year, the business posted $1.94 earnings per share. As a group, equities analysts anticipate that Unum Group will post 8.52 EPS for the current fiscal year.

Unum Group announced that its Board of Directors has initiated a share repurchase program 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 buy up to 10% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Unum Group Dividend Announcement

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

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.