CVA Family Office LLC Invests $49,000 in Unum Group (NYSE:UNM)

CVA Family Office LLC acquired a new stake in Unum Group (NYSE:UNM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,075 shares of the financial services provider’s stock, valued at approximately $49,000.

Other hedge funds have also recently bought and sold shares of the company. Silver Oak Securities Incorporated purchased a new position in Unum Group in the 3rd quarter valued at approximately $25,000. Resurgent Financial Advisors LLC purchased a new position in Unum Group during the second quarter worth $25,000. Contravisory Investment Management Inc. purchased a new position in Unum Group during the fourth quarter worth $25,000. Huntington National Bank increased its position in Unum Group by 1,076.4% during the second quarter. Huntington National Bank now owns 647 shares of the financial services provider’s stock worth $31,000 after buying an additional 592 shares in the last quarter. Finally, Bangor Savings Bank increased its position in Unum Group by 100.0% during the third quarter. Bangor Savings Bank now owns 664 shares of the financial services provider’s stock worth $33,000 after buying an additional 332 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Price Performance

NYSE UNM opened at $53.66 on Thursday. The stock has a market capitalization of $10.28 billion, a P/E ratio of 8.27, a P/E/G ratio of 0.78 and a beta of 0.86. Unum Group has a 1 year low of $38.34 and a 1 year high of $53.82. The business’s fifty day moving average is $49.35 and its two-hundred day moving average is $47.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.07). Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the firm earned $1.43 earnings per share. Unum Group’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts forecast that Unum Group will post 8.18 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, January 26th were paid a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, January 25th. Unum Group’s dividend payout ratio (DPR) is currently 22.50%.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the executive vice president now directly owns 55,450 shares in the company, valued at approximately $2,772,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard P. Mckenney sold 50,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the transaction, the chief executive officer now owns 1,076,753 shares in the company, valued at $52,922,409.95. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock valued at $4,018,100 in the last three months. 0.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UNM. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upgraded Unum Group from a “neutral” rating to an “overweight” rating and set a $55.00 target price on the stock in a report on Wednesday, January 3rd. Wells Fargo & Company raised their price objective on Unum Group from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, The Goldman Sachs Group raised their price objective on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $55.88.

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.