DekaBank Deutsche Girozentrale Purchases 91,026 Shares of Unum Group (NYSE:UNM)

DekaBank Deutsche Girozentrale boosted its holdings in shares of Unum Group (NYSE:UNM) by 57.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,712 shares of the financial services provider’s stock after buying an additional 91,026 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.13% of Unum Group worth $13,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Salomon & Ludwin LLC bought a new stake in shares of Unum Group during the 1st quarter valued at about $28,000. MCF Advisors LLC purchased a new position in Unum Group in the 1st quarter worth approximately $35,000. Daiwa Securities Group Inc. purchased a new position in Unum Group in the 4th quarter worth approximately $36,000. Rise Advisors LLC increased its holdings in shares of Unum Group by 93.8% in the 1st quarter. Rise Advisors LLC now owns 814 shares of the financial services provider’s stock worth $44,000 after buying an additional 394 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Unum Group by 363.7% during the 1st quarter. Venturi Wealth Management LLC now owns 946 shares of the financial services provider’s stock valued at $51,000 after buying an additional 742 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Unum Group

In related news, EVP Christopher W. Pyne sold 4,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total transaction of $236,115.00. Following the transaction, the executive vice president now owns 56,262 shares in the company, valued at $2,952,067.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Timothy F. Keaney sold 8,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total value of $420,880.00. Following the completion of the transaction, the director now directly owns 37,505 shares in the company, valued at approximately $1,973,138.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 4,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the sale, the executive vice president now directly owns 56,262 shares in the company, valued at approximately $2,952,067.14. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Unum Group from $64.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup increased their price objective on Unum Group from $62.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Truist Financial boosted their target price on Unum Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler began coverage on Unum Group in a research note on Thursday, July 11th. They issued an “overweight” rating and a $57.00 target price for the company. Finally, Morgan Stanley boosted their price objective on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.44.

Unum Group Trading Down 4.7 %

UNM traded down $2.66 during trading on Friday, hitting $53.90. 2,014,488 shares of the stock traded hands, compared to its average volume of 1,317,370. The firm has a 50-day moving average of $51.98 and a 200 day moving average of $51.03. Unum Group has a 12-month low of $41.75 and a 12-month high of $58.17. The firm has a market capitalization of $10.01 billion, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 0.83 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.28 and a quick ratio of 0.28.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.14. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Unum Group had a return on equity of 15.55% and a net margin of 10.40%. Unum Group’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.06 earnings per share. Equities research analysts anticipate that Unum Group will post 8.51 EPS for the current year.

Unum Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, July 26th will be given a dividend of $0.42 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.37. This represents a $1.68 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, July 26th. Unum Group’s payout ratio is presently 24.96%.

Unum Group Company 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.