DMC Group LLC Purchases New Stake in Unum Group (NYSE:UNM)

DMC Group LLC bought a new stake in Unum Group (NYSE:UNM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,500 shares of the financial services provider’s stock, valued at approximately $267,000.

A number of other large investors have also recently added to or reduced their stakes in UNM. V Square Quantitative Management LLC raised its stake in shares of Unum Group by 38.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC grew its holdings in Unum Group by 7.1% during the 1st quarter. GAMMA Investing LLC now owns 3,071 shares of the financial services provider’s stock valued at $165,000 after buying an additional 204 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Unum Group by 2.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 217 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Unum Group by 2.8% during the third quarter. Global Retirement Partners LLC now owns 8,292 shares of the financial services provider’s stock worth $493,000 after buying an additional 224 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Unum Group by 1.8% in the 2nd quarter. QRG Capital Management Inc. now owns 12,786 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 226 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Unum Group

In related news, CEO Richard P. Mckenney sold 67,795 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the transaction, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at approximately $58,601,422.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 directly owns 64,821 shares of the company’s stock, valued at $3,507,464.31. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

Unum Group Price Performance

Shares of UNM opened at $63.62 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 0.93 and a beta of 0.77. The business’s 50-day moving average is $57.21 and its 200-day moving average is $53.84. Unum Group has a fifty-two week low of $41.75 and a fifty-two week high of $64.52.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $2.02 by $0.14. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Unum Group had a net margin of 10.40% and a return on equity of 15.55%. Unum Group’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 EPS. Equities research analysts expect that Unum Group will post 8.49 EPS for the current fiscal year.

Unum Group declared that its Board of Directors has approved a stock repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 10% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.64%. Unum Group’s dividend payout ratio is 24.96%.

Analysts Set New Price Targets

UNM has been the topic of a number of recent analyst reports. Truist Financial increased their price target on shares of Unum Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Citigroup lifted their price target on shares of Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group upped their target price on Unum Group from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Wells Fargo & Company increased their price target on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.64.

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.