5,320 Shares in Unum Group (NYSE:UNM) Acquired by Forbes J M & Co. LLP

Forbes J M & Co. LLP acquired a new stake in shares of Unum Group (NYSE:UNM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,320 shares of the financial services provider’s stock, valued at approximately $389,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc raised its position in shares of Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 160 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in Unum Group by 28.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 179 shares during the period. CIBC Asset Management Inc lifted its holdings in Unum Group by 3.4% in the 3rd quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 180 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Unum Group by 38.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 194 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Unum Group by 3.1% during the 3rd quarter. Brooklyn Investment Group now owns 6,592 shares of the financial services provider’s stock valued at $392,000 after buying an additional 197 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on UNM. Barclays boosted their target price on shares of Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, January 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 report on Tuesday, January 7th. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. StockNews.com downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Piper Sandler upped their target price on Unum Group from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $79.45.

Unum Group Trading Up 0.4 %

UNM opened at $76.97 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $74.23 and its two-hundred day moving average is $65.16. The company has a market capitalization of $14.05 billion, a P/E ratio of 8.13, a PEG ratio of 1.17 and a beta of 0.80. Unum Group has a 52 week low of $46.64 and a 52 week high of $79.43.

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

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.68 annualized dividend and a yield of 2.18%. Unum Group’s dividend payout ratio (DPR) is presently 17.74%.

Insider Transactions at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, November 27th. The shares were 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 of the company’s stock, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hanley Ronald P. O sold 14,299 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $72.10, for a total value of $1,030,957.90. Following the sale, the director now owns 38,819 shares of the company’s stock, valued at approximately $2,798,849.90. This represents a 26.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 98,164 shares of company stock valued at $7,346,040. Corporate insiders own 0.93% of the company’s stock.

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.