Impact Partnership Wealth LLC Takes Position in Unum Group (NYSE:UNM)

Impact Partnership Wealth LLC acquired a new position in Unum Group (NYSE:UNM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,440 shares of the financial services provider’s stock, valued at approximately $543,000.

A number of other institutional investors have also recently bought and sold shares of UNM. Mercer Global Advisors Inc. ADV lifted its position in shares of Unum Group by 17.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,473 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 2,559 shares in the last quarter. Blair William & Co. IL acquired a new position in Unum Group in the 2nd quarter valued at approximately $210,000. AE Wealth Management LLC purchased a new stake in Unum Group in the 2nd quarter worth approximately $236,000. Pacer Advisors Inc. boosted its stake in shares of Unum Group by 19.4% during the 2nd quarter. Pacer Advisors Inc. now owns 32,737 shares of the financial services provider’s stock valued at $1,673,000 after buying an additional 5,326 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Unum Group by 9.5% during the 2nd quarter. Sei Investments Co. now owns 413,350 shares of the financial services provider’s stock valued at $21,127,000 after acquiring an additional 35,723 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $64.16, for a total value of $320,800.00. Following the sale, the executive vice president now owns 58,741 shares of the company’s stock, valued at $3,768,822.56. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the completion of the transaction, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,914 shares of company stock valued at $7,998,745 in the last quarter. Corporate insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UNM. Piper Sandler lifted their price objective on Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Jefferies Financial Group lifted their price target on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. BMO Capital Markets started coverage on Unum Group in a report on Thursday. They issued an “outperform” rating and a $91.00 price objective on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 target price (up from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. Finally, UBS Group upgraded shares of Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and a consensus price target of $76.75.

Unum Group Stock Up 0.3 %

Shares of UNM stock opened at $75.54 on Friday. Unum Group has a 12 month low of $46.39 and a 12 month high of $77.63. 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 firm has a market cap of $13.79 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81. The stock has a 50 day moving average of $73.86 and a 200-day moving average of $63.41.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. The firm had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. On average, equities analysts predict that Unum Group will post 8.54 EPS for the current year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be paid 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 2.22%. Unum Group’s dividend payout ratio is 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.