Captrust Financial Advisors Buys 4,349 Shares of Unum Group (NYSE:UNM)

Captrust Financial Advisors increased its stake in shares of Unum Group (NYSE:UNM) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 211,660 shares of the financial services provider’s stock after purchasing an additional 4,349 shares during the quarter. Captrust Financial Advisors owned 0.12% of Unum Group worth $12,581,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UNM. Versant Capital Management Inc increased its position in Unum Group by 361.5% during the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 394 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Unum Group during the 2nd quarter valued at about $26,000. 1620 Investment Advisors Inc. purchased a new stake in Unum Group in the 2nd quarter worth about $29,000. Capital Performance Advisors LLP bought a new stake in Unum Group in the third quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Unum Group during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Down 0.2 %

Shares of NYSE UNM opened at $76.90 on Monday. The stock has a market capitalization of $14.04 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 12-month low of $42.09 and a 12-month high of $77.63. The stock’s fifty day simple moving average is $65.87 and its two-hundred day simple moving average is $57.56.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.94 earnings per share. As a group, analysts expect that Unum Group will post 8.53 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 annualized dividend and a yield of 2.18%. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Insiders Place Their Bets

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the sale, the executive vice president now directly owns 58,741 shares in the company, valued at $3,768,822.56. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard P. Mckenney sold 58,865 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the transaction, the chief executive officer now owns 1,007,003 shares in the company, valued at $75,917,956.17. The trade was a 5.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,709 shares of company stock valued at $10,956,914. 0.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley boosted their target price on shares of Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI raised shares of 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 note on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and issued a $66.00 price objective (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Finally, UBS Group raised shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and an average target price of $67.73.

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.