Longboard Asset Management LP Invests $277,000 in Unum Group (NYSE:UNM)

Longboard Asset Management LP acquired a new position in shares of Unum Group (NYSE:UNM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,794 shares of the financial services provider’s stock, valued at approximately $277,000. Unum Group comprises approximately 0.7% of Longboard Asset Management LP’s portfolio, making the stock its 4th largest holding.

Other hedge funds have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its position in Unum Group by 9.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,385 shares of the financial services provider’s stock valued at $393,000 after acquiring an additional 444 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Unum Group by 10.6% during the fourth quarter. OLD National Bancorp IN now owns 11,815 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 1,136 shares during the period. DMC Group LLC boosted its holdings in Unum Group by 57.9% in the fourth quarter. DMC Group LLC now owns 7,105 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 2,605 shares in the last quarter. Foster & Motley Inc. grew its position in Unum Group by 0.9% in the 4th quarter. Foster & Motley Inc. now owns 115,594 shares of the financial services provider’s stock valued at $8,442,000 after purchasing an additional 1,078 shares during the period. Finally, Ibex Wealth Advisors lifted its stake in shares of Unum Group by 157.0% in the fourth quarter. Ibex Wealth Advisors now owns 130,296 shares of the financial services provider’s stock valued at $9,515,000 after buying an additional 79,594 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UNM. Bank of America boosted their target price on shares of Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price objective on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price target (up from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. Finally, BMO Capital Markets initiated coverage on Unum Group in a research report on Thursday, January 23rd. They set an “outperform” rating and a $91.00 price target for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

Insider Activity at Unum Group

In other news, EVP Christopher W. Pyne sold 3,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the sale, the executive vice president now owns 50,762 shares of the company’s stock, valued at approximately $3,554,355.24. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at approximately $581,591.16. The trade was a 15.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 102,914 shares of company stock valued at $7,677,945 over the last three months. 0.93% of the stock is owned by corporate insiders.

Unum Group Trading Up 0.0 %

Shares of Unum Group stock opened at $76.29 on Tuesday. The company’s 50-day moving average price is $74.23 and its 200-day moving average price is $64.84. The company has a market cap of $13.93 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 1.08 and a beta of 0.80. Unum Group has a 12-month low of $46.64 and a 12-month high of $77.69. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is 18.18%.

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.