TFB Advisors LLC Has $375,000 Position in Unum Group (NYSE:UNM)

TFB Advisors LLC decreased its holdings in shares of Unum Group (NYSE:UNM) by 28.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,317 shares of the financial services provider’s stock after selling 2,479 shares during the quarter. TFB Advisors LLC’s holdings in Unum Group were worth $375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Unum Group by 54.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,514 shares of the financial services provider’s stock valued at $4,150,000 after buying an additional 27,599 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Unum Group by 116.3% during the first quarter. BNP Paribas Financial Markets now owns 34,606 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 18,604 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Unum Group by 3.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 60,195 shares of the financial services provider’s stock worth $3,230,000 after purchasing an additional 2,280 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Unum Group by 625.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,800 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 5,000 shares during the period. Finally, Sei Investments Co. grew its holdings in Unum Group by 105.8% in the 1st quarter. Sei Investments Co. now owns 377,627 shares of the financial services provider’s stock valued at $20,263,000 after buying an additional 194,125 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Christopher W. Pyne sold 3,250 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the transaction, the executive vice president now owns 50,762 shares of the company’s stock, valued at approximately $3,554,355.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Christopher W. Pyne sold 3,250 shares of the stock in a transaction on 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 directly owns 50,762 shares in the company, valued at $3,554,355.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were 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 owns 64,821 shares in the company, valued at $3,507,464.31. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,545 shares of company stock worth $4,921,174 in the last ninety days. Company insiders own 0.93% of the company’s stock.

Unum Group Trading Up 0.1 %

UNM opened at $69.45 on Friday. The company’s 50 day moving average is $60.26 and its 200-day moving average is $55.18. The company has a market cap of $12.68 billion, a P/E ratio of 7.52, a PEG ratio of 1.03 and a beta of 0.76. Unum Group has a 1-year low of $41.86 and a 1-year high of $70.40. 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 (NYSE:UNM) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 earnings per share. Equities research analysts predict that Unum Group will post 8.52 earnings per share for the current fiscal year.

Unum Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 30th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 10% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.42%. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UNM shares. Evercore ISI upped their price target on shares of Unum Group from $59.00 to $66.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. 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 research report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Finally, Morgan Stanley increased their target price on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.09.

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.