AIA Group Ltd Buys New Holdings in Unum Group (NYSE:UNM)

AIA Group Ltd bought a new stake in Unum Group (NYSE:UNM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,672 shares of the financial services provider’s stock, valued at approximately $1,163,000.

Other large investors have also modified their holdings of the company. Silver Oak Securities Incorporated acquired a new position in shares of Unum Group in the third quarter valued at $25,000. Salomon & Ludwin LLC bought a new stake in Unum Group in the first quarter valued at $28,000. Contravisory Investment Management Inc. bought a new stake in Unum Group in the fourth quarter valued at $25,000. MCF Advisors LLC bought a new stake in Unum Group in the first quarter valued at $35,000. Finally, Neo Ivy Capital Management bought a new stake in Unum Group in the third quarter valued at $36,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Trading Up 0.8 %

Shares of UNM traded up $0.42 during trading hours on Friday, hitting $51.92. 809,044 shares of the stock traded hands, compared to its average volume of 1,130,752. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. Unum Group has a 1-year low of $41.75 and a 1-year high of $54.57. The firm has a market capitalization of $9.83 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.09 and a beta of 0.81. The business has a fifty day moving average of $51.55 and a 200-day moving average of $50.13.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. Unum Group’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company earned $1.87 earnings per share. Analysts expect that Unum Group will post 8.25 EPS for the current year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, July 26th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.24%. This is an increase from Unum Group’s previous quarterly dividend of $0.37. Unum Group’s dividend payout ratio (DPR) is currently 21.69%.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares in the company, valued at $2,952,067.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Timothy F. Keaney sold 8,000 shares of Unum Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total transaction of $420,880.00. Following the completion of the transaction, the director now directly owns 37,505 shares in the company, valued at approximately $1,973,138.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the transaction, the executive vice president now owns 56,262 shares of the company’s stock, valued at $2,952,067.14. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group upped their price target on Unum Group from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. Piper Sandler assumed coverage on Unum Group in a research report on Thursday. They issued an “overweight” rating and a $57.00 price target on the stock. Truist Financial upped their price target on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Wells Fargo & Company increased their target price on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. increased their target price on Unum Group from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.22.

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.