Pathway Financial Advisers LLC Acquires Shares of 1,383 Unum Group (NYSE:UNM)

Pathway Financial Advisers LLC bought a new position in shares of Unum Group (NYSE:UNM) during the first quarter, according to its most recent filing with the SEC. The fund bought 1,383 shares of the financial services provider’s stock, valued at approximately $74,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNM. Quadrature Capital Ltd purchased a new position in shares of Unum Group during the 1st quarter valued at $1,130,000. Boone Capital Management LLC lifted its holdings in Unum Group by 10.8% during the fourth quarter. Boone Capital Management LLC now owns 961,661 shares of the financial services provider’s stock valued at $43,486,000 after purchasing an additional 94,096 shares during the last quarter. Allianz Asset Management GmbH boosted its position in Unum Group by 3.6% during the fourth quarter. Allianz Asset Management GmbH now owns 950,914 shares of the financial services provider’s stock worth $43,000,000 after purchasing an additional 33,454 shares during the period. First Trust Advisors LP increased its stake in shares of Unum Group by 43.0% in the fourth quarter. First Trust Advisors LP now owns 973,480 shares of the financial services provider’s stock worth $44,021,000 after purchasing an additional 292,917 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Unum Group in the fourth quarter valued at approximately $590,489,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UNM. Evercore ISI increased their price objective on Unum Group from $56.00 to $58.00 and gave the stock an “in-line” rating in a report on Wednesday, June 26th. Wells Fargo & Company boosted their price objective on shares of Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Citigroup upped their target price on shares of Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Truist Financial raised their price target on shares of Unum Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. Finally, Morgan Stanley upped their price target on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.44.

Unum Group Trading Down 4.7 %

NYSE UNM traded down $2.66 during trading on Friday, hitting $53.90. 2,014,488 shares of the company’s stock traded hands, compared to its average volume of 1,317,370. The stock has a fifty day moving average of $51.98 and a two-hundred day moving average of $51.03. Unum Group has a 12-month low of $41.75 and a 12-month high of $58.17. The firm has a market cap of $10.01 billion, a P/E ratio of 8.01, a PEG ratio of 0.83 and a beta of 0.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.28 and a quick ratio of 0.28.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.14. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Unum Group had a return on equity of 15.55% and a net margin of 10.40%. Unum Group’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 EPS. As a group, sell-side analysts expect that Unum Group will post 8.51 EPS for the current year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, July 26th will be issued a dividend of $0.42 per share. This is a positive change from Unum Group’s previous quarterly dividend of $0.37. This represents a $1.68 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, July 26th. Unum Group’s dividend payout ratio is currently 24.96%.

Insider Activity at Unum Group

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

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.