Fragasso Financial Advisors Inc Buys Shares of 2,921 Unum Group (NYSE:UNM)

Fragasso Financial Advisors Inc purchased a new position in Unum Group (NYSE:UNM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,921 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other institutional investors have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in shares of Unum Group during the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Unum Group during the third quarter valued at approximately $37,000. V Square Quantitative Management LLC increased its stake in Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 194 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in Unum Group in the second quarter worth $44,000. Finally, Quarry LP boosted its position in shares of Unum Group by 4,794.7% during the third quarter. Quarry LP now owns 930 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 911 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Christopher W. Pyne sold 3,250 shares of Unum Group stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 directly owns 50,762 shares in the company, valued at approximately $3,554,355.24. The trade was a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the transaction, the executive vice president now directly owns 58,741 shares in the company, valued at $3,768,822.56. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,914 shares of company stock worth $7,998,745. Insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on UNM. Barclays raised their price objective on Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Morgan Stanley lifted their price objective on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Bank of America increased their target price on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 price target (up previously from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. Finally, Piper Sandler upped their price target on shares of Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.55.

Unum Group Trading Up 0.2 %

Shares of NYSE:UNM opened at $71.96 on Tuesday. The company’s 50-day moving average price is $73.00 and its two-hundred day moving average price is $62.18. Unum Group has a one year low of $44.83 and a one year high of $77.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $13.14 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81.

Unum Group (NYSE:UNM) last released its 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 business 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%. Unum Group’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 earnings per share. On average, equities analysts forecast that Unum Group will post 8.54 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.33%. Unum Group’s dividend payout ratio is presently 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.