Jacobi Capital Management LLC Acquires Shares of 3,261 Unum Group (NYSE:UNM)

Jacobi Capital Management LLC acquired a new stake in Unum Group (NYSE:UNM) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,261 shares of the financial services provider’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UNM. State of Alaska Department of Revenue increased its stake in Unum Group by 2.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,857 shares of the financial services provider’s stock valued at $1,180,000 after buying an additional 500 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Unum Group by 60.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,218 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,211 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in Unum Group by 23.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,941 shares of the financial services provider’s stock valued at $313,000 after buying an additional 940 shares during the last quarter. Van ECK Associates Corp increased its stake in Unum Group by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 108,076 shares of the financial services provider’s stock valued at $6,855,000 after buying an additional 30,881 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Unum Group by 24.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 226,478 shares of the financial services provider’s stock valued at $13,462,000 after buying an additional 43,773 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on UNM. Morgan Stanley increased their target price on shares of Unum Group from $80.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and increased their target price for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. Jefferies Financial Group increased their target price on shares of Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets increased their target price on shares of Unum Group from $95.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Piper Sandler increased their target price on shares of Unum Group from $82.00 to $87.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.83.

Unum Group Stock Down 1.2 %

Shares of NYSE:UNM opened at $81.29 on Tuesday. The firm has a fifty day moving average price of $74.93 and a two-hundred day moving average price of $67.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. Unum Group has a one year low of $48.38 and a one year high of $83.96. The company has a market cap of $14.84 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.14 and a beta of 0.80.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 24th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date was Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is currently 17.74%.

Unum Group declared that its Board of Directors has approved a share repurchase program on Tuesday, February 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About Unum Group

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.