Versant Capital Management Inc Buys 160 Shares of Unum Group (NYSE:UNM)

Versant Capital Management Inc raised its stake in Unum Group (NYSE:UNM) by 26.4% in the 4th quarter, HoldingsChannel reports. The firm owned 766 shares of the financial services provider’s stock after acquiring an additional 160 shares during the quarter. Versant Capital Management Inc’s holdings in Unum Group were worth $56,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. DGS Capital Management LLC raised its stake in Unum Group by 4.6% during the 3rd quarter. DGS Capital Management LLC now owns 36,962 shares of the financial services provider’s stock worth $2,197,000 after buying an additional 1,611 shares during the period. Franklin Resources Inc. increased its holdings in shares of Unum Group by 50.0% during the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after acquiring an additional 156,380 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Unum Group during the third quarter worth approximately $58,000. Coldstream Capital Management Inc. lifted its holdings in shares of Unum Group by 10.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,778 shares of the financial services provider’s stock worth $775,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Vestcor Inc grew its position in Unum Group by 156.2% in the 3rd quarter. Vestcor Inc now owns 88,728 shares of the financial services provider’s stock valued at $5,274,000 after purchasing an additional 54,095 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on UNM. Wells Fargo & Company upped their price objective on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Truist Financial upped their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays lifted their price target on Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their target price on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, UBS Group upgraded Unum Group to a “hold” rating in a report on Wednesday, October 9th. Four research 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, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $72.09.

Insider Transactions at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the completion of the transaction, the executive vice president now owns 54,827 shares in the company, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,914 shares of company stock worth $7,998,745. 0.93% of the stock is owned by company insiders.

Unum Group Trading Up 0.2 %

NYSE UNM opened at $73.10 on Monday. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a one year low of $44.83 and a one year high of $77.63. The business’s fifty day moving average is $72.04 and its 200-day moving average is $61.32.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. Unum Group’s revenue was up 4.0% on a year-over-year basis. Equities research analysts predict that Unum Group will post 8.54 EPS for the current year.

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.30%. Unum Group’s dividend payout ratio is presently 18.18%.

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.