Everence Capital Management Inc. Makes New $341,000 Investment in Unum Group (NYSE:UNM)

Everence Capital Management Inc. acquired a new stake in Unum Group (NYSE:UNM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,670 shares of the financial services provider’s stock, valued at approximately $341,000.

A number of other hedge funds have also modified their holdings of the stock. Natixis Advisors LLC raised its stake in Unum Group by 3.3% during the second quarter. Natixis Advisors LLC now owns 27,296 shares of the financial services provider’s stock worth $1,395,000 after acquiring an additional 873 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Unum Group by 62.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock worth $57,237,000 after purchasing an additional 432,240 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Unum Group by 1.5% during the 2nd quarter. Private Advisor Group LLC now owns 29,481 shares of the financial services provider’s stock valued at $1,507,000 after purchasing an additional 437 shares during the last quarter. Savant Capital LLC boosted its position in Unum Group by 1.6% in the second quarter. Savant Capital LLC now owns 41,714 shares of the financial services provider’s stock valued at $2,132,000 after buying an additional 675 shares in the last quarter. Finally, Caprock Group LLC grew its stake in Unum Group by 79.7% during the second quarter. Caprock Group LLC now owns 12,087 shares of the financial services provider’s stock worth $618,000 after buying an additional 5,362 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Unum Group

In related news, EVP Christopher W. Pyne sold 3,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the sale, the executive vice president now owns 50,762 shares in the company, valued at $3,554,355.24. This represents a 6.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard P. Mckenney sold 58,865 shares of Unum Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.39, for a total value of $4,437,832.35. Following the transaction, the chief executive officer now owns 1,007,003 shares in the company, valued at approximately $75,917,956.17. This represents a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock worth $7,998,745 in the last ninety days. Company insiders own 0.93% of the company’s stock.

Unum Group Trading Up 0.1 %

Shares of NYSE UNM opened at $73.20 on Tuesday. Unum Group has a fifty-two week low of $44.83 and a fifty-two week high of $77.63. The firm has a market capitalization of $13.37 billion, a P/E ratio of 7.92, a P/E/G 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. The company’s 50 day simple moving average is $72.27 and its 200 day simple moving average is $61.56.

Unum Group (NYSE:UNM) last posted its quarterly 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%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. On average, analysts predict that Unum Group will post 8.54 EPS for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a $0.42 dividend. The ex-dividend date 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 (DPR) is presently 18.18%.

Analyst Ratings Changes

UNM has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Piper Sandler lifted their price target on Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Barclays increased their price objective on shares of Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Jefferies Financial Group boosted their target price on shares of Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.09.

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.