Qsemble Capital Management LP raised its stake in shares of Unum Group (NYSE:UNM – Free Report) by 245.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,742 shares of the financial services provider’s stock after purchasing an additional 75,885 shares during the quarter. Qsemble Capital Management LP’s holdings in Unum Group were worth $8,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. OneDigital Investment Advisors LLC lifted its position in Unum Group by 4.2% during the third quarter. OneDigital Investment Advisors LLC now owns 3,484 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 141 shares during the last quarter. Arizona State Retirement System lifted its position in Unum Group by 0.3% during the third quarter. Arizona State Retirement System now owns 49,017 shares of the financial services provider’s stock valued at $3,813,000 after purchasing an additional 160 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in Unum Group by 1.2% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 13,709 shares of the financial services provider’s stock valued at $1,066,000 after purchasing an additional 165 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in Unum Group by 4.8% during the fourth quarter. Valeo Financial Advisors LLC now owns 3,714 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 169 shares during the last quarter. Finally, Savant Capital LLC lifted its position in Unum Group by 0.4% during the third quarter. Savant Capital LLC now owns 46,619 shares of the financial services provider’s stock valued at $3,626,000 after purchasing an additional 179 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors.
Unum Group Stock Performance
Shares of NYSE UNM opened at $81.71 on Friday. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 0.82 and a beta of 0.24. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.35. Unum Group has a 1-year low of $68.28 and a 1-year high of $83.13. The stock’s 50-day moving average is $76.51 and its 200 day moving average is $76.06.
Unum Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, April 24th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, April 24th. Unum Group’s payout ratio is 40.00%.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on UNM shares. Zacks Research upgraded shares of Unum Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Bank of America decreased their price objective on Unum Group from $83.00 to $77.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Truist Financial raised their price objective on Unum Group from $88.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen raised Unum Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, UBS Group raised their price objective on Unum Group from $81.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.25.
Check Out Our Latest Analysis on UNM
Insiders Place Their Bets
In other Unum Group news, Director Cynthia Egan sold 9,000 shares of Unum Group stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $73.00, for a total value of $657,000.00. Following the transaction, the director directly owned 42,846 shares of the company’s stock, valued at $3,127,758. The trade was a 17.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lisa G. Iglesias sold 3,500 shares of Unum Group stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $73.00, for a total value of $255,500.00. Following the completion of the transaction, the executive vice president directly owned 29,453 shares in the company, valued at $2,150,069. This trade represents a 10.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,852 shares of company stock worth $2,552,414. 1.00% of the stock is currently owned by corporate insiders.
Unum Group Profile
Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.
In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.
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