Unum Group (NYSE:UNM) Stock Position Raised by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in shares of Unum Group (NYSE:UNM) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,916 shares of the financial services provider’s stock after purchasing an additional 20,770 shares during the period. Quantinno Capital Management LP owned 0.11% of Unum Group worth $11,645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Unum Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider’s stock worth $326,950,000 after purchasing an additional 55,014 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Unum Group by 89.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock valued at $61,728,000 after acquiring an additional 571,436 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Unum Group by 5.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock valued at $70,511,000 after acquiring an additional 66,392 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Unum Group by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock valued at $44,609,000 after acquiring an additional 64,661 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Unum Group by 151.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after acquiring an additional 307,175 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Unum Group news, CEO Richard P. Mckenney sold 58,865 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,007,003 shares in the company, valued at $75,917,956.17. This represents a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total value of $104,340.00. Following the completion of the sale, the chief accounting officer now owns 8,361 shares in the company, valued at $581,591.16. This trade represents a 15.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,914 shares of company stock worth $7,998,745. Company insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UNM shares. Morgan Stanley raised their price objective on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $67.00 to $84.00 in a research note on Thursday, November 14th. Truist Financial raised their price objective on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Bank of America raised their target price on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price target on Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Four 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.73.

Unum Group Stock Performance

UNM opened at $75.67 on Thursday. The stock has a market cap of $13.82 billion, a PE ratio of 8.19, a P/E/G ratio of 1.09 and a beta of 0.79. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 1 year low of $42.09 and a 1 year high of $77.63. The stock’s 50 day simple moving average is $66.97 and its 200-day simple moving average is $58.01.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. Unum Group’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. Sell-side analysts forecast that Unum Group will post 8.53 EPS for the current year.

Unum Group Dividend Announcement

The company also recently disclosed 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. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, October 25th. Unum Group’s dividend payout ratio is presently 18.18%.

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.