Lifestyle Asset Management Inc. Boosts Holdings in Unum Group (NYSE:UNM)

Lifestyle Asset Management Inc. lifted its stake in Unum Group (NYSE:UNM) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,714 shares of the financial services provider’s stock after purchasing an additional 360 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Unum Group were worth $1,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of UNM. GAMMA Investing LLC raised its stake in shares of Unum Group by 7.1% during the 1st quarter. GAMMA Investing LLC now owns 3,071 shares of the financial services provider’s stock worth $165,000 after buying an additional 204 shares during the period. Caprock Group LLC increased its position in shares of Unum Group by 3.0% during the fourth quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 230 shares in the last quarter. United Services Automobile Association increased its position in shares of Unum Group by 1.9% during the third quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 239 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Unum Group by 2.8% during the fourth quarter. Bank of Nova Scotia now owns 9,193 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 249 shares in the last quarter. Finally, SummerHaven Investment Management LLC increased its position in shares of Unum Group by 1.7% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,373 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In related news, Director Timothy F. Keaney sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total transaction of $420,880.00. Following the transaction, the director now owns 37,505 shares in the company, valued at approximately $1,973,138.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Unum Group news, Director Timothy F. Keaney sold 8,000 shares of Unum Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total value of $420,880.00. Following the transaction, the director now directly owns 37,505 shares in the company, valued at approximately $1,973,138.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now owns 56,262 shares in the company, valued at $2,952,067.14. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

UNM has been the subject of several analyst reports. Truist Financial upped their target price on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. increased their price target on Unum Group from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley increased their price target on Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Evercore ISI increased their price target on Unum Group from $56.00 to $58.00 and gave the stock an “in-line” rating in a report on Wednesday, June 26th. Finally, Wells Fargo & Company increased their price target on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.56.

Unum Group Trading Down 1.7 %

UNM traded down $0.87 during mid-day trading on Wednesday, hitting $50.62. 746,533 shares of the stock were exchanged, compared to its average volume of 1,264,437. The firm’s fifty day moving average is $51.61 and its two-hundred day moving average is $49.86. Unum Group has a 1-year low of $41.75 and a 1-year high of $54.57. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. The company has a market cap of $9.59 billion, a PE ratio of 7.52, a PEG ratio of 1.08 and a beta of 0.81.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. Unum Group’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 EPS. Equities analysts forecast that Unum Group will post 8.25 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, April 26th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Thursday, April 25th. Unum Group’s dividend payout ratio (DPR) is presently 21.69%.

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.