Swiss National Bank Increases Holdings in Unum Group (NYSE:UNM)

Posted by on May 13th, 2023

Swiss National Bank boosted its position in Unum Group (NYSE:UNM – Get Rating) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,900 shares of the financial services provider’s stock after buying an additional 6,000 shares during the quarter. Swiss National Bank owned approximately 0.24% of Unum Group worth $19,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Guardian Wealth Advisors LLC purchased a new stake in shares of Unum Group in the 3rd quarter valued at $27,000. Ellevest Inc. grew its stake in shares of Unum Group by 43.9% during the third quarter. Ellevest Inc. now owns 1,367 shares of the financial services provider’s stock valued at $53,000 after buying an additional 417 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Unum Group by 514.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,543 shares of the financial services provider’s stock worth $63,000 after buying an additional 1,292 shares during the period. New England Capital Financial Advisors LLC bought a new stake in shares of Unum Group in the 4th quarter valued at about $77,000. Finally, Ronald Blue Trust Inc. grew its position in Unum Group by 96.3% during the 4th quarter. Ronald Blue Trust Inc. now owns 2,927 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,436 shares during the last quarter. 79.64% of the stock is currently owned by institutional investors.

Unum Group Stock Performance

Shares of UNM stock opened at $43.97 on Friday. The company’s fifty day moving average price is $40.66 and its 200-day moving average price is $41.50. The stock has a market cap of $8.67 billion, a PE ratio of 6.23, a price-to-earnings-growth ratio of 0.71 and a beta of 1.06. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.37. Unum Group has a 12 month low of $31.11 and a 12 month high of $46.64.

Unum Group (NYSE:UNM – Get Rating) last posted its quarterly earnings data on Tuesday, May 2nd. The financial services provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.65 by $0.22. Unum Group had a net margin of 11.78% and a return on equity of 14.67%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. Unum Group’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities analysts expect that Unum Group will post 6.94 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, April 28th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, April 27th. Unum Group’s dividend payout ratio (DPR) is presently 18.70%.

Insider Buying and Selling at Unum Group

In other news, CAO Walter Lynn Rice, Jr. sold 2,800 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $44.71, for a total transaction of $125,188.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,119 shares in the company, valued at $318,290.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Christopher W. Pyne sold 5,579 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $44.82, for a total value of $250,050.78. Following the transaction, the executive vice president now directly owns 50,084 shares of the company’s stock, valued at approximately $2,244,764.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 2,800 shares of Unum Group stock in a transaction on Monday, May 8th. The stock was sold at an average price of $44.71, for a total value of $125,188.00. Following the completion of the sale, the chief accounting officer now directly owns 7,119 shares of the company’s stock, valued at approximately $318,290.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,351 shares of company stock worth $1,836,238. 0.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UNM. Morgan Stanley increased their price target on shares of Unum Group from $48.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. Keefe, Bruyette & Woods upgraded Unum Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $49.00 to $52.00 in a report on Tuesday, March 14th. Jefferies Financial Group upgraded Unum Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $50.00 in a report on Monday, March 20th. Citigroup raised Unum Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $49.00 to $53.00 in a research note on Wednesday, March 15th. Finally, Barclays raised their price target on Unum Group from $41.00 to $46.00 in a research note on Thursday, May 4th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Unum Group has a consensus rating of “Hold” and an average target price of $47.00.

About Unum Group

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Unum Group engages in the provision of financial protection benefits. Its services include disability, life, accident, critical illness, dental, vision, and other related services. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block, and Corporate. The Unum US segment focuses on group disability, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.

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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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