D. Scott Neal Inc. Acquires Shares of 224,960 Unum Group (NYSE:UNM)

D. Scott Neal Inc. acquired a new stake in Unum Group (NYSE:UNMFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 224,960 shares of the financial services provider’s stock, valued at approximately $12,071,000. Unum Group accounts for about 7.9% of D. Scott Neal Inc.’s holdings, making the stock its 3rd biggest position.

A number of other hedge funds have also recently modified their holdings of the stock. Paragon Capital Management Ltd purchased a new stake in Unum Group during the first quarter worth $212,000. BTC Capital Management Inc. purchased a new stake in shares of Unum Group during the 1st quarter worth about $5,157,000. Wedmont Private Capital increased its stake in shares of Unum Group by 14.8% in the 1st quarter. Wedmont Private Capital now owns 5,346 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 691 shares in the last quarter. Polianta Ltd increased its stake in shares of Unum Group by 7.9% in the 1st quarter. Polianta Ltd now owns 21,900 shares of the financial services provider’s stock valued at $1,175,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Alaska Permanent Fund Corp raised its holdings in Unum Group by 16.1% in the 1st quarter. Alaska Permanent Fund Corp now owns 70,617 shares of the financial services provider’s stock worth $3,789,000 after purchasing an additional 9,814 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Wells Fargo & Company boosted their price target on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Morgan Stanley boosted their target price on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $57.38.

View Our Latest Stock Analysis on UNM

Unum Group Price Performance

Shares of NYSE UNM traded up $0.51 during mid-day trading on Friday, reaching $50.85. The company’s stock had a trading volume of 2,584,283 shares, compared to its average volume of 867,895. The stock has a 50-day moving average of $51.63 and a two-hundred day moving average of $49.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $9.63 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.07 and a beta of 0.83. Unum Group has a 1-year low of $41.75 and a 1-year high of $54.57.

Unum Group (NYSE:UNMGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. Unum Group’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.87 EPS. On average, equities research analysts anticipate that Unum Group will post 8.24 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, April 26th were issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.87%. The ex-dividend date was Thursday, April 25th. Unum Group’s payout ratio is currently 21.69%.

Insider Buying and Selling

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

Unum Group Company Profile

(Free Report)

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.

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

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