Toth Financial Advisory Corp Has $238,000 Stake in Unum Group (NYSE:UNM)

Toth Financial Advisory Corp trimmed its holdings in shares of Unum Group (NYSE:UNM) by 10.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,920 shares of the financial services provider’s stock after selling 330 shares during the quarter. Toth Financial Advisory Corp’s holdings in Unum Group were worth $238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bessemer Group Inc. grew its position in shares of Unum Group by 2.2% in the fourth quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 143 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Unum Group by 0.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider’s stock valued at $1,330,000 after purchasing an additional 147 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Unum Group by 1.4% in the fourth quarter. QRG Capital Management Inc. now owns 13,336 shares of the financial services provider’s stock valued at $974,000 after purchasing an additional 189 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of Unum Group by 2.1% in the fourth quarter. Belpointe Asset Management LLC now owns 9,151 shares of the financial services provider’s stock valued at $668,000 after purchasing an additional 189 shares during the last quarter. Finally, Sculati Wealth Management LLC grew its position in shares of Unum Group by 0.5% in the fourth quarter. Sculati Wealth Management LLC now owns 38,901 shares of the financial services provider’s stock valued at $2,841,000 after purchasing an additional 200 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total value of $800,000.00. Following the completion of the transaction, the executive vice president now owns 51,170 shares in the company, valued at approximately $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.92% of the stock is currently owned by corporate insiders.

Unum Group Stock Down 1.3%

NYSE UNM opened at $80.43 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $78.54 and its two-hundred day moving average is $77.03. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.14 and a beta of 0.43. Unum Group has a 1-year low of $48.38 and a 1-year high of $84.48.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.15). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same period in the previous year, the firm posted $2.12 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group declared that its Board of Directors has initiated a share buyback program on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group’s dividend payout ratio (DPR) is currently 19.79%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UNM shares. Raymond James raised Unum Group from a “market perform” rating to a “strong-buy” rating and set a $108.00 price target on the stock in a research report on Wednesday, March 5th. Morgan Stanley lifted their target price on Unum Group from $76.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Wall Street Zen downgraded Unum Group from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. BMO Capital Markets lifted their target price on Unum Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd. Finally, Piper Sandler lifted their target price on Unum Group from $87.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.29.

Unum Group Company 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.