IFG Advisory LLC Acquires 20,475 Shares of Unum Group (NYSE:UNM)

IFG Advisory LLC increased its holdings in Unum Group (NYSE:UNM) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,443 shares of the financial services provider’s stock after purchasing an additional 20,475 shares during the period. IFG Advisory LLC’s holdings in Unum Group were worth $5,175,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Resurgent Financial Advisors LLC bought a new position in Unum Group during the second quarter valued at $25,000. Silver Oak Securities Incorporated bought a new position in Unum Group during the third quarter valued at $25,000. Contravisory Investment Management Inc. bought a new position in Unum Group during the fourth quarter valued at $25,000. Huntington National Bank increased its position in Unum Group by 1,076.4% during the second quarter. Huntington National Bank now owns 647 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 592 shares during the last quarter. Finally, Bangor Savings Bank increased its position in Unum Group by 100.0% during the third quarter. Bangor Savings Bank now owns 664 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 332 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling at Unum Group

In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total transaction of $510,600.00. Following the completion of the sale, the chief financial officer now directly owns 122,246 shares of the company’s stock, valued at $6,241,880.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total transaction of $510,600.00. Following the transaction, the chief financial officer now owns 122,246 shares in the company, valued at $6,241,880.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,000 shares of company stock valued at $4,018,100. 0.94% of the stock is currently owned by insiders.

Unum Group Stock Up 1.0 %

NYSE:UNM opened at $53.66 on Thursday. Unum Group has a 1-year low of $38.34 and a 1-year high of $53.82. The company has a 50-day moving average of $49.35 and a 200 day moving average of $47.23. The firm has a market cap of $10.28 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 0.78 and a beta of 0.86. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same period last year, the company earned $1.43 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts anticipate that Unum Group will post 8.18 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, January 26th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Thursday, January 25th. Unum Group’s payout ratio is 22.50%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UNM. JPMorgan Chase & Co. upgraded shares of Unum Group from a “neutral” rating to an “overweight” rating and set a $55.00 price objective on the stock in a research report on Wednesday, January 3rd. Wells Fargo & Company boosted their target price on shares of Unum Group from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.88.

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.