Longboard Asset Management LP Takes Position in Unum Group (NYSE:UNM)

Longboard Asset Management LP purchased a new position in Unum Group (NYSE:UNM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,794 shares of the financial services provider’s stock, valued at approximately $277,000. Unum Group makes up about 0.7% of Longboard Asset Management LP’s holdings, making the stock its 4th largest position.

Several other large investors have also bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of Unum Group in the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Unum Group during the third quarter valued at $37,000. V Square Quantitative Management LLC lifted its stake in Unum Group by 38.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 194 shares during the period. Quarry LP boosted its holdings in Unum Group by 4,794.7% in the third quarter. Quarry LP now owns 930 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 911 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Unum Group by 26.4% in the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 160 shares during the period. 86.57% of the stock is owned by institutional investors.

Unum Group Stock Performance

UNM opened at $76.29 on Tuesday. The company has a 50 day simple moving average of $74.23 and a two-hundred day simple moving average of $64.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $13.93 billion, a P/E ratio of 8.26, a PEG ratio of 1.08 and a beta of 0.80. Unum Group has a 1-year low of $46.64 and a 1-year high of $77.69.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio is currently 18.18%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price target (up from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. Piper Sandler raised their target price on Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. UBS Group raised shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Finally, Barclays upped their target price on shares of Unum Group from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and an average price target of $79.00.

Insiders Place Their Bets

In related news, EVP Timothy Gerald Arnold sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the transaction, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 3,250 shares of Unum Group stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the transaction, the executive vice president now directly owns 50,762 shares of the company’s stock, valued at $3,554,355.24. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,914 shares of company stock worth $7,677,945. Corporate insiders own 0.93% of the company’s stock.

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.