MBM Wealth Consultants LLC Buys 209 Shares of Unum Group (NYSE:UNM)

MBM Wealth Consultants LLC grew its stake in Unum Group (NYSE:UNM) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,594 shares of the financial services provider’s stock after buying an additional 209 shares during the period. MBM Wealth Consultants LLC’s holdings in Unum Group were worth $408,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV increased its stake in Unum Group by 17.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,473 shares of the financial services provider’s stock valued at $917,000 after acquiring an additional 2,559 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Unum Group during the 2nd quarter valued at about $210,000. Intech Investment Management LLC lifted its position in Unum Group by 468.5% in the 2nd quarter. Intech Investment Management LLC now owns 28,605 shares of the financial services provider’s stock worth $1,462,000 after buying an additional 23,573 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Unum Group by 2.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider’s stock worth $518,000 after buying an additional 217 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in Unum Group during the second quarter valued at approximately $236,000. Institutional investors own 86.57% of the company’s stock.

Unum Group Stock Performance

NYSE:UNM opened at $75.41 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm’s fifty day simple moving average is $73.69 and its 200 day simple moving average is $63.14. The stock has a market cap of $13.77 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. Unum Group has a twelve month low of $46.16 and a twelve month high of $77.63.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts predict that Unum Group will post 8.54 EPS for the current year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group’s payout ratio is presently 18.18%.

Insider Activity

In other news, EVP Lisa G. Iglesias sold 5,000 shares of Unum Group stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the completion of the transaction, the executive vice president now directly owns 35,840 shares in the company, valued at approximately $2,602,342.40. This trade represents a 12.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the executive vice president now owns 54,827 shares in the company, valued at $4,217,292.84. The trade was a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 107,914 shares of company stock worth $7,998,745 in the last quarter. 0.93% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UNM shares. Jefferies Financial Group upped their price objective on shares of Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company upped their price target on shares of Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Piper Sandler lifted their price objective on Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and increased their target price for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Finally, UBS Group raised Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.45.

Unum Group 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.