As of the fourth quarter of 2023, SEI Investments Co. has increased its position in the shares of Unum Group (NYSE: UNM) by 13.9%, according to recent disclosure with the Securities and Exchange Commission (SEC). The financial services provider’s shareholders now own about 0.14% of Unum Group, equivalent to 278,459 shares with a total value of $11,425,000 as reported in the most recent quarter.
Investors can take note that as recently as May 19th, Unum Group announced quarterly dividends with record investors being paid out $0.33 per share. The company’s payout ratio stands at a modest 18.70%. With an annualized dividend yield currently at approximately 3.04%, this is sure to attract investors seeking to generate passive income from their stock assets.
There has been significant interest amongst equities research analysts on Unum Group in recent months. For example, Bloomberg.com highlights that Goldman Sachs Group analysts dropped the price target on UNM stocks from $51.00 to $45.00 while keeping their “neutral” rating on the stock last April 5th. StockNews.com initiated coverage on Unum Group in May giving a “buy” rating for the company’s stock performance.
On the other hand, Citigroup recently upgraded Unum Group from “neutral” to “buy”, raising their price target for UNM share prices from $49.00 to $53.00 last March 15th which raised investor confidence in its growth prospects.
Meanwhile, Jefferies Financial Group also raised its target price for the stock from $44.00 to $50.00 last March after upgrading it from a “hold” rating to a “buy”. Deepening investor sentiment was helped by Wells Fargo & Company initiating coverage on Unum Group late last April with an “overweight” rating and setting a $57.00 price objective reinforcing the confidence of its growing market value.
Overall, UNM maintains a consensus “Hold” rating amongst financial experts and an average target price of around $47.00 based on Bloomberg.com’s data. With potential upside to the current market price of Unum Group stock, investors may want to consider purchasing shares in this reputable financial services provider who has garnered significant interest among leading equities research analysts.UNM seems to be an invalid tickerPlease provide a valid TickerUnum Group: Recent Shareholder Activities and Financial Updates
Unum Group, a financial services provider, has recently experienced a series of changes as several hedge funds and institutional investors made adjustments to their positions in the company. Guardian Wealth Advisors LLC, for instance, acquired a new stake worth around $27,000 during the third quarter. Whittier Trust Co. of Nevada Inc., on the other hand, significantly raised its stake in Unum Group by 514.7% during the fourth quarter after purchasing an additional 1,292 shares worth $63,000. New England Capital Financial Advisors LLC also acquired a new position in the company worth $77,000 during the same period. Ronald Blue Trust Inc. then raised its stake in Unum Group by 96.3% to $114,000 by acquiring an additional 1,436 shares during the fourth quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Unum Group by 39.9% during the third quarter with another additional purchase of 931 shares totalling approximately $127,000.
It was also reported that EVP Christopher W. Pyne sold 5,579 shares of the business’s stock at an average price of $44.82 last May 8th totalling up to $250,050.78. Following this sale is executive Vice President Pyne’s current total of 50,084 shares amounting to approximately $2,244,764.88 at present time.
Aside from these updates on shareholders’ activities and key personnel movement such as this EVP Christopher W.Pyne trade and Director Gloria C.Larson buy last March where she reportedly bought 3,270 shares with an average price per share amounting to $39..78 totalling up to $130T80r.l6; Unum Group has also recently announced its quarterly dividend paying stockholders with a dividend of $0.33 per share which represents an annualized dividend yield of 3.04%.
The company which opened at $43.48 on a Friday has a debt-to-equity ratio of 0.37 as well as a quick and current ratio of 0.28. Unum Group has a market capitalization of $8.57 billion, a P/E ratio of 6.16, and a beta of 1.08.
Most recently, the financial services provider reported earnings per share for the first quarter that surpassed the consensus estimate by $0.22 earning about $1 .87 per share beating out expectations and indicating success for investors with some risk tolerance.
All in all, these changes suggest that Unum Group remains an attractive investment option for investors who are keen on identifying good value stocks amidst various movements in today’s stock market landscape with notable beneficial share acquisition yields making it both worth considering for critical decision-makers looking into the matter closely and minimally eye-catching enough to keep interested parties curious about potential economic trend shifts in the context with this financial institution as time progresses beyond this report’s publication date of June 2nd,2023
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