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

Toth Financial Advisory Corp lowered its position in shares of Unum Group (NYSE:UNM) by 10.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 reporting period.

Several other large investors have also made changes to their positions in UNM. Brighton Jones LLC bought a new stake in shares of Unum Group during the fourth quarter worth approximately $247,000. Stratos Wealth Partners LTD. bought a new stake in shares of Unum Group during the fourth quarter worth approximately $216,000. Bleakley Financial Group LLC raised its stake in shares of Unum Group by 3.5% during the fourth quarter. Bleakley Financial Group LLC now owns 7,044 shares of the financial services provider’s stock worth $514,000 after buying an additional 235 shares during the last quarter. Savant Capital LLC raised its stake in shares of Unum Group by 1.0% during the fourth quarter. Savant Capital LLC now owns 46,344 shares of the financial services provider’s stock worth $3,385,000 after buying an additional 476 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its stake in shares of Unum Group by 47.3% during the fourth quarter. Summit Trail Advisors LLC now owns 8,094 shares of the financial services provider’s stock worth $591,000 after buying an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Down 1.3%

Unum Group stock opened at $80.43 on Tuesday. The stock has a market capitalization of $14.02 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.14 and a beta of 0.43. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $78.54 and a 200-day moving average of $77.03.

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

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend 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 presently 19.79%.

Unum Group announced that its Board of Directors has approved a share buyback program on Tuesday, February 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UNM shares. JPMorgan Chase & Co. boosted their price target on shares of Unum Group from $81.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. UBS Group set a $89.00 price target on shares of Unum Group and gave the stock a “neutral” rating in a research note on Friday, May 23rd. Raymond James raised shares of Unum Group from a “market perform” rating to a “strong-buy” rating and set a $108.00 price target for the company in a research note on Wednesday, March 5th. BMO Capital Markets boosted their price objective on shares of Unum Group from $95.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, March 3rd. Finally, Wall Street Zen cut shares of Unum Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average price target of $88.29.

Insider Transactions at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 51,170 shares of the company’s stock, valued at $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.92% of the stock is currently owned by insiders.

About Unum Group

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.