International Assets Investment Management LLC cut its stake in Unum Group (NYSE:UNM – Free Report) by 51.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,640 shares of the financial services provider’s stock after selling 3,927 shares during the quarter. International Assets Investment Management LLC’s holdings in Unum Group were worth $144,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Unum Group by 514.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,543 shares of the financial services provider’s stock worth $63,000 after buying an additional 1,292 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Unum Group during the 1st quarter worth about $67,000. Allworth Financial LP raised its position in shares of Unum Group by 197.6% during the 1st quarter. Allworth Financial LP now owns 1,860 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,235 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new position in shares of Unum Group during the 4th quarter worth about $77,000. Finally, Ronald Blue Trust Inc. raised its position in shares of Unum Group by 96.3% during the 4th quarter. Ronald Blue Trust Inc. now owns 2,927 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,436 shares during the last quarter. 78.94% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, CAO Walter Lynn Rice, Jr. sold 2,800 shares of Unum Group stock in a transaction on Monday, May 8th. The stock was sold at an average price of $44.71, for a total value of $125,188.00. Following the completion of the sale, the chief accounting officer now directly owns 7,119 shares of the company’s stock, valued at $318,290.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Michael Q. Simonds sold 18,000 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $43.72, for a total transaction of $786,960.00. Following the completion of the transaction, the chief operating officer now directly owns 222,088 shares of the company’s stock, valued at approximately $9,709,687.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 2,800 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $44.71, for a total value of $125,188.00. Following the transaction, the chief accounting officer now directly owns 7,119 shares of the company’s stock, valued at $318,290.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,988 shares of company stock valued at $2,513,529. 0.94% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Unum Group Price Performance
Shares of UNM opened at $47.97 on Thursday. Unum Group has a 1-year low of $31.19 and a 1-year high of $48.35. The stock has a market cap of $9.45 billion, a PE ratio of 6.79, a P/E/G ratio of 0.76 and a beta of 1.09. The firm has a 50-day simple moving average of $45.16 and a two-hundred day simple moving average of $42.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.28 and a quick ratio of 0.28.
Unum Group (NYSE:UNM – Free Report) last announced its quarterly earnings results on Tuesday, May 2nd. The financial services provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.22. Unum Group had a net margin of 11.78% and a return on equity of 14.67%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the business earned $1.36 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts forecast that Unum Group will post 7.49 EPS for the current year.
Unum Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, April 28th were paid a $0.33 dividend. The ex-dividend date was Thursday, April 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.75%. Unum Group’s payout ratio is presently 18.70%.
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 and Corporate segments. 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.
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