Swiss National Bank trimmed its position in shares of Unum Group (NYSE:UNM – Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 429,400 shares of the financial services provider’s stock after selling 53,500 shares during the period. Swiss National Bank owned 0.22% of Unum Group worth $16,987,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP purchased a new position in shares of Unum Group during the fourth quarter valued at $2,908,000. Tower Research Capital LLC TRC boosted its position in Unum Group by 271.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 28,110 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 20,534 shares during the period. Teacher Retirement System of Texas grew its stake in Unum Group by 3.2% during the 4th quarter. Teacher Retirement System of Texas now owns 90,952 shares of the financial services provider’s stock valued at $3,732,000 after acquiring an additional 2,862 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Unum Group by 2.1% in the 1st quarter. Arizona State Retirement System now owns 57,644 shares of the financial services provider’s stock valued at $2,280,000 after purchasing an additional 1,209 shares during the period. Finally, California Public Employees Retirement System lifted its position in shares of Unum Group by 3.4% in the fourth quarter. California Public Employees Retirement System now owns 498,094 shares of the financial services provider’s stock worth $20,437,000 after purchasing an additional 16,165 shares in the last quarter. 78.94% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have weighed in on UNM. Barclays upped their price objective on shares of Unum Group from $46.00 to $52.00 in a research note on Tuesday, July 11th. StockNews.com started coverage on Unum Group in a report on Thursday, August 17th. They set a “buy” rating for the company. Citigroup boosted their target price on Unum Group from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Truist Financial raised their price target on Unum Group from $54.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Morgan Stanley boosted their price target on Unum Group from $52.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, August 18th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.78.
Unum Group Stock Down 1.4 %
Shares of UNM stock opened at $48.37 on Wednesday. The company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 6.71, a PEG ratio of 0.87 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.29 and a current ratio of 0.29. The stock’s 50 day simple moving average is $48.08 and its 200 day simple moving average is $44.35. Unum Group has a twelve month low of $36.27 and a twelve month high of $51.15.
Unum Group (NYSE:UNM – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.19. The company had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.07 billion. Unum Group had a net margin of 11.90% and a return on equity of 15.10%. As a group, research analysts predict that Unum Group will post 7.66 EPS for the current year.
Unum Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, July 28th were given a dividend of $0.365 per share. This is a positive change from Unum Group’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, July 27th. This represents a $1.46 dividend on an annualized basis and a yield of 3.02%. Unum Group’s payout ratio is currently 20.25%.
Insider Buying and Selling at Unum Group
In other news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $45.00, for a total value of $450,000.00. Following the transaction, the executive vice president now directly owns 92,053 shares in the company, valued at $4,142,385. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Christopher W. Pyne sold 3,750 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $49.02, for a total value of $183,825.00. Following the completion of the sale, the executive vice president now directly owns 46,334 shares of the company’s stock, valued at $2,271,292.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. Following the transaction, the executive vice president now directly owns 92,053 shares in the company, valued at approximately $4,142,385. The disclosure for this sale can be found here. Insiders sold 38,750 shares of company stock worth $1,856,275 over the last ninety days. Company insiders own 0.77% of the company’s stock.
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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