Unum Group (NYSE:UNM) Shares Sold by Cambridge Investment Research Advisors Inc.

Posted by Defense World Staff on Oct 3rd, 2023

Cambridge Investment Research Advisors Inc. lowered its position in shares of Unum Group (NYSE:UNM – Free Report) by 23.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,845 shares of the financial services provider’s stock after selling 10,538 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Unum Group were worth $1,614,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UNM. Financial Management Professionals Inc. boosted its stake in Unum Group by 2,262.1% during the second quarter. Financial Management Professionals Inc. now owns 685 shares of the financial services provider’s stock valued at $33,000 after buying an additional 656 shares in the last quarter. Ahrens Investment Partners LLC acquired a new position in shares of Unum Group in the 1st quarter valued at $44,000. CVA Family Office LLC boosted its position in shares of Unum Group by 37.8% in the 2nd quarter. CVA Family Office LLC now owns 1,075 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 295 shares during the period. Machina Capital S.A.S. acquired a new position in shares of Unum Group in the 1st quarter valued at $63,000. Finally, Allworth Financial LP boosted its position in shares of Unum Group by 197.6% in the 1st quarter. Allworth Financial LP now owns 1,860 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,235 shares during the period. Institutional investors own 79.37% of the company’s stock.

Unum Group Trading Down 0.2 %

Shares of NYSE UNM opened at $49.09 on Tuesday. Unum Group has a one year low of $36.27 and a one year high of $51.15. The firm has a market capitalization of $9.60 billion, a PE ratio of 6.81, a PEG ratio of 0.87 and a beta of 1.09. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $49.08 and a two-hundred day moving average price of $45.67.

Unum Group (NYSE:UNM – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The financial services provider reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.19. Unum Group had a return on equity of 15.10% and a net margin of 11.90%. The company had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.07 billion. As a group, analysts predict that Unum Group will post 7.73 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, July 28th were paid a dividend of $0.365 per share. The ex-dividend date was Thursday, July 27th. This is an increase from Unum Group’s previous quarterly dividend of $0.33. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.97%. Unum Group’s dividend payout ratio (DPR) is 20.25%.

Insider Transactions at Unum Group

In other news, EVP Timothy Gerald Arnold sold 20,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $50.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the executive vice president now directly owns 72,061 shares of the company’s stock, valued at approximately $3,603,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Timothy Gerald Arnold sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $50.00, for a total value of $1,000,000.00. Following the transaction, the executive vice president now directly owns 72,061 shares of the company’s stock, valued at approximately $3,603,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 3,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $49.02, for a total value of $183,825.00. Following the completion of the transaction, the executive vice president now directly owns 46,334 shares in the company, valued at $2,271,292.68. The disclosure for this sale can be found here. Company insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley increased their price target on Unum Group from $52.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday, August 18th. Jefferies Financial Group increased their price target on Unum Group from $55.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. StockNews.com assumed coverage on Unum Group in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Barclays increased their price target on Unum Group from $46.00 to $52.00 in a research report on Tuesday, July 11th. Finally, Truist Financial increased their price target on Unum Group from $54.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and an average price target of $53.78.

View Our Latest Stock Report on Unum Group

Unum Group Company Profile

(Free Report)

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.