Unum Group (NYSE:UNM) Shares Acquired by Allspring Global Investments Holdings LLC

Posted by Defense World Staff on Oct 4th, 2023

Allspring Global Investments Holdings LLC lifted its position in Unum Group (NYSE:UNM – Free Report) by 23.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 314,299 shares of the financial services provider’s stock after purchasing an additional 60,613 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.16% of Unum Group worth $14,992,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its position in Unum Group by 4.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,607 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 234 shares during the period. New Mexico Educational Retirement Board grew its holdings in Unum Group by 12.7% during the 2nd quarter. New Mexico Educational Retirement Board now owns 38,200 shares of the financial services provider’s stock valued at $1,822,000 after buying an additional 4,300 shares during the last quarter. Naples Global Advisors LLC grew its holdings in Unum Group by 1.2% during the 2nd quarter. Naples Global Advisors LLC now owns 37,850 shares of the financial services provider’s stock valued at $1,805,000 after buying an additional 460 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Unum Group by 25.5% during the second quarter. Ritholtz Wealth Management now owns 48,774 shares of the financial services provider’s stock worth $2,327,000 after purchasing an additional 9,899 shares during the last quarter. Finally, My Legacy Advisors LLC acquired a new stake in shares of Unum Group during the second quarter worth $363,000. 79.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Unum Group

In related news, EVP Timothy Gerald Arnold sold 20,000 shares of the 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 transaction, the executive vice president now directly owns 72,061 shares in the company, valued at $3,603,050. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Unum Group news, EVP Christopher W. Pyne sold 3,750 shares of Unum Group stock in a transaction 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 transaction, the executive vice president now directly owns 46,334 shares of the company’s stock, valued at approximately $2,271,292.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Gerald Arnold sold 20,000 shares of Unum Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $50.00, for a total value of $1,000,000.00. Following the completion of the transaction, the executive vice president now owns 72,061 shares in the company, valued at approximately $3,603,050. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by insiders.

Unum Group Stock Down 2.0 %

Shares of UNM opened at $48.11 on Wednesday. The company has a 50-day moving average price of $49.07 and a two-hundred day moving average price of $45.75. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.37. The stock has a market cap of $9.41 billion, a price-to-earnings ratio of 6.67, a P/E/G ratio of 0.87 and a beta of 1.08. Unum Group has a 12 month low of $36.27 and a 12 month high of $51.15.

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

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, July 28th were given a dividend of $0.365 per share. The ex-dividend date was Thursday, July 27th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.03%. This is a positive change from Unum Group’s previous quarterly dividend of $0.33. Unum Group’s dividend payout ratio (DPR) is currently 20.25%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UNM. Jefferies Financial Group lifted their target price on Unum Group from $55.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Wells Fargo & Company lifted their target price on Unum Group from $62.00 to $63.00 and gave the company an “overweight” rating in a research note on Tuesday, August 15th. StockNews.com initiated coverage on Unum Group in a report on Thursday, August 17th. They set a “buy” rating on the stock. Morgan Stanley increased their price objective 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. Finally, Citigroup increased their target price on Unum Group from $56.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.78.

Get Our Latest Research Report on Unum Group

About Unum Group

(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.