Federated Hermes Inc. Has $1.76 Million Position in Unum Group (NYSE:UNM)

Federated Hermes Inc. cut its position in shares of Unum Group (NYSE:UNM) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,834 shares of the financial services provider’s stock after selling 2,456 shares during the quarter. Federated Hermes Inc.’s holdings in Unum Group were worth $1,756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caprock Group LLC increased its position in Unum Group by 3.0% during the fourth quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider’s stock worth $362,000 after buying an additional 230 shares during the last quarter. United Services Automobile Association raised its stake in Unum Group by 1.9% in the 3rd quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider’s stock valued at $616,000 after acquiring an additional 239 shares during the period. Private Trust Co. NA lifted its holdings in Unum Group by 12.0% during the 4th quarter. Private Trust Co. NA now owns 2,385 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 255 shares during the last quarter. Savant Capital LLC boosted its position in Unum Group by 3.5% during the third quarter. Savant Capital LLC now owns 7,927 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 266 shares during the period. Finally, Wedmont Private Capital increased its holdings in shares of Unum Group by 6.3% in the fourth quarter. Wedmont Private Capital now owns 4,655 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 274 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Trading Up 0.5 %

UNM opened at $51.01 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27. Unum Group has a fifty-two week low of $40.04 and a fifty-two week high of $54.57. The company’s 50 day moving average price is $51.38 and its two-hundred day moving average price is $47.66. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 1.02 and a beta of 0.87.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.07). Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Unum Group will post 8.18 earnings per share for the current year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.86%. The ex-dividend date is Thursday, April 25th. Unum Group’s payout ratio is presently 22.50%.

Insider Buying and Selling at Unum Group

In other news, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the sale, the chief financial officer now directly owns 122,246 shares of the company’s stock, valued at approximately $6,241,880.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Steven Andrew Zabel sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total value of $510,600.00. Following the transaction, the chief financial officer now directly owns 122,246 shares of the company’s stock, valued at approximately $6,241,880.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,000 shares of company stock valued at $4,018,100. 0.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Company upped their price objective on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley lifted their price target on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their price target on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and a consensus target price of $56.38.

Unum Group Profile

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.