Amalgamated Bank Trims Stake in Unum Group (NYSE:UNM)

Amalgamated Bank lessened its position in Unum Group (NYSE:UNM) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,519 shares of the financial services provider’s stock after selling 5,113 shares during the quarter. Amalgamated Bank’s holdings in Unum Group were worth $6,173,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Silver Oak Securities Incorporated bought a new stake in Unum Group in the third quarter worth about $25,000. Contravisory Investment Management Inc. bought a new position in shares of Unum Group during the fourth quarter valued at approximately $25,000. Neo Ivy Capital Management purchased a new stake in shares of Unum Group in the third quarter worth approximately $36,000. Daiwa Securities Group Inc. bought a new stake in shares of Unum Group during the 4th quarter worth approximately $36,000. Finally, CVA Family Office LLC purchased a new position in Unum Group during the 4th quarter valued at $49,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on UNM. Morgan Stanley increased their target price on Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. The Goldman Sachs Group boosted their price objective on shares of Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Truist Financial raised their price objective on Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $57.38.

Unum Group Trading Down 0.1 %

NYSE UNM opened at $51.62 on Monday. The firm has a market cap of $9.78 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. Unum Group has a 52 week low of $41.75 and a 52 week high of $54.57. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $51.55 and a 200 day moving average price of $47.67.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm posted $1.87 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Unum Group will post 8.19 EPS for the current fiscal year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.83%. The ex-dividend date is Thursday, April 25th. Unum Group’s dividend payout ratio is presently 21.69%.

Insider Transactions at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at $2,772,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the sale, the chief executive officer now owns 1,076,753 shares of the company’s stock, valued at $52,922,409.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,000 shares of company stock worth $4,018,100. Insiders own 0.93% of the company’s stock.

Unum Group Company 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.