Savant Capital LLC Sells 326 Shares of Unum Group (NYSE:UNM)

Savant Capital LLC lowered its position in shares of Unum Group (NYSE:UNM) by 4.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,601 shares of the financial services provider’s stock after selling 326 shares during the period. Savant Capital LLC’s holdings in Unum Group were worth $344,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Silver Oak Securities Incorporated bought a new position in shares of Unum Group in the 3rd quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new position in Unum Group during the fourth quarter valued at $25,000. Neo Ivy Capital Management bought a new stake in Unum Group in the third quarter worth $36,000. Daiwa Securities Group Inc. purchased a new stake in shares of Unum Group in the fourth quarter worth $36,000. Finally, CVA Family Office LLC bought a new position in shares of Unum Group during the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on UNM shares. The Goldman Sachs Group increased 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. upped their price objective on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Truist Financial boosted their price target on Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley increased their price objective 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and an average target price of $57.38.

Insider Activity

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, 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 in the company, valued at $52,922,409.95. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The disclosure for this sale can be found here. Insiders have sold 81,000 shares of company stock worth $4,018,100 in the last three months. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Performance

NYSE:UNM opened at $51.62 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50-day simple moving average of $51.55 and a two-hundred day simple moving average of $47.67. The firm has a market capitalization of $9.78 billion, a PE ratio of 7.67, a P/E/G 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.

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

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be paid a $0.365 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.83%. Unum Group’s dividend payout ratio (DPR) is presently 21.69%.

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.