Unum Group (NYSE:UNM) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Unum Group (NYSE:UNM) by 31.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,960 shares of the financial services provider’s stock after purchasing an additional 70,482 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Unum Group worth $21,687,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its position in shares of Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after acquiring an additional 307,175 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Unum Group by 50.0% during the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock worth $29,554,000 after acquiring an additional 156,380 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Unum Group by 183.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 170,100 shares of the financial services provider’s stock worth $8,694,000 after acquiring an additional 110,100 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Unum Group by 5,844.0% during the third quarter. International Assets Investment Management LLC now owns 101,048 shares of the financial services provider’s stock worth $6,006,000 after acquiring an additional 99,348 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of Unum Group by 69.5% during the third quarter. Algert Global LLC now owns 236,264 shares of the financial services provider’s stock worth $14,044,000 after acquiring an additional 96,916 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Richard P. Mckenney sold 58,865 shares of Unum Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the sale, the chief executive officer now owns 1,007,003 shares of the company’s stock, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total value of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,914 shares of company stock valued at $7,677,945. Insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 target price (up from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Truist Financial lifted their target price on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their price target on Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. BMO Capital Markets assumed coverage on Unum Group in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $91.00 price target for the company. Finally, Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Unum Group Stock Performance

Shares of UNM stock opened at $76.25 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $74.23 and a two-hundred day moving average of $64.52. Unum Group has a 52 week low of $46.39 and a 52 week high of $77.69. The company has a market cap of $13.92 billion, a P/E ratio of 8.25, a PEG ratio of 1.09 and a beta of 0.81.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. Unum Group’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, analysts anticipate that Unum Group will post 8.54 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

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.