Choreo LLC Sells 1,929 Shares of Unum Group (NYSE:UNM)

Choreo LLC lessened its position in shares of Unum Group (NYSE:UNM) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,056 shares of the financial services provider’s stock after selling 1,929 shares during the period. Choreo LLC’s holdings in Unum Group were worth $588,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UNM. Jacobs Levy Equity Management Inc. raised its stake in Unum Group by 151.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after purchasing an additional 307,175 shares in the last quarter. Franklin Resources Inc. increased its holdings 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 purchasing an additional 156,380 shares during the period. International Assets Investment Management LLC raised its position in shares of Unum Group by 5,844.0% in the third quarter. International Assets Investment Management LLC now owns 101,048 shares of the financial services provider’s stock valued at $6,006,000 after buying an additional 99,348 shares in the last quarter. Algert Global LLC boosted its stake in shares of Unum Group by 69.5% in the third quarter. Algert Global LLC now owns 236,264 shares of the financial services provider’s stock valued at $14,044,000 after buying an additional 96,916 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Unum Group in the third quarter valued at approximately $5,021,000. Institutional investors own 86.57% of the company’s stock.

Insider Activity

In other Unum Group news, EVP Lisa G. Iglesias sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the sale, the executive vice president now directly owns 35,840 shares of the company’s stock, valued at $2,602,342.40. The trade was a 12.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gloria C. Larson sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $74.50, for a total transaction of $745,000.00. Following the transaction, the director now directly owns 121,491 shares of the company’s stock, valued at $9,051,079.50. The trade was a 7.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 98,164 shares of company stock valued at $7,346,040 over the last quarter. 0.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

UNM has been the subject of several analyst reports. Morgan Stanley lifted their price objective on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 price objective (up previously from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Truist Financial raised their target price on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group upped their price target on shares of Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.45.

Unum Group Price Performance

Shares of NYSE:UNM opened at $75.24 on Wednesday. The firm has a 50 day simple moving average of $74.21 and a 200 day simple moving average of $65.80. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 1.17 and a beta of 0.80. Unum Group has a one year low of $47.65 and a one year high of $79.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Research analysts predict that Unum Group will post 9.12 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The company 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. This represents a $1.68 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is currently 17.74%.

About Unum Group

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.