Unum Group (NYSE:UNM) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its stake in Unum Group (NYSE:UNM) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,599 shares of the financial services provider’s stock after selling 470 shares during the period. Private Advisor Group LLC’s holdings in Unum Group were worth $2,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in 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. Mirae Asset Global Investments Co. Ltd. increased its stake in Unum Group by 8.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,273 shares of the financial services provider’s stock valued at $6,585,000 after purchasing an additional 8,439 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Unum Group by 21.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 34,967 shares of the financial services provider’s stock worth $2,078,000 after purchasing an additional 6,202 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Unum Group by 2.6% during the third quarter. State of Alaska Department of Revenue now owns 19,857 shares of the financial services provider’s stock worth $1,180,000 after purchasing an additional 500 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in Unum Group by 10.4% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,510 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 611 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 2.2 %

Unum Group stock opened at $76.43 on Wednesday. Unum Group has a twelve month low of $48.38 and a twelve month high of $79.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. The firm has a market cap of $13.96 billion, a PE ratio of 8.07, a P/E/G ratio of 1.14 and a beta of 0.80. The firm’s 50 day moving average price is $74.38 and its two-hundred day moving average price is $67.26.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. On average, research analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were paid a $0.42 dividend. The ex-dividend date was Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.20%. Unum Group’s payout ratio is 17.74%.

Unum Group announced that its board has initiated a share buyback plan on Tuesday, February 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Piper Sandler lifted their price target on Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley raised their price objective on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Monday. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Finally, Truist Financial raised their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.17.

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.