Unum Group (NYSE:UNM) Holdings Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Unum Group (NYSE:UNMGet Rating) by 170.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,749 shares of the financial services provider’s stock after purchasing an additional 50,856 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Unum Group were worth $2,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UNM. Comerica Bank raised its stake in shares of Unum Group by 1.5% during the first quarter. Comerica Bank now owns 99,764 shares of the financial services provider’s stock valued at $3,370,000 after purchasing an additional 1,480 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Unum Group in the first quarter worth about $258,000. Jones Financial Companies Lllp bought a new stake in Unum Group in the first quarter worth about $37,000. Mutual of America Capital Management LLC raised its position in Unum Group by 2.0% in the first quarter. Mutual of America Capital Management LLC now owns 186,433 shares of the financial services provider’s stock worth $5,875,000 after acquiring an additional 3,573 shares in the last quarter. Finally, WBI Investments Inc. raised its position in Unum Group by 184.5% in the first quarter. WBI Investments Inc. now owns 205,728 shares of the financial services provider’s stock worth $6,450,000 after acquiring an additional 133,411 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on UNM. Morgan Stanley boosted their price target on shares of Unum Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 2nd. StockNews.com began coverage on shares of Unum Group in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Unum Group from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, October 7th. The Goldman Sachs Group cut Unum Group from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research note on Wednesday. Finally, Truist Financial lifted their price target on Unum Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, October 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.60.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 5,400 shares of Unum Group stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $45.02, for a total transaction of $243,108.00. Following the transaction, the executive vice president now owns 45,381 shares of the company’s stock, valued at approximately $2,043,052.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Richard P. Mckenney sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $40.13, for a total value of $1,605,200.00. Following the completion of the sale, the chief executive officer now owns 950,367 shares of the company’s stock, valued at approximately $38,138,227.71. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christopher W. Pyne sold 5,400 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $45.02, for a total value of $243,108.00. Following the completion of the sale, the executive vice president now directly owns 45,381 shares of the company’s stock, valued at approximately $2,043,052.62. The disclosure for this sale can be found here. Insiders have sold a total of 65,400 shares of company stock valued at $2,648,308 in the last 90 days. 0.77% of the stock is currently owned by corporate insiders.

Unum Group Trading Down 1.4 %

NYSE:UNM opened at $40.00 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a fifty-two week low of $22.25 and a fifty-two week high of $46.64. The stock’s 50-day moving average is $41.73 and its two-hundred day moving average is $37.43. The stock has a market cap of $7.96 billion, a PE ratio of 6.78, a price-to-earnings-growth ratio of 0.53 and a beta of 1.16.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Friday, October 28th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, October 27th. This represents a $1.32 annualized dividend and a yield of 3.30%. Unum Group’s dividend payout ratio (DPR) is presently 22.37%.

Unum Group Profile

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Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. 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.

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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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