Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Lowers Stock Holdings in Unum Group (NYSE:UNM)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its position in Unum Group (NYSE:UNMGet Rating) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,098 shares of the financial services provider’s stock after selling 1,015 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Unum Group were worth $431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its holdings in shares of Unum Group by 74.9% in the third quarter. Allworth Financial LP now owns 843 shares of the financial services provider’s stock worth $33,000 after buying an additional 361 shares in the last quarter. Lindbrook Capital LLC raised its stake in Unum Group by 39.0% in the second quarter. Lindbrook Capital LLC now owns 1,409 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 395 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in Unum Group by 229.1% in the third quarter. Ronald Blue Trust Inc. now owns 1,491 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,038 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Unum Group in the second quarter valued at approximately $65,000. Finally, Private Trust Co. NA raised its stake in Unum Group by 185.5% in the third quarter. Private Trust Co. NA now owns 1,673 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,087 shares in the last quarter. 79.64% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Up 1.3 %

Shares of Unum Group stock opened at $40.30 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a 52-week low of $24.23 and a 52-week high of $46.64. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 6.83, a P/E/G ratio of 0.52 and a beta of 1.10. The company’s 50 day moving average price is $40.77 and its 200-day moving average price is $39.53.

Unum Group (NYSE:UNMGet Rating) last issued its earnings results on Tuesday, November 1st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.11. Unum Group had a net margin of 9.98% and a return on equity of 11.38%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Equities research analysts forecast that Unum Group will post 6.23 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, January 27th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Thursday, January 26th. Unum Group’s payout ratio is 22.37%.

Unum Group declared that its Board of Directors has approved a stock repurchase plan on Thursday, December 1st that permits the company to buyback $200.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UNM shares. StockNews.com started coverage on shares of Unum Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Unum Group from $36.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, October 7th. Truist Financial raised their target price on shares of Unum Group from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 7th. Morgan Stanley increased their price target on shares of Unum Group from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 10th. Finally, The Goldman Sachs Group cut shares of Unum Group from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Wednesday, November 16th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Unum Group has a consensus rating of “Hold” and an average target price of $41.44.

Insider Buying and Selling

In related news, EVP Christopher W. Pyne sold 5,400 shares of the firm’s stock in a transaction on Friday, November 4th. The stock was 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 owns 45,381 shares of the company’s stock, valued at $2,043,052.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Unum Group news, EVP Puneet Bhasin sold 10,725 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $41.03, for a total transaction of $440,046.75. Following the completion of the transaction, the executive vice president now owns 57,217 shares of the company’s stock, valued at $2,347,613.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher W. Pyne sold 5,400 shares of the firm’s stock in a transaction 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 transaction, 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. 0.77% of the stock is currently owned by insiders.

About Unum Group

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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.

See Also

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

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