Savant Capital LLC Cuts Stock Position in Unum Group (NYSE:UNM)

Savant Capital LLC decreased its holdings in shares of Unum Group (NYSE:UNM) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,601 shares of the financial services provider’s stock after selling 326 shares during the period. Savant Capital LLC’s holdings in Unum Group were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Caprock Group LLC increased its holdings in Unum Group by 3.0% in the 4th quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 230 shares during the last quarter. United Services Automobile Association increased its holdings in shares of Unum Group by 1.9% in the 3rd quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider’s stock valued at $616,000 after acquiring an additional 239 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in Unum Group by 1.7% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,373 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 251 shares in the last quarter. Private Trust Co. NA raised its stake in Unum Group by 12.0% during the 4th quarter. Private Trust Co. NA now owns 2,385 shares of the financial services provider’s stock worth $108,000 after acquiring an additional 255 shares in the last quarter. Finally, Wedmont Private Capital increased its position in shares of Unum Group by 6.3% during the fourth quarter. Wedmont Private Capital now owns 4,655 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Stock Performance

Shares of UNM opened at $51.62 on Monday. The company has a market capitalization of $9.78 billion, a PE ratio of 7.67, a P/E/G ratio of 1.28 and a beta of 0.87. Unum Group has a 52-week low of $41.75 and a 52-week high of $54.57. The company has a 50-day simple moving average of $51.55 and a 200-day simple moving average of $47.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the business posted $1.87 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts predict that Unum Group will post 8.19 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.365 per share. The ex-dividend date is Thursday, April 25th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.83%. Unum Group’s dividend payout ratio (DPR) is 21.69%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UNM. The Goldman Sachs Group lifted their target price on shares of Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company upped their price target on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Morgan Stanley lifted their price objective on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, Truist Financial raised their target price on shares of Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $57.38.

Insider Buying and Selling

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the sale, the chief executive officer now owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the sale, the chief executive officer now directly owns 1,076,753 shares in the company, valued at $52,922,409.95. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock worth $4,018,100 in the last ninety days. Insiders own 0.93% of the company’s stock.

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.