Unum Group (NYSE:UNM) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its stake in shares of Unum Group (NYSE:UNM) by 14.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,072 shares of the financial services provider’s stock after selling 1,043 shares during the period. Atria Wealth Solutions Inc.’s holdings in Unum Group were worth $275,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. NewSquare Capital LLC lifted its holdings in shares of Unum Group by 4.6% during the fourth quarter. NewSquare Capital LLC now owns 228,132 shares of the financial services provider’s stock valued at $10,177,000 after purchasing an additional 10,021 shares during the last quarter. Nordea Investment Management AB lifted its stake in Unum Group by 79.8% during the fourth quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider’s stock valued at $88,616,000 after buying an additional 866,531 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Unum Group by 14.9% in the third quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider’s stock worth $10,963,000 after buying an additional 28,898 shares during the period. Boone Capital Management LLC increased its position in shares of Unum Group by 1.2% in the third quarter. Boone Capital Management LLC now owns 867,565 shares of the financial services provider’s stock worth $42,676,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Unum Group by 91.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 63,810 shares of the financial services provider’s stock valued at $3,138,000 after acquiring an additional 30,555 shares during the period. 86.57% of the stock is owned by institutional investors.

Insider Buying and Selling at Unum Group

In other news, CFO Steven Andrew Zabel sold 10,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total transaction of $510,600.00. Following the transaction, the chief financial officer now owns 122,246 shares of the company’s stock, valued at approximately $6,241,880.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction on Friday, March 1st. The shares were sold at an average price of $49.15, for a total value of $2,457,500.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven Andrew Zabel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total transaction of $510,600.00. Following the sale, the chief financial officer now owns 122,246 shares of the company’s stock, valued at $6,241,880.76. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock worth $4,018,100 over the last three months. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UNM. Truist Financial raised their price objective on shares of Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. The Goldman Sachs Group lifted their price target on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Wells Fargo & Company increased their price objective 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 target price on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.38.

Unum Group Trading Up 0.2 %

NYSE:UNM opened at $52.58 on Thursday. The company has a market capitalization of $9.96 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.28 and a beta of 0.87. The stock’s 50 day moving average price is $51.74 and its 200 day moving average price is $47.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a 52 week low of $41.75 and a 52 week high of $54.57.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.87 earnings per share. On average, research analysts forecast that Unum Group will post 8.19 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, April 25th. Unum Group’s payout ratio is 21.69%.

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.