Ameritas Investment Partners Inc. Sells 1,183 Shares of Unum Group $UNM

Ameritas Investment Partners Inc. cut its holdings in shares of Unum Group (NYSE:UNM) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,521 shares of the financial services provider’s stock after selling 1,183 shares during the period. Ameritas Investment Partners Inc.’s holdings in Unum Group were worth $4,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of UNM. Quintet Private Bank Europe S.A. bought a new position in Unum Group in the second quarter valued at approximately $28,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Unum Group in the 1st quarter valued at $30,000. Legacy Investment Solutions LLC acquired a new position in shares of Unum Group in the 2nd quarter valued at $30,000. Atwood & Palmer Inc. boosted its position in shares of Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Unum Group during the first quarter worth $35,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Wells Fargo & Company reduced their price objective on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Wolfe Research upgraded shares of Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Unum Group in a report on Wednesday, November 19th. Finally, Evercore ISI lifted their price target on shares of Unum Group from $96.00 to $99.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and a consensus price target of $94.67.

Insider Buying and Selling at Unum Group

In related news, EVP Steven Andrew Zabel sold 7,500 shares of Unum Group stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total value of $572,850.00. Following the sale, the executive vice president owned 113,807 shares of the company’s stock, valued at approximately $8,692,578.66. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher W. Pyne sold 4,000 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $78.04, for a total value of $312,160.00. Following the transaction, the executive vice president directly owned 51,372 shares of the company’s stock, valued at $4,009,070.88. This trade represents a 7.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.92% of the stock is currently owned by insiders.

Unum Group Stock Down 0.1%

UNM stock opened at $75.61 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $12.65 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.23 and a beta of 0.37. Unum Group has a fifty-two week low of $66.81 and a fifty-two week high of $84.48. The business has a 50-day moving average of $76.40 and a 200-day moving average of $76.70.

Unum Group (NYSE:UNM) last released its earnings results on Monday, November 3rd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.06). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 EPS. Unum Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 24th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is 35.87%.

Unum Group 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.