Allspring Global Investments Holdings LLC Has $77.51 Million Position in Unum Group (NYSE:UNM)

Allspring Global Investments Holdings LLC grew its holdings in Unum Group (NYSE:UNM - Free Report) by 202.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 945,271 shares of the financial services provider's stock after purchasing an additional 632,358 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.54% of Unum Group worth $77,512,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Unum Group by 10.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 140,367 shares of the financial services provider's stock worth $11,229,000 after buying an additional 13,204 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Unum Group during the 1st quarter worth approximately $216,000. Robeco Institutional Asset Management B.V. raised its holdings in Unum Group by 13.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 337,273 shares of the financial services provider's stock worth $27,474,000 after buying an additional 40,313 shares during the period. Perigon Wealth Management LLC acquired a new position in shares of Unum Group in the first quarter valued at approximately $227,000. Finally, Bessemer Group Inc. increased its position in shares of Unum Group by 3.2% during the first quarter. Bessemer Group Inc. now owns 6,744 shares of the financial services provider's stock worth $549,000 after acquiring an additional 208 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Performance

Unum Group stock traded up $0.14 during mid-day trading on Monday, hitting $80.60. 87,458 shares of the company's stock traded hands, compared to its average volume of 1,404,698. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.26 and a beta of 0.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Unum Group has a fifty-two week low of $49.63 and a fifty-two week high of $84.48. The firm has a 50 day simple moving average of $79.71 and a two-hundred day simple moving average of $77.37.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The business's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.12 earnings per share. On average, research analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 25th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. Unum Group's dividend payout ratio (DPR) is presently 19.79%.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the transaction, the executive vice president now owns 51,170 shares in the company, valued at $4,093,600. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by insiders.

Analyst Ratings Changes

UNM has been the topic of several research reports. UBS Group set a $89.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price target on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Raymond James Financial raised Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective for the company in a research report on Wednesday, March 5th. Piper Sandler increased their price objective on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods dropped their target price on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $88.29.

Unum Group Company 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.