Artemis Investment Management LLP Sells 195,055 Shares of Unum Group (NYSE:UNM)

Artemis Investment Management LLP cut its stake in Unum Group (NYSE:UNM - Free Report) by 86.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,393 shares of the financial services provider's stock after selling 195,055 shares during the period. Artemis Investment Management LLP's holdings in Unum Group were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Unum Group by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock worth $1,496,939,000 after acquiring an additional 1,596,078 shares during the last quarter. Norges Bank bought a new position in shares of Unum Group in the fourth quarter worth about $1,003,918,000. Charles Schwab Investment Management Inc. raised its stake in shares of Unum Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock worth $405,481,000 after acquiring an additional 51,744 shares during the last quarter. Northern Trust Corp raised its stake in shares of Unum Group by 33.2% in the fourth quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider's stock worth $140,973,000 after acquiring an additional 480,926 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Unum Group by 15.4% during the fourth quarter. First Trust Advisors LP now owns 1,708,452 shares of the financial services provider's stock worth $124,768,000 after buying an additional 227,644 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNM has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Piper Sandler boosted their price target on shares of Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Wall Street Zen downgraded shares of Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley boosted their price target on shares of Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company boosted their price target on shares of Unum Group from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $88.29.

Insider Activity

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

Unum Group Stock Up 1.0%

Shares of NYSE UNM opened at $80.47 on Friday. The stock has a market cap of $14.03 billion, a P/E ratio of 9.48, a P/E/G ratio of 1.25 and a beta of 0.43. The firm has a 50 day moving average price of $79.71 and a 200 day moving average price of $77.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a 52-week low of $49.63 and a 52-week high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). The firm had revenue of $3.09 billion for 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 firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 EPS. Analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group's dividend payout ratio (DPR) is presently 19.79%.

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.

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