Aviance Capital Partners LLC Has $2.62 Million Stock Position in Unum Group (NYSE:UNM)

Aviance Capital Partners LLC reduced its position in shares of Unum Group (NYSE:UNM - Free Report) by 22.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,136 shares of the financial services provider's stock after selling 9,215 shares during the quarter. Aviance Capital Partners LLC's holdings in Unum Group were worth $2,618,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp raised its stake in Unum Group by 4.0% during the 1st quarter. Fifth Third Bancorp now owns 3,558 shares of the financial services provider's stock worth $290,000 after buying an additional 136 shares during the period. Bessemer Group Inc. raised its stake in Unum Group by 2.2% during the 4th quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider's stock worth $478,000 after buying an additional 143 shares during the period. Kovitz Investment Group Partners LLC raised its stake in shares of Unum Group by 0.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider's stock worth $1,330,000 after purchasing an additional 147 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Unum Group by 7.3% in the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider's stock worth $225,000 after purchasing an additional 187 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its stake in shares of Unum Group by 2.1% in the fourth quarter. Belpointe Asset Management LLC now owns 9,151 shares of the financial services provider's stock worth $668,000 after purchasing an additional 189 shares during the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the 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 completion of the transaction, the executive vice president directly owned 51,170 shares of the company's stock, valued at approximately $4,093,600. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.92% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UNM shares. Barclays increased their price objective on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their price objective on Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company increased their price objective on Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday. Piper Sandler increased their price objective on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, UBS Group set a $89.00 price objective on Unum Group and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $88.86.

Unum Group Stock Performance

Shares of UNM opened at $82.05 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 1.27 and a beta of 0.41. The stock has a 50 day moving average of $80.04 and a 200 day moving average of $77.54. Unum Group has a 12 month low of $49.63 and a 12 month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period last year, the company posted $2.12 earnings per share. Unum Group's revenue for the quarter was down 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group's dividend payout ratio (DPR) is 19.79%.

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.

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