Edgestream Partners L.P. Sells 96,993 Shares of Unum Group (NYSE:UNM)

Edgestream Partners L.P. cut its position in Unum Group (NYSE:UNM - Free Report) by 73.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,955 shares of the financial services provider's stock after selling 96,993 shares during the period. Edgestream Partners L.P.'s holdings in Unum Group were worth $2,847,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Rossby Financial LCC acquired a new position in Unum Group during the 1st quarter valued at about $46,000. Wayfinding Financial LLC acquired a new position in Unum Group during the 1st quarter valued at about $49,000. Millstone Evans Group LLC acquired a new position in Unum Group during the 4th quarter valued at about $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Unum Group by 60.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,282 shares of the financial services provider's stock valued at $104,000 after purchasing an additional 482 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in Unum Group during the 4th quarter valued at about $102,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Trading Up 0.1%

UNM stock traded up $0.08 during trading on Friday, reaching $81.09. The company had a trading volume of 739,647 shares, compared to its average volume of 1,330,089. Unum Group has a 52 week low of $51.80 and a 52 week high of $84.48. The company has a market cap of $14.14 billion, a P/E ratio of 9.55, a PEG ratio of 1.27 and a beta of 0.41. The business has a 50 day moving average of $80.36 and a 200 day moving average of $78.18. 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 (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the business posted $2.12 EPS. 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 fiscal year.

Unum Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 25th will be issued a $0.46 dividend. The ex-dividend date is Friday, July 25th. This represents a $1.84 annualized dividend and a yield of 2.27%. This is a boost from Unum Group's previous quarterly dividend of $0.42. Unum Group's dividend payout ratio (DPR) is currently 19.79%.

Insider Transactions at Unum Group

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UNM shares. Piper Sandler boosted their target price on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, July 3rd. Morgan Stanley boosted their target price on Unum Group from $83.00 to $85.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Wells Fargo & Company boosted their target price on Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price on Unum Group from $87.00 to $96.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, Barclays set a $96.00 price target on shares of Unum Group and gave the stock an "overweight" rating in a report on Monday, July 7th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Unum Group presently has an average rating of "Moderate Buy" and an average target price of $90.14.

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.