First Horizon Advisors Inc. Cuts Stock Holdings in Unum Group (NYSE:UNM)

First Horizon Advisors Inc. cut its stake in shares of Unum Group (NYSE:UNM - Free Report) by 91.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,087 shares of the financial services provider's stock after selling 75,813 shares during the period. First Horizon Advisors Inc.'s holdings in Unum Group were worth $577,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Unum Group by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock valued at $1,496,939,000 after acquiring an additional 1,596,078 shares in the last quarter. Norges Bank bought a new stake in shares of Unum Group during the 4th quarter worth $1,003,918,000. Northern Trust Corp raised its stake in shares of Unum Group by 33.2% during the 4th quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider's stock worth $140,973,000 after purchasing an additional 480,926 shares during the period. First Trust Advisors LP raised its stake in shares of Unum Group by 15.4% during the 4th quarter. First Trust Advisors LP now owns 1,708,452 shares of the financial services provider's stock worth $124,768,000 after purchasing an additional 227,644 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Unum Group during the 4th quarter worth $113,962,000. 86.57% of the stock is currently owned by institutional investors.

Insider Activity at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction dated 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 owned 51,170 shares of the company's stock, valued at approximately $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.93% of the company's stock.

Unum Group Price Performance

UNM stock traded down $0.44 during mid-day trading on Monday, reaching $81.68. 1,219,342 shares of the company traded hands, compared to its average volume of 1,331,076. 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 company has a market capitalization of $14.24 billion, a P/E ratio of 9.62, a P/E/G ratio of 1.29 and a beta of 0.41. Unum Group has a 52-week low of $50.03 and a 52-week high of $84.48. The company has a fifty day moving average price of $80.16 and a 200-day moving average price of $77.76.

Unum Group (NYSE:UNM - Get Free Report) last posted 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). The company had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.34 billion. Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The firm's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.12 EPS. As a group, analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group's payout ratio is presently 19.79%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UNM shares. Barclays set a $96.00 target price on Unum Group and gave the stock an "overweight" rating in a research note on Monday. Morgan Stanley lifted their target price on Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods lowered their target price on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler lifted 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. Finally, UBS Group set a $89.00 target price on Unum Group and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Five 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 data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $89.36.

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.