Unum Group (NYSE:UNM) Stock Holdings Lowered by KBC Group NV

KBC Group NV decreased its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 87.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,941 shares of the financial services provider's stock after selling 46,326 shares during the quarter. KBC Group NV's holdings in Unum Group were worth $565,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UNM. Brighton Jones LLC purchased a new stake in shares of Unum Group during the 4th quarter valued at $247,000. SVB Wealth LLC bought a new stake in Unum Group during the fourth quarter worth about $204,000. Smartleaf Asset Management LLC boosted its holdings in shares of Unum Group by 29.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,540 shares of the financial services provider's stock worth $186,000 after purchasing an additional 574 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Unum Group by 124.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,258 shares of the financial services provider's stock valued at $165,000 after purchasing an additional 1,252 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Unum Group during the 4th quarter valued at about $91,000. 86.57% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company'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 directly owned 51,170 shares of the company's stock, valued at approximately $4,093,600. This represents a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.92% of the company's stock.

Unum Group Price Performance

UNM stock traded up $0.81 during trading on Friday, hitting $82.05. 1,250,476 shares of the company's stock traded hands, compared to its average volume of 1,335,503. The stock has a market capitalization of $14.31 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 1.29 and a beta of 0.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The business has a fifty day simple moving average of $80.11 and a 200 day simple moving average of $77.60. 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 posted its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.15). The company 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 business's revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. As a group, research analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

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

Analyst Ratings Changes

UNM has been the subject of a number of recent research reports. UBS Group set a $89.00 price objective on shares of Unum Group and gave the stock a "neutral" rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods reduced their price target 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. Piper Sandler lifted their price target on Unum Group from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday. Wall Street Zen cut shares of Unum Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Barclays upped their price objective on shares of Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Five 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.86.

Unum Group 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.