Unum Group (NYSE:UNM) Shares Sold by Man Group plc

Man Group plc lowered its position in shares of Unum Group (NYSE:UNM - Free Report) by 54.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,832 shares of the financial services provider's stock after selling 223,738 shares during the quarter. Man Group plc owned about 0.10% of Unum Group worth $13,644,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UNM. Norges Bank acquired a new stake in shares of Unum Group during the 4th quarter valued at approximately $1,003,918,000. Vanguard Group Inc. increased its stake in Unum Group by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock valued at $1,496,939,000 after purchasing an additional 1,596,078 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Unum Group during the fourth quarter worth $113,962,000. Freestone Grove Partners LP acquired a new stake in shares of Unum Group during the fourth quarter worth $65,096,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of Unum Group in the 4th quarter worth about $59,561,000. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Performance

UNM stock traded up $0.14 during trading on Friday, reaching $79.77. 169,641 shares of the company's stock were exchanged, compared to its average volume of 1,313,025. Unum Group has a 1-year low of $48.38 and a 1-year high of $84.48. The firm has a market cap of $13.91 billion, a PE ratio of 8.43, a P/E/G ratio of 1.14 and a beta of 0.38. The company's fifty day moving average price is $78.74 and its 200-day moving average price is $76.17. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32.

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 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 the consensus estimate of $3.34 billion. Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Unum Group'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 earned $2.12 earnings per share. On average, research analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

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 paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group's dividend payout ratio is currently 19.79%.

Insider Activity

In other Unum Group news, EVP Lisa G. Iglesias sold 7,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value of $579,250.00. Following the completion of the sale, the executive vice president now directly owns 31,284 shares in the company, valued at $2,588,751. This represents a 18.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group stock in a transaction 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 now owns 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 disclosure for this sale can be found here. Insiders sold 67,000 shares of company stock worth $5,478,750 over the last three months. Corporate insiders own 0.92% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Unum Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. BMO Capital Markets increased their price target on Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Piper Sandler boosted their price objective on Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley upped their price objective on Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $88.43.

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.