NewSquare Capital LLC Sells 79,836 Shares of Unum Group (NYSE:UNM)

NewSquare Capital LLC trimmed its stake in shares of Unum Group (NYSE:UNM - Free Report) by 42.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,015 shares of the financial services provider's stock after selling 79,836 shares during the period. NewSquare Capital LLC owned about 0.06% of Unum Group worth $8,546,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Unum Group in the 4th quarter valued at about $1,003,918,000. Vanguard Group Inc. grew its holdings in shares of 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 worth $1,496,939,000 after buying an additional 1,596,078 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Unum Group during the fourth quarter worth about $113,962,000. Zurich Insurance Group Ltd FI acquired a new stake in Unum Group in the 4th quarter valued at approximately $105,199,000. Finally, Freestone Grove Partners LP acquired a new position in Unum Group during the 4th quarter worth approximately $65,096,000. 86.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the sale, the executive vice president now directly owns 51,170 shares in the company, valued at $4,093,600. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.92% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on UNM. UBS Group set a $89.00 price objective on shares of Unum Group and gave the company a "neutral" rating in a report on Friday, May 23rd. Keefe, Bruyette & Woods lowered their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen downgraded shares of Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Piper Sandler lifted their target price 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, BMO Capital Markets upped their target price on Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Unum Group presently has an average rating of "Moderate Buy" and a consensus target price of $88.29.

Unum Group Stock Performance

UNM stock traded down $1.64 during midday trading on Tuesday, reaching $78.81. 1,132,490 shares of the company were exchanged, compared to its average volume of 1,318,242. Unum Group has a one year low of $48.38 and a one year high of $84.48. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.14 and a beta of 0.43. The business has a 50-day moving average price of $78.53 and a two-hundred day moving average price of $77.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.15). The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.34 billion. Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.12 earnings per share. Equities research analysts forecast that Unum Group will post 9.14 EPS for the current year.

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

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 25th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date was Friday, April 25th. Unum Group's payout ratio is currently 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.