Oppenheimer & Co. Inc. Sells 10,548 Shares of Unum Group (NYSE:UNM)

Oppenheimer & Co. Inc. trimmed its stake in Unum Group (NYSE:UNM - Free Report) by 50.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,163 shares of the financial services provider's stock after selling 10,548 shares during the period. Oppenheimer & Co. Inc.'s holdings in Unum Group were worth $828,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of UNM. Wellington Management Group LLP purchased a new stake in Unum Group in the fourth quarter worth about $240,000. Picton Mahoney Asset Management bought a new position in shares of Unum Group in the 4th quarter worth approximately $8,816,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Unum Group in the 4th quarter valued at approximately $105,199,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Unum Group by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock valued at $405,481,000 after purchasing an additional 51,744 shares during the period. Finally, Merit Financial Group LLC boosted its position in shares of Unum Group by 168.5% during the first quarter. Merit Financial Group LLC now owns 12,070 shares of the financial services provider's stock valued at $983,000 after purchasing an additional 7,574 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group set a $89.00 price objective on Unum Group and gave the stock a "neutral" rating in a report on Friday, May 23rd. Wall Street Zen lowered shares of Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Wells Fargo & Company lifted their price target on shares of Unum Group from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Piper Sandler boosted their price objective on shares of Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Barclays upped their price objective on shares of Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.29.

Unum Group Price Performance

Shares of UNM opened at $80.47 on Monday. Unum Group has a twelve month low of $49.63 and a twelve month high of $84.48. The company has a market capitalization of $14.03 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 1.26 and a beta of 0.43. The firm has a 50 day moving average of $79.71 and a 200 day moving average of $77.37. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). Unum Group had a return on equity of 14.17% and a net margin of 12.31%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the previous year, the business posted $2.12 EPS. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.09%. 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 Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the sale, the executive vice president now directly owns 51,170 shares in the company, valued at approximately $4,093,600. The trade was a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.92% of the company's stock.

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.

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