Two Sigma Advisers LP Has $32.40 Million Position in Unum Group (NYSE:UNM)

Two Sigma Advisers LP trimmed its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 36.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 443,700 shares of the financial services provider's stock after selling 257,700 shares during the period. Two Sigma Advisers LP owned 0.24% of Unum Group worth $32,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in UNM. Bessemer Group Inc. grew its stake in shares of Unum Group by 2.2% in the 4th quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider's stock valued at $478,000 after purchasing an additional 143 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in Unum Group by 0.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider's stock worth $1,330,000 after buying an additional 147 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Unum Group by 1.4% in the 4th quarter. QRG Capital Management Inc. now owns 13,336 shares of the financial services provider's stock valued at $974,000 after purchasing an additional 189 shares in the last quarter. Belpointe Asset Management LLC grew its stake in Unum Group by 2.1% in the 4th quarter. Belpointe Asset Management LLC now owns 9,151 shares of the financial services provider's stock worth $668,000 after acquiring an additional 189 shares during the period. Finally, Naples Global Advisors LLC raised its stake in Unum Group by 0.6% during the fourth quarter. Naples Global Advisors LLC now owns 36,075 shares of the financial services provider's stock worth $2,635,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Unum Group Stock Performance

Shares of NYSE:UNM traded up $0.27 during trading on Monday, hitting $79.90. 693,326 shares of the company traded hands, compared to its average volume of 1,320,293. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The business's fifty day moving average is $78.72 and its 200-day moving average is $76.36. The stock has a market capitalization of $13.93 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.14 and a beta of 0.38. Unum Group has a one year low of $48.38 and a one year high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly 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 firm had revenue of $3.09 billion during the quarter, compared to analyst estimates 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 previous year, the business posted $2.12 EPS. As a group, equities analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group announced that its board has initiated a share buyback plan on Tuesday, February 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 7.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.68 annualized dividend and a yield of 2.10%. Unum Group's payout ratio is 19.79%.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm'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 sale, the executive vice president now directly owns 51,170 shares in the company, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard P. Mckenney sold 50,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the transaction, the chief executive officer now owns 980,637 shares in the company, valued at approximately $80,402,427.63. This represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,000 shares of company stock valued at $5,478,750 over the last quarter. Corporate insiders own 0.92% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UNM. BMO Capital Markets lifted their target price on Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. Barclays increased their price target on Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Morgan Stanley boosted 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, May 19th. Wells Fargo & Company increased their target price on Unum Group from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Piper Sandler boosted their price target on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Five 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.29.

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.