State of Wyoming Has $809,000 Holdings in Unum Group (NYSE:UNM)

State of Wyoming grew its stake in shares of Unum Group (NYSE:UNM - Free Report) by 61.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,074 shares of the financial services provider's stock after purchasing an additional 4,196 shares during the quarter. State of Wyoming's holdings in Unum Group were worth $809,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barrett & Company Inc. grew its position in Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Unum Group during the fourth quarter worth approximately $38,000. Millstone Evans Group LLC bought a new stake in Unum Group during the 4th quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Unum Group by 28.8% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock worth $58,000 after purchasing an additional 179 shares in the last quarter. Finally, Duncker Streett & Co. Inc. acquired a new stake in Unum Group in the fourth quarter worth about $58,000. Institutional investors own 86.57% of the company's stock.

Insider Buying and Selling

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's 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 transaction, the executive vice president now directly owns 51,170 shares in the company, valued at $4,093,600. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lisa G. Iglesias sold 7,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the completion of the sale, the executive vice president now owns 31,284 shares of the company's stock, valued at $2,588,751. This trade represents a 18.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,000 shares of company stock valued at $5,478,750. Company insiders own 0.92% of the company's stock.

Wall Street Analysts Forecast Growth

UNM has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Piper Sandler upped their price objective on Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Wall Street Zen lowered Unum Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th. UBS Group upped their price target on shares of Unum Group from $75.00 to $91.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Finally, BMO Capital Markets raised their price objective on shares of Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a research report on Monday, March 3rd. Five equities research 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $88.43.

Unum Group Stock Performance

UNM traded up $0.04 during trading on Friday, reaching $79.67. 215,361 shares of the company's stock were exchanged, compared to its average volume of 1,450,606. Unum Group has a fifty-two week low of $48.38 and a fifty-two week high of $84.48. 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 company has a market capitalization of $13.89 billion, a P/E ratio of 8.41, a PEG ratio of 1.14 and a beta of 0.38. The business has a 50 day moving average price of $78.74 and a 200 day moving average price of $76.17.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly 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 14.91% and a net margin of 13.81%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter last year, the company earned $2.12 earnings per share. The firm's revenue was down 3.4% on a year-over-year basis. As a group, analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group announced that its board has authorized a share repurchase plan 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 buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are often 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. Shareholders of record on Friday, April 25th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group's payout ratio is currently 19.79%.

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.