New York State Teachers Retirement System Purchases 13,425 Shares of Unum Group (NYSE:UNM)

New York State Teachers Retirement System lifted its position in Unum Group (NYSE:UNM - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 201,327 shares of the financial services provider's stock after acquiring an additional 13,425 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Unum Group worth $16,400,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP purchased a new stake in shares of Unum Group in the fourth quarter valued at $240,000. Picton Mahoney Asset Management acquired a new position in Unum Group during the fourth quarter valued at $8,816,000. Zurich Insurance Group Ltd FI purchased a new stake in Unum Group in the 4th quarter worth about $105,199,000. Janney Montgomery Scott LLC lifted its stake in Unum Group by 9.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 62,828 shares of the financial services provider's stock worth $5,118,000 after acquiring an additional 5,455 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Unum Group by 202.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider's stock worth $77,512,000 after acquiring an additional 632,358 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UNM. Wells Fargo & Company increased their price target on shares of Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday. Piper Sandler boosted their price target on shares of Unum Group from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday. Wall Street Zen lowered Unum Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Raymond James Financial upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 target price on the stock in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Five investment 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 a consensus target price of $88.86.

Insiders Place Their Bets

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the completion of the transaction, the executive vice president directly owned 51,170 shares of the company's stock, valued at approximately $4,093,600. This represents a 16.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.92% of the stock is currently owned by insiders.

Unum Group Stock Performance

Shares of Unum Group stock traded up $0.81 during midday trading on Thursday, hitting $82.05. The company had a trading volume of 1,250,476 shares, compared to its average volume of 1,333,156. Unum Group has a 1-year low of $49.63 and a 1-year high of $84.48. The business's 50 day simple moving average is $79.98 and its two-hundred day simple moving average is $77.48. The stock has a market cap of $14.31 billion, a PE ratio of 9.66, a P/E/G ratio of 1.29 and a beta of 0.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

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

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group's dividend payout ratio (DPR) is presently 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.