Unum Group (NYSE:UNM) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Unum Group (NYSE:UNM - Free Report) by 5.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 498,795 shares of the financial services provider's stock after selling 29,191 shares during the period. Rhumbline Advisers owned 0.29% of Unum Group worth $40,632,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in UNM. Picton Mahoney Asset Management bought a new stake in Unum Group during the fourth quarter valued at approximately $8,816,000. Zurich Insurance Group Ltd FI bought a new stake in Unum Group during the fourth quarter valued at approximately $105,199,000. Charles Schwab Investment Management Inc. lifted its position in Unum Group by 0.9% during the fourth 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 last quarter. FourThought Financial Partners LLC bought a new stake in shares of Unum Group in the 4th quarter worth approximately $341,000. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Unum Group in the 4th quarter worth approximately $230,000. Institutional investors own 86.57% of the company's stock.

Unum Group Stock Down 0.9%

NYSE:UNM traded down $0.71 during trading hours on Thursday, reaching $79.97. The company's stock had a trading volume of 1,239,819 shares, compared to its average volume of 1,313,875. The company has a market capitalization of $13.94 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 1.14 and a beta of 0.38. Unum Group has a 12 month low of $48.38 and a 12 month high of $84.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. The stock has a 50 day moving average price of $78.62 and a two-hundred day moving average price of $76.84.

Unum Group (NYSE:UNM - Get Free Report) last posted its 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). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.34 billion. During the same quarter last year, the firm earned $2.12 EPS. Unum Group's revenue for the quarter was down 3.4% on a year-over-year basis. Equities analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

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 $0.42 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.68 annualized dividend and a yield of 2.10%. Unum Group's dividend payout ratio (DPR) is presently 19.79%.

Unum Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, February 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Unum Group from $81.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. UBS Group set a $89.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Piper Sandler lifted their target price 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. Wells Fargo & Company lifted their target price on shares of Unum Group from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Barclays lifted their target price on shares of Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Five 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. Based on data from MarketBeat.com, Unum Group has an average rating of "Moderate Buy" and a consensus target price of $88.29.

Insider Buying and Selling at Unum Group

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 value of $800,000.00. Following the completion of the sale, the executive vice president now owns 51,170 shares of the company's stock, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.92% of the stock is owned by insiders.

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.