Teacher Retirement System of Texas Has $9.57 Million Holdings in Unum Group (NYSE:UNM)

Teacher Retirement System of Texas lessened its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 40.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 117,472 shares of the financial services provider's stock after selling 78,784 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of Unum Group worth $9,569,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in Unum Group by 7.3% in the first quarter. Private Trust Co. NA now owns 2,757 shares of the financial services provider's stock valued at $225,000 after acquiring an additional 187 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in Unum Group in the first quarter valued at approximately $245,000. Rossby Financial LCC acquired a new stake in Unum Group in the first quarter valued at approximately $46,000. Summit Trail Advisors LLC grew its position in Unum Group by 34.2% in the first quarter. Summit Trail Advisors LLC now owns 10,861 shares of the financial services provider's stock valued at $885,000 after acquiring an additional 2,767 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. acquired a new stake in Unum Group in the first quarter valued at approximately $204,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UNM. Wells Fargo & Company lifted their price objective on shares of Unum Group from $97.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. 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, July 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Unum Group from $87.00 to $96.00 and gave the company a "neutral" rating in a research note on Tuesday. Keefe, Bruyette & Woods dropped their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays set a $96.00 price target on shares of Unum Group and gave the stock an "overweight" rating in a research report on Monday. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and an average price target of $90.00.

Unum Group Trading Down 0.3%

NYSE UNM traded down $0.26 on Tuesday, hitting $81.47. 365,321 shares of the company were exchanged, compared to its average volume of 1,327,349. The company's 50 day moving average price is $80.16 and its 200-day moving average price is $77.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $14.21 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.41. Unum Group has a twelve month low of $50.03 and a twelve month high of $84.48.

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

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors 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 dividend yield of 2.06%. Unum Group's payout ratio is 19.79%.

Insider Activity at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the company's stock in a transaction that occurred on 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 owned 51,170 shares of the company's stock, valued at $4,093,600. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.93% 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.