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

Teacher Retirement System of Texas lessened its holdings in Unum Group (NYSE:UNM - Free Report) by 40.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,472 shares of the financial services provider's stock after selling 78,784 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Unum Group worth $9,569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNM. Wellington Management Group LLP bought a new position in shares of Unum Group in the fourth quarter valued at approximately $240,000. Picton Mahoney Asset Management bought a new stake in Unum Group during the 4th quarter worth about $8,816,000. Asset Management One Co. Ltd. increased its position in Unum Group by 88.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 17,302 shares of the financial services provider's stock valued at $1,409,000 after acquiring an additional 8,120 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Unum Group in the fourth quarter worth about $105,199,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Unum Group by 202.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 945,271 shares of the financial services provider's stock worth $77,512,000 after purchasing an additional 632,358 shares in the last quarter. Institutional investors own 86.57% of the company's stock.

Insider Buying and Selling

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of Unum Group stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the executive vice president directly owned 51,170 shares in the company, valued at approximately $4,093,600. The trade was a 16.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.93% of the company's stock.

Unum Group Stock Up 0.4%

UNM traded up $0.30 during trading on Monday, hitting $82.42. The company had a trading volume of 259,600 shares, compared to its average volume of 1,402,468. The company has a market capitalization of $14.37 billion, a PE ratio of 9.71, a PEG ratio of 1.29 and a beta of 0.41. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a one year low of $50.03 and a one year high of $84.48. The firm's 50-day moving average price is $80.11 and its 200 day moving average price is $77.70.

Unum Group (NYSE:UNM - Get Free Report) last released 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 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 12.31% and a return on equity of 14.17%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.12 EPS. As a group, equities analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group's dividend payout ratio is presently 19.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler raised 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. Barclays set a $96.00 price objective on Unum Group and gave the stock an "overweight" rating in a research report on Monday. Keefe, Bruyette & Woods dropped their price objective on Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. raised their target price on shares of Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Finally, UBS Group set a $89.00 price objective on Unum Group and gave the company a "neutral" rating in a report on Friday, May 23rd. Five investment 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.36.

Unum Group 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.