Unum Group (NYSE:UNM) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC trimmed its position in shares of Unum Group (NYSE:UNM - Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 850,616 shares of the financial services provider's stock after selling 96,360 shares during the quarter. Voloridge Investment Management LLC owned 0.47% of Unum Group worth $62,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Unum Group in the 4th quarter worth about $1,003,918,000. Vanguard Group Inc. raised its position in Unum Group by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock worth $1,496,939,000 after purchasing an additional 1,596,078 shares during the period. Balyasny Asset Management L.P. bought a new stake in Unum Group in the fourth quarter worth about $113,962,000. Zurich Insurance Group Ltd FI purchased a new position in shares of Unum Group during the fourth quarter valued at approximately $105,199,000. Finally, Freestone Grove Partners LP purchased a new position in shares of Unum Group during the fourth quarter valued at approximately $65,096,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Lisa G. Iglesias sold 7,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 51,170 shares in the company, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,000 shares of company stock worth $5,478,750. 0.92% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UNM shares. Piper Sandler raised their price target on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 2nd. Morgan Stanley lifted their target price on Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Wells Fargo & Company upped their price target on shares of Unum Group from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets lifted their price objective on shares of Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a report on Monday, March 3rd. Finally, 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. 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $88.29.

Unum Group Stock Up 0.3%

UNM stock traded up $0.27 during trading on Monday, hitting $79.90. 693,326 shares of the company's stock traded hands, compared to its average volume of 1,320,293. The firm has a market capitalization of $13.93 billion, a P/E ratio of 8.44, a PEG ratio of 1.14 and a beta of 0.38. Unum Group has a 1 year low of $48.38 and a 1 year 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 business has a fifty day simple moving average of $78.72 and a two-hundred day simple moving average of $76.36.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). The company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $3.34 billion. Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The company's revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 earnings per share. Sell-side analysts anticipate that Unum Group will post 9.14 EPS for the current year.

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

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 of this dividend 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 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.