SG Americas Securities LLC Sells 29,306 Shares of Unum Group (NYSE:UNM)

SG Americas Securities LLC trimmed its holdings in Unum Group (NYSE:UNM - Free Report) by 90.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,992 shares of the financial services provider's stock after selling 29,306 shares during the period. SG Americas Securities LLC's holdings in Unum Group were worth $135,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated acquired a new position in Unum Group in the 3rd quarter valued at $25,000. Contravisory Investment Management Inc. bought a new stake in Unum Group in the 4th quarter valued at $25,000. Bangor Savings Bank boosted its holdings in Unum Group by 100.0% in the 3rd quarter. Bangor Savings Bank now owns 664 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 332 shares during the period. Neo Ivy Capital Management bought a new stake in Unum Group in the 3rd quarter valued at $36,000. Finally, Arlington Trust Co LLC bought a new stake in Unum Group in the 3rd quarter valued at $38,000. 86.57% of the stock is owned by institutional investors.

Unum Group Trading Up 1.3 %

Unum Group stock traded up $0.63 during midday trading on Thursday, hitting $50.79. 919,492 shares of the stock were exchanged, compared to its average volume of 1,425,606. The company has a fifty day simple moving average of $50.96 and a two-hundred day simple moving average of $47.58. Unum Group has a 52 week low of $40.04 and a 52 week high of $54.57. The stock has a market capitalization of $9.75 billion, a PE ratio of 7.83, a P/E/G ratio of 1.01 and a beta of 0.87. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.36.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.07). Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the firm posted $1.43 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Unum Group will post 8.19 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, April 25th. Unum Group's payout ratio is currently 22.50%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Unum Group from $47.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, January 31st. StockNews.com raised shares of Unum Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 31st. Morgan Stanley raised their price objective on shares of Unum Group from $50.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Unum Group from $56.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Unum Group from $64.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Unum Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.38.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the executive vice president now owns 55,450 shares of the company's stock, valued at $2,772,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Lisa G. Iglesias sold 16,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $50.00, for a total value of $800,000.00. Following the sale, the executive vice president now owns 40,840 shares of the company's stock, valued at $2,042,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the executive vice president now directly owns 55,450 shares in the company, valued at approximately $2,772,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,000 shares of company stock valued at $4,018,100. 0.94% of the stock is currently owned by corporate insiders.

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.