Unum Group (NYSE:UNM) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in Unum Group (NYSE:UNM - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384,384 shares of the financial services provider's stock after selling 20,432 shares during the period. Truist Financial Corp owned approximately 0.20% of Unum Group worth $17,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caprock Group LLC raised its stake in Unum Group by 3.0% in the 4th quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider's stock worth $362,000 after acquiring an additional 230 shares during the last quarter. United Services Automobile Association raised its stake in shares of Unum Group by 1.9% during the 3rd quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider's stock valued at $616,000 after buying an additional 239 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Unum Group by 12.0% during the 4th quarter. Private Trust Co. NA now owns 2,385 shares of the financial services provider's stock valued at $108,000 after buying an additional 255 shares during the last quarter. Savant Capital LLC raised its stake in shares of Unum Group by 3.5% during the 3rd quarter. Savant Capital LLC now owns 7,927 shares of the financial services provider's stock valued at $390,000 after buying an additional 266 shares during the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Unum Group by 6.3% during the 4th quarter. Wedmont Private Capital now owns 4,655 shares of the financial services provider's stock valued at $213,000 after buying an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UNM. JPMorgan Chase & Co. lifted their price objective on Unum Group from $56.00 to $58.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised their target price on Unum Group from $64.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, April 11th. Morgan Stanley raised their target price on Unum Group from $50.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday, April 15th. StockNews.com upgraded Unum Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group raised their target price on Unum Group from $47.00 to $52.00 and gave the company a "neutral" rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Unum Group currently has an average rating of "Moderate Buy" and a consensus target price of $56.38.

Unum Group Price Performance

UNM stock traded up $1.17 during trading on Wednesday, hitting $51.87. The stock had a trading volume of 2,805,055 shares, compared to its average volume of 1,409,197. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27. Unum Group has a twelve month low of $40.04 and a twelve month high of $54.57. The stock has a market capitalization of $9.95 billion, a P/E ratio of 7.86, a PEG ratio of 1.02 and a beta of 0.87. The company's 50-day moving average price is $51.41 and its two-hundred day moving average price is $47.66.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the previous year, the firm posted $1.87 EPS. Unum Group's revenue was up 5.4% compared to the same quarter last year. As a group, research analysts predict that Unum Group will post 8.18 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently announced 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 2.81%. The ex-dividend date is Thursday, April 25th. Unum Group's dividend payout ratio (DPR) is 22.50%.

Insiders Place Their Bets

In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the transaction, the chief financial officer now directly owns 122,246 shares of the company's stock, valued at approximately $6,241,880.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 transaction of $250,000.00. Following the sale, the executive vice president now owns 55,450 shares of the company's stock, valued at approximately $2,772,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Steven Andrew Zabel sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total transaction of $510,600.00. Following the sale, the chief financial officer now directly owns 122,246 shares in the company, valued at approximately $6,241,880.76. The disclosure for this sale can be found here. Insiders have sold 81,000 shares of company stock valued at $4,018,100 in the last ninety days. 0.93% of the stock is currently owned by corporate insiders.

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.