Unum Group (NYSE:UNM) Stock Holdings Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in shares of Unum Group (NYSE:UNM - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,162,432 shares of the financial services provider's stock after selling 29,770 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.13% of Unum Group worth $188,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated bought a new stake in shares of Unum Group in the third quarter valued at about $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Unum Group in the fourth quarter valued at about $25,000. Neo Ivy Capital Management bought a new stake in shares of Unum Group in the third quarter valued at about $36,000. Daiwa Securities Group Inc. bought a new stake in shares of Unum Group in the fourth quarter valued at about $36,000. Finally, CVA Family Office LLC bought a new stake in shares of Unum Group in the fourth quarter valued at about $49,000. 86.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on UNM. Truist Financial upped their price objective on shares of Unum Group from $57.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Morgan Stanley boosted their target price on Unum Group from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. Wells Fargo & Company upped their price objective on Unum Group from $64.00 to $66.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. The Goldman Sachs Group increased their price target on Unum Group from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Wednesday, January 31st. Finally, StockNews.com upgraded Unum Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.38.

Unum Group Stock Up 0.8 %

UNM stock traded up $0.42 during midday trading on Friday, hitting $53.10. The stock had a trading volume of 721,554 shares, compared to its average volume of 1,372,408. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50-day moving average of $51.81 and a two-hundred day moving average of $47.78. Unum Group has a 52-week low of $41.75 and a 52-week high of $54.57. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. Unum Group's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.87 EPS. As a group, equities research analysts forecast that Unum Group will post 8.19 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.46 annualized dividend and a yield of 2.75%. Unum Group's payout ratio is 21.69%.

Insider Buying and Selling at Unum Group

In other news, Director Timothy F. Keaney sold 8,000 shares of Unum Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total transaction of $420,880.00. Following the transaction, the director now directly owns 37,505 shares of the company's stock, valued at approximately $1,973,138.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Steven Andrew Zabel sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The stock was 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy F. Keaney sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total value of $420,880.00. Following the completion of the transaction, the director now directly owns 37,505 shares in the company, valued at $1,973,138.05. The disclosure for this sale can be found here. Insiders sold a total of 93,500 shares of company stock worth $4,675,095 in the last three months. 0.93% of the stock is currently owned by company 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.