Dimensional Fund Advisors LP lowered its stake in Unum Group (NYSE:UNM - Free Report) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,391,032 shares of the financial services provider's stock after selling 285,874 shares during the quarter. Dimensional Fund Advisors LP owned about 2.76% of Unum Group worth $243,783,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of UNM. Silver Oak Securities Incorporated purchased a new stake in Unum Group during the third quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new stake in Unum Group during the fourth quarter worth about $25,000. Neo Ivy Capital Management purchased a new stake in Unum Group during the third quarter worth about $36,000. Daiwa Securities Group Inc. purchased a new stake in Unum Group during the fourth quarter worth about $36,000. Finally, CVA Family Office LLC purchased a new stake in Unum Group during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 86.57% of the company's stock.
Unum Group Stock Up 0.0 %
Unum Group stock traded up $0.02 during mid-day trading on Tuesday, hitting $52.93. The company had a trading volume of 635,957 shares, compared to its average volume of 1,357,819. The stock has a market cap of $10.02 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 1.13 and a beta of 0.87. Unum Group has a 1 year low of $41.75 and a 1 year high of $54.57. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $52.00 and a 200 day moving average of $47.87.
Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.87 earnings per share. On average, sell-side analysts expect that Unum Group will post 8.2 earnings per share for the current fiscal year.
Unum Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Thursday, April 25th. Unum Group's payout ratio is currently 21.69%.
Insider Activity
In other news, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,076,753 shares of the company's stock, valued at $52,922,409.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,076,753 shares of the company's stock, valued at $52,922,409.95. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the sale, the executive vice president now directly owns 56,262 shares of the company's stock, valued at $2,952,067.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,500 shares of company stock valued at $4,675,095. 0.93% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on UNM shares. The Goldman Sachs Group upped their target price on shares of Unum Group from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on shares of Unum Group from $56.00 to $58.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Wells Fargo & Company upped their target price on shares of Unum Group from $64.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, April 11th. Truist Financial upped their target price on shares of Unum Group from $57.00 to $62.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley upped their target price on shares of Unum Group from $50.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and an average price target of $57.38.
Check Out Our Latest Stock Analysis on Unum Group
Unum Group Profile
(
Free Report)
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.
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