Teacher Retirement System of Texas Sells 36,105 Shares of Unum Group (NYSE:UNM)

Teacher Retirement System of Texas reduced its stake in shares of Unum Group (NYSE:UNM - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,365 shares of the financial services provider's stock after selling 36,105 shares during the period. Teacher Retirement System of Texas' holdings in Unum Group were worth $3,996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC raised its holdings in Unum Group by 4.6% in the 4th quarter. NewSquare Capital LLC now owns 228,132 shares of the financial services provider's stock worth $10,177,000 after acquiring an additional 10,021 shares during the period. Nordea Investment Management AB increased its stake in shares of Unum Group by 79.8% in the fourth quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider's stock worth $88,616,000 after purchasing an additional 866,531 shares during the period. American Century Companies Inc. boosted its stake in Unum Group by 14.9% during the 3rd quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider's stock valued at $10,963,000 after purchasing an additional 28,898 shares during the period. Boone Capital Management LLC grew its holdings in Unum Group by 1.2% in the 3rd quarter. Boone Capital Management LLC now owns 867,565 shares of the financial services provider's stock valued at $42,676,000 after buying an additional 10,000 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Unum Group by 91.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 63,810 shares of the financial services provider's stock valued at $3,138,000 after buying an additional 30,555 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Unum Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 31st. Wells Fargo & Company raised their price target on shares of Unum Group from $64.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on shares of Unum Group from $50.00 to $52.00 and gave the company an "equal weight" rating in a research note on Monday, April 15th. Truist Financial lifted their target price on Unum Group from $57.00 to $62.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. upped their price target on Unum Group from $56.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and a consensus price target of $57.38.

Insider Buying and Selling at Unum Group

In other Unum Group news, Director Timothy F. Keaney sold 8,000 shares of Unum Group stock in a transaction 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 owns 37,505 shares in the company, valued at approximately $1,973,138.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction of $420,880.00. Following the completion of the transaction, the director now owns 37,505 shares of the company's stock, valued at approximately $1,973,138.05. The disclosure for this sale can be found here. Insiders have sold a total of 93,500 shares of company stock worth $4,675,095 over the last ninety days. Corporate insiders own 0.93% of the company's stock.

Unum Group Price Performance

UNM traded down $0.47 during midday trading on Wednesday, reaching $52.47. 757,937 shares of the company's stock were exchanged, compared to its average volume of 1,351,437. Unum Group has a one year low of $41.75 and a one year high of $54.57. The firm has a market capitalization of $9.94 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 1.13 and a beta of 0.87. The business has a 50-day simple moving average of $52.00 and a two-hundred day simple moving average of $47.87. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34.

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. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $1.87 EPS. Unum Group's quarterly revenue was up 5.4% on a year-over-year basis. As a group, research analysts predict that Unum Group will post 8.2 EPS for the current year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, April 25th. Unum Group's dividend payout ratio is currently 21.69%.

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.