Unum Group (NYSE:UNM) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp cut its stake in Unum Group (NYSE:UNM - Free Report) by 54.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the financial services provider's stock after selling 23,900 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Unum Group were worth $1,461,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of UNM. Barrett & Company Inc. boosted its position in Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock valued at $29,000 after buying an additional 297 shares during the period. Kestra Investment Management LLC bought a new stake in Unum Group during the 4th quarter valued at $38,000. Millstone Evans Group LLC purchased a new stake in shares of Unum Group in the 4th quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Unum Group by 28.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock worth $58,000 after buying an additional 179 shares in the last quarter. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Unum Group during the fourth quarter valued at $58,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $81.99, for a total value of $4,099,500.00. Following the completion of the transaction, the chief executive officer now owns 980,637 shares of the company's stock, valued at approximately $80,402,427.63. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa G. Iglesias sold 7,000 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $82.75, for a total transaction of $579,250.00. Following the completion of the transaction, the executive vice president now owns 31,284 shares of the company's stock, valued at approximately $2,588,751. This trade represents a 18.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,000 shares of company stock worth $5,478,750. Insiders own 0.92% of the company's stock.

Analyst Ratings Changes

UNM has been the topic of a number of research reports. UBS Group raised their target price on shares of Unum Group from $75.00 to $91.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. BMO Capital Markets boosted their price objective on shares of Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research note on Monday, March 3rd. Piper Sandler upped their target price on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. Morgan Stanley boosted their price target on Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods dropped their price objective on Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and an average target price of $88.43.

Unum Group Stock Performance

UNM stock traded down $0.72 during trading on Wednesday, reaching $81.30. The company had a trading volume of 173,554 shares, compared to its average volume of 1,462,050. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.14 and a beta of 0.38. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. The firm has a 50-day simple moving average of $78.75 and a 200-day simple moving average of $76.03.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.19 by ($0.15). The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The business's revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.12 EPS. As a group, sell-side analysts expect that Unum Group will post 9.14 earnings per share for the current year.

Unum Group announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.07%. The ex-dividend date was Friday, April 25th. Unum Group's dividend payout ratio is currently 19.79%.

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.