Point72 Asia Singapore Pte. Ltd. Decreases Stock Holdings in Unum Group (NYSE:UNM)

Point72 Asia Singapore Pte. Ltd. reduced its position in shares of Unum Group (NYSE:UNM - Free Report) by 70.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,905 shares of the financial services provider's stock after selling 18,981 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Unum Group were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Unum Group during the 4th quarter worth approximately $1,003,918,000. Vanguard Group Inc. lifted its stake in shares of Unum Group by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock worth $1,496,939,000 after acquiring an additional 1,596,078 shares during the period. Balyasny Asset Management L.P. bought a new stake in Unum Group in the fourth quarter valued at approximately $113,962,000. Freestone Grove Partners LP bought a new stake in Unum Group in the fourth quarter valued at approximately $65,096,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Unum Group during the 4th quarter valued at approximately $59,561,000. Institutional investors and hedge funds own 86.57% of the company's stock.

Insider Transactions at Unum Group

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

Unum Group Stock Down 0.1%

Shares of UNM traded down $0.11 during trading hours on Monday, reaching $82.04. The stock had a trading volume of 977,131 shares, compared to its average volume of 1,315,276. The firm has a 50-day simple moving average of $78.65 and a 200 day simple moving average of $75.99. Unum Group has a 12 month low of $48.38 and a 12 month high of $84.48. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 1.14 and a beta of 0.38.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.15). The business 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 quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.12 EPS. Equities research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group announced that its Board of Directors has initiated a share buyback program on Tuesday, February 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 7.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, April 25th. Unum Group's dividend payout ratio is currently 19.79%.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of recent analyst reports. UBS Group boosted their price target on shares of Unum Group from $75.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price target on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley lifted their price objective on Unum Group from $76.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Monday. Piper Sandler boosted their price objective on Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company raised their target price on Unum Group from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Unum Group has an average rating of "Moderate Buy" and an average price target of $88.43.

Unum Group Company 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.