Unum Group (NYSE:UNM) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd trimmed its holdings in Unum Group (NYSE:UNM - Free Report) by 74.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,737 shares of the financial services provider's stock after selling 37,723 shares during the quarter. Point72 Hong Kong Ltd's holdings in Unum Group were worth $930,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Barrett & Company Inc. increased its stake in shares of Unum Group by 300.0% during the fourth 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 purchased a new position in shares of Unum Group during the fourth quarter valued at approximately $38,000. Millstone Evans Group LLC bought a new stake in Unum Group in the fourth quarter worth $45,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock valued at $58,000 after buying an additional 179 shares during the last quarter. Finally, Duncker Streett & Co. Inc. bought a new stake in Unum Group in the 4th quarter worth about $58,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Stock Down 1.5%

NYSE:UNM traded down $1.26 during trading hours on Wednesday, reaching $80.75. The company's stock had a trading volume of 299,549 shares, compared to its average volume of 1,311,198. 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 company has a market capitalization of $14.08 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.14 and a beta of 0.38. The stock has a 50 day moving average price of $78.75 and a two-hundred day moving average price of $76.03. Unum Group has a 12 month low of $48.38 and a 12 month high of $84.48.

Unum Group (NYSE:UNM - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate 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 for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.12 earnings per share. Equities analysts predict that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group declared that its board has authorized a stock repurchase plan on Tuesday, February 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 7.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Friday, April 25th. Unum Group's dividend payout ratio (DPR) is presently 19.79%.

Insider Buying and Selling

In related news, EVP Lisa G. Iglesias sold 7,000 shares of Unum Group stock in a transaction that occurred on 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 directly owns 31,284 shares in the company, valued at approximately $2,588,751. This trade represents a 18.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total value of $800,000.00. Following the completion of the transaction, the executive vice president now directly owns 51,170 shares of the company's stock, valued at $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,000 shares of company stock worth $5,478,750 in the last three months. Corporate insiders own 0.92% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays raised their target price on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods dropped their target price on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Piper Sandler increased their price objective on shares of Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Raymond James upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective for the company in a research report on Wednesday, March 5th. Finally, BMO Capital Markets boosted their price target on shares of Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a research report on Monday, March 3rd. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.