Point72 Hong Kong Ltd Has $930,000 Stock Holdings in Unum Group (NYSE:UNM)

Point72 Hong Kong Ltd lessened its stake in Unum Group (NYSE:UNM - Free Report) by 74.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have issued reports on UNM. JPMorgan Chase & Co. raised their price target on Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Barclays raised their price target on Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Morgan Stanley raised their price target on Unum Group from $80.00 to $84.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Raymond James raised Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price target for the company in a report on Wednesday, March 5th. Finally, Piper Sandler increased their price objective on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Unum Group Price Performance

Shares of NYSE UNM traded up $1.30 during mid-day trading on Friday, reaching $82.07. The company had a trading volume of 1,308,830 shares, compared to its average volume of 1,316,635. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. Unum Group has a one year low of $48.38 and a one year high of $84.48. The firm has a market cap of $14.31 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 1.14 and a beta of 0.38. The business's 50-day simple moving average is $78.56 and its 200 day simple moving average is $75.86.

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). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the business posted $2.12 EPS. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. On average, research analysts predict that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

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

Unum Group announced that its board has authorized a stock repurchase plan on Tuesday, February 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the sale, the executive vice president now directly owns 51,170 shares of the company's stock, valued at $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Lisa G. Iglesias sold 7,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were 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 in the company, valued at $2,588,751. This trade represents a 18.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,000 shares of company stock worth $5,478,750. Company insiders own 0.92% of the company's stock.

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.