Redwood Investment Management LLC trimmed its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,500 shares of the financial services provider's stock after selling 8,915 shares during the quarter. Redwood Investment Management LLC's holdings in Unum Group were worth $1,424,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Barrett & Company Inc. increased its position 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 worth $29,000 after acquiring an additional 297 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Unum Group during the fourth quarter worth about $38,000. Millstone Evans Group LLC purchased a new stake in shares of Unum Group during the fourth quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. increased its position 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 worth $58,000 after acquiring an additional 179 shares during the last quarter. Finally, Duncker Streett & Co. Inc. purchased a new stake in shares of Unum Group during the fourth quarter worth about $58,000. 86.57% of the stock is owned by hedge funds and other institutional investors.
Unum Group Stock Performance
Shares of UNM stock opened at $82.07 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $78.56 and a two-hundred day moving average of $75.70. Unum Group has a 52 week low of $48.38 and a 52 week high of $84.48. The company has a market cap of $14.31 billion, a P/E ratio of 8.67, a PEG ratio of 1.14 and a beta of 0.38.
Unum Group (NYSE:UNM - Get Free Report) last issued 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). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The company had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same quarter in the previous year, the firm earned $2.12 earnings per share. The business's revenue was down 3.4% on a year-over-year basis. As a group, analysts anticipate that Unum Group will post 9.14 EPS for the current year.
Unum Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were paid a $0.42 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.05%. Unum Group's payout ratio is currently 19.79%.
Unum Group declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on UNM. Raymond James raised Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 target price on the stock in a research report on Wednesday, March 5th. Barclays lifted 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. StockNews.com lowered Unum Group from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Piper Sandler boosted their price objective on Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. Finally, UBS Group boosted their price objective on Unum Group from $75.00 to $91.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Five 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $88.50.
Check Out Our Latest Research Report on Unum Group
Insider Buying and Selling at Unum Group
In other news, EVP Lisa G. Iglesias sold 7,000 shares of the business's 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. The trade was a 18.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following the transaction, the executive vice president now owns 51,170 shares of the company's stock, valued at approximately $4,093,600. This represents a 16.35% 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 worth $5,478,750 over the last ninety days. Company insiders own 0.92% of the company's stock.
About Unum Group
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Unum Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Unum Group wasn't on the list.
While Unum Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
