Unum Group (NYSE:UNM) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC trimmed its stake in Unum Group (NYSE:UNM - Free Report) by 85.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,566 shares of the financial services provider's stock after selling 71,590 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Unum Group were worth $918,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in Unum Group by 50.0% in the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock worth $29,554,000 after buying an additional 156,380 shares during the last quarter. Blue Trust Inc. raised its holdings in Unum Group by 44.1% in the fourth quarter. Blue Trust Inc. now owns 16,495 shares of the financial services provider's stock worth $1,205,000 after buying an additional 5,047 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Unum Group in the fourth quarter worth about $8,816,000. Charles Schwab Investment Management Inc. raised its holdings in Unum Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock worth $405,481,000 after buying an additional 51,744 shares during the last quarter. Finally, Oak Thistle LLC raised its holdings in Unum Group by 362.9% in the fourth quarter. Oak Thistle LLC now owns 19,461 shares of the financial services provider's stock worth $1,421,000 after buying an additional 15,257 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Performance

NYSE:UNM traded up $0.37 during trading hours on Monday, hitting $80.84. 1,030,633 shares of the company were exchanged, compared to its average volume of 1,308,805. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 1.14 and a beta of 0.38. Unum Group has a 52-week low of $48.38 and a 52-week high of $84.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The company's 50 day moving average price is $78.40 and its 200-day moving average price is $75.23.

Unum Group (NYSE:UNM - Get Free Report) last released its earnings results 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 company had revenue of $3.09 billion for the quarter, compared to analysts' expectations of $3.34 billion. Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.12 EPS. As a group, research analysts forecast that Unum Group will post 9.14 earnings per share for the current year.

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

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Friday, April 25th. Unum Group's payout ratio is 19.79%.

Insider Buying and Selling at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction 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 in the company, valued at $4,093,600. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Lisa G. Iglesias sold 7,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were 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 represents a 18.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,000 shares of company stock worth $5,478,750. Company insiders own 0.92% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group raised their target price on Unum Group from $75.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Piper Sandler boosted their target price on shares of Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, April 2nd. Barclays increased their price target on shares of 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 cut their price objective on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, 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 report on Wednesday, March 5th. Five 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

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.