Unum Group (NYSE:UNM) Holdings Decreased by Voya Investment Management LLC

Voya Investment Management LLC lowered its position in shares of Unum Group (NYSE:UNM - Free Report) by 20.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,036 shares of the financial services provider's stock after selling 64,679 shares during the period. Voya Investment Management LLC owned approximately 0.14% of Unum Group worth $18,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Unum Group in the third quarter valued at $58,000. Franklin Resources Inc. boosted its stake in shares of Unum Group by 50.0% in the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock valued at $29,554,000 after buying an additional 156,380 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of Unum Group by 4.6% during the 3rd quarter. DGS Capital Management LLC now owns 36,962 shares of the financial services provider's stock worth $2,197,000 after purchasing an additional 1,611 shares during the period. Versant Capital Management Inc grew its position in Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider's stock worth $56,000 after buying an additional 160 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Unum Group by 9.4% during the 4th quarter. GAMMA Investing LLC now owns 7,893 shares of the financial services provider's stock valued at $576,000 after acquiring an additional 680 shares during the period. Hedge funds and other institutional investors own 86.57% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on Unum Group from $95.00 to $102.00 and gave the stock an "outperform" rating in a report on Monday, March 3rd. Morgan Stanley increased their price objective on shares of Unum Group from $80.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Piper Sandler lifted their target price on shares of Unum Group from $87.00 to $92.00 and gave the stock 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 company an "overweight" rating in a research report on Friday, April 11th. Finally, StockNews.com lowered Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Five equities 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's stock. Based on data from MarketBeat, Unum Group presently has an average rating of "Moderate Buy" and a consensus target price of $88.50.

Unum Group Trading Down 0.2 %

UNM stock traded down $0.17 during midday trading on Thursday, reaching $77.49. 1,397,802 shares of the company's stock traded hands, compared to its average volume of 1,312,831. Unum Group has a fifty-two week low of $48.38 and a fifty-two week high of $84.48. The business has a 50-day moving average price of $78.35 and a two-hundred day moving average price of $74.39. The company has a market capitalization of $13.66 billion, a P/E ratio of 8.18, a PEG ratio of 1.14 and a beta of 0.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28.

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

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a yield of 2.17%. Unum Group's dividend payout ratio (DPR) is 17.74%.

Unum Group declared that its board has initiated a stock buyback program 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 reacquire up to 7.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Activity at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were 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 owns 980,637 shares of the company's stock, valued at approximately $80,402,427.63. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $579,250.00. Following the sale, 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 position. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.

Unum Group 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.