Unum Group (NYSE:UNM) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. cut its position in shares of Unum Group (NYSE:UNM) by 10.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,481 shares of the financial services provider’s stock after selling 652 shares during the quarter. Freedom Investment Management Inc.’s holdings in Unum Group were worth $326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Unum Group by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 105,831 shares of the financial services provider’s stock valued at $5,679,000 after purchasing an additional 5,356 shares during the period. Janus Henderson Group PLC lifted its holdings in Unum Group by 15.8% in the 1st quarter. Janus Henderson Group PLC now owns 107,682 shares of the financial services provider’s stock worth $5,777,000 after buying an additional 14,674 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Unum Group by 175.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,763 shares of the financial services provider’s stock valued at $628,000 after buying an additional 8,131 shares during the last quarter. Comerica Bank grew its stake in shares of Unum Group by 1.2% during the first quarter. Comerica Bank now owns 137,687 shares of the financial services provider’s stock valued at $7,388,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Unum Group by 33.9% during the first quarter. Cetera Investment Advisers now owns 32,989 shares of the financial services provider’s stock worth $1,770,000 after acquiring an additional 8,359 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Gloria C. Larson sold 10,000 shares of Unum Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $74.50, for a total value of $745,000.00. Following the transaction, the director now directly owns 121,491 shares in the company, valued at approximately $9,051,079.50. The trade was a 7.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard P. Mckenney sold 67,795 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.98, for a total value of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. This represents a 5.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,709 shares of company stock valued at $10,956,914 over the last 90 days. 0.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UNM. Bank of America upped their target price on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Barclays boosted their target price on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Finally, Piper Sandler reissued an “overweight” rating and issued a $66.00 price objective (up from $64.00) on shares of Unum Group in a report on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.73.

Unum Group Stock Down 0.2 %

Shares of Unum Group stock opened at $76.90 on Friday. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.10 and a beta of 0.76. The business’s 50 day simple moving average is $65.87 and its 200-day simple moving average is $57.52. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a twelve month low of $42.09 and a twelve month high of $77.63.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a $0.42 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a yield of 2.18%. Unum Group’s dividend payout ratio (DPR) is currently 18.18%.

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.