Point72 Asia Singapore Pte. Ltd. Has $1.60 Million Stock Holdings in Unum Group (NYSE:UNM)

Point72 Asia Singapore Pte. Ltd. increased its position in shares of Unum Group (NYSE:UNM) by 116.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,886 shares of the financial services provider’s stock after buying an additional 14,483 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Unum Group were worth $1,598,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in UNM. Versant Capital Management Inc grew its position in Unum Group by 361.5% during the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after buying an additional 394 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Unum Group during the second quarter worth about $26,000. 1620 Investment Advisors Inc. bought a new position in Unum Group during the second quarter worth about $29,000. Capital Performance Advisors LLP bought a new position in Unum Group during the third quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Unum Group during the third quarter worth about $37,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Stock Performance

UNM stock opened at $76.90 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The company has a 50 day moving average price of $65.87 and a 200 day moving average price of $57.56. Unum Group has a fifty-two week low of $42.09 and a fifty-two week high of $77.63. The stock has a market capitalization of $14.04 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share 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 during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the company posted $1.94 EPS. Unum Group’s revenue was up 4.0% on a year-over-year basis. Analysts forecast that Unum Group will post 8.53 EPS for the current year.

Unum Group Announces Dividend

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

Insider Buying and Selling

In other Unum Group news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the sale, the chief accounting officer now owns 8,361 shares of the company’s stock, valued at approximately $581,591.16. The trade was a 15.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the sale, the executive vice president now directly owns 58,741 shares of the company’s stock, valued at $3,768,822.56. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,709 shares of company stock worth $10,956,914 in the last quarter. Insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

UNM has been the subject of a number of analyst reports. Truist Financial raised their price target on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley raised their price target on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Barclays lifted their target price on shares of Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $66.00 target price (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.73.

About Unum Group

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.