Unum Group (NYSE:UNM) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in Unum Group (NYSE:UNM) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,965 shares of the financial services provider’s stock after selling 2,751 shares during the period. Yousif Capital Management LLC’s holdings in Unum Group were worth $4,885,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of UNM. Kestra Investment Management LLC purchased a new position in shares of Unum Group during the fourth quarter worth about $38,000. Millstone Evans Group LLC acquired a new stake in shares of Unum Group in the 4th quarter valued at about $45,000. Duncker Streett & Co. Inc. purchased a new position in Unum Group during the 4th quarter worth approximately $58,000. V Square Quantitative Management LLC increased its position in Unum Group by 36.5% during the fourth quarter. V Square Quantitative Management LLC now owns 958 shares of the financial services provider’s stock worth $70,000 after buying an additional 256 shares during the period. Finally, Venturi Wealth Management LLC increased its position in Unum Group by 30.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,206 shares of the financial services provider’s stock worth $88,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insiders Place Their Bets

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

UNM has been the topic of a number of research reports. Wall Street Zen lowered shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Piper Sandler raised their price objective 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. BMO Capital Markets lifted their price objective on shares of Unum Group from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, March 3rd. Raymond James upgraded shares of Unum Group from a “market perform” rating to a “strong-buy” rating and set a $108.00 target price for the company in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price target on Unum Group from $81.00 to $87.00 and gave the stock 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.29.

Unum Group Price Performance

Shares of NYSE:UNM opened at $78.55 on Thursday. Unum Group has a 52 week low of $48.38 and a 52 week high of $84.48. The company has a 50-day moving average price of $78.68 and a 200 day moving average price of $77.05. The company has a market cap of $13.70 billion, a P/E ratio of 8.29, a PEG ratio of 1.14 and a beta of 0.43. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 EPS for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period in the prior year, the business earned $2.12 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. Research analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group announced that its board has authorized a share repurchase program on Tuesday, February 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 7.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, April 25th. Unum Group’s dividend payout ratio (DPR) is currently 19.79%.

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.