Unum Group (NYSE:UNM) Stock Position Lessened by Accurate Wealth Management LLC

Accurate Wealth Management LLC decreased its holdings in Unum Group (NYSE:UNM) by 48.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,731 shares of the financial services provider’s stock after selling 2,553 shares during the quarter. Accurate Wealth Management LLC’s holdings in Unum Group were worth $206,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC bought a new position in Unum Group during the fourth quarter valued at about $247,000. Stratos Wealth Partners LTD. bought a new position in Unum Group during the fourth quarter valued at about $216,000. Savant Capital LLC boosted its stake in Unum Group by 1.0% during the fourth quarter. Savant Capital LLC now owns 46,344 shares of the financial services provider’s stock valued at $3,385,000 after buying an additional 476 shares in the last quarter. Summit Trail Advisors LLC boosted its stake in Unum Group by 47.3% during the fourth quarter. Summit Trail Advisors LLC now owns 8,094 shares of the financial services provider’s stock valued at $591,000 after buying an additional 2,600 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Unum Group by 8.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 312,913 shares of the financial services provider’s stock valued at $22,828,000 after buying an additional 23,255 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Unum Group Stock Down 0.3%

Shares of Unum Group stock opened at $78.55 on Thursday. Unum Group has a 1 year low of $48.38 and a 1 year high of $84.48. The stock has a 50-day moving average price of $78.68 and a 200 day moving average price of $77.05. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The company has a market cap of $13.70 billion, a P/E ratio of 8.29, a P/E/G ratio of 1.14 and a beta of 0.43.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share 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 analysts’ expectations of $3.34 billion. During the same period last year, the business earned $2.12 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 7.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Unum Group Announces Dividend

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

Insider Transactions at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total value of $800,000.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.92% of the company’s stock.

Analyst Ratings Changes

UNM has been the subject of several research reports. Piper Sandler raised their target price on Unum Group from $87.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, April 2nd. UBS Group set a $89.00 target price on Unum Group and gave the company a “neutral” rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. upped their target price on Unum Group from $81.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Morgan Stanley upped their target price on Unum Group from $76.00 to $83.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods reduced their target price on Unum Group from $103.00 to $102.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and an average price target of $88.29.

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.