Unum Group $UNM Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Unum Group (NYSE:UNM) by 27.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 7,223 shares of the financial services provider’s stock after selling 2,705 shares during the period. SG Americas Securities LLC’s holdings in Unum Group were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in UNM. Quintet Private Bank Europe S.A. bought a new position in shares of Unum Group during the second quarter worth about $28,000. Vermillion & White Wealth Management Group LLC acquired a new position in Unum Group during the 1st quarter valued at about $30,000. Legacy Investment Solutions LLC bought a new position in Unum Group in the 2nd quarter worth about $30,000. Atwood & Palmer Inc. grew its position in Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Unum Group in the first quarter valued at approximately $35,000. 86.57% of the stock is currently owned by institutional investors.

Unum Group Price Performance

Shares of NYSE UNM opened at $76.60 on Wednesday. Unum Group has a twelve month low of $66.81 and a twelve month high of $84.48. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $76.44 and a two-hundred day moving average of $76.67. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last released its earnings results on Monday, November 3rd. The financial services provider reported $2.09 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.06). The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.13 earnings per share. Unum Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 24th were paid a $0.46 dividend. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. Unum Group’s dividend payout ratio (DPR) is currently 35.87%.

Insider Activity

In other Unum Group news, EVP Christopher W. Pyne sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $78.04, for a total value of $312,160.00. Following the completion of the transaction, the executive vice president directly owned 51,372 shares in the company, valued at $4,009,070.88. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven Andrew Zabel sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total transaction of $572,850.00. Following the completion of the transaction, the executive vice president directly owned 113,807 shares of the company’s stock, valued at $8,692,578.66. This represents a 6.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.92% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UNM. UBS Group set a $87.00 price objective on Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Wells Fargo & Company decreased their price target on Unum Group from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Morgan Stanley lifted their price objective on shares of Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Evercore ISI increased their target price on shares of Unum Group from $96.00 to $99.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price target (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.67.

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.