apricus wealth LLC Sells 2,590 Shares of Unum Group (NYSE:UNM)

apricus wealth LLC trimmed its holdings in shares of Unum Group (NYSE:UNM) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,775 shares of the financial services provider’s stock after selling 2,590 shares during the period. Unum Group accounts for approximately 3.0% of apricus wealth LLC’s holdings, making the stock its 2nd largest holding. apricus wealth LLC’s holdings in Unum Group were worth $4,657,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in Unum Group in the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Unum Group in the 3rd quarter valued at about $37,000. V Square Quantitative Management LLC grew its position in shares of Unum Group by 38.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after buying an additional 194 shares during the period. William B. Walkup & Associates Inc. bought a new stake in shares of Unum Group during the 2nd quarter valued at $44,000. Finally, Quarry LP increased its holdings in Unum Group by 4,794.7% in the third quarter. Quarry LP now owns 930 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 911 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on UNM shares. Wells Fargo & Company upped their price target on Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. BMO Capital Markets began coverage on Unum Group in a research note on Thursday. They set an “outperform” rating and a $91.00 target price for the company. Bank of America raised their target price on shares of Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Evercore ISI upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Finally, Truist Financial raised their price objective on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and a consensus target price of $76.75.

Unum Group Stock Performance

NYSE UNM opened at $75.01 on Friday. The stock has a market cap of $13.70 billion, a PE ratio of 8.12, a P/E/G ratio of 1.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50-day moving average of $73.96 and a 200-day moving average of $63.67. Unum Group has a 52-week low of $46.39 and a 52-week 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, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.94 earnings per share. On average, sell-side analysts anticipate that Unum Group will post 8.54 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be paid a $0.42 dividend. The ex-dividend date is Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.24%. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Insiders Place Their Bets

In related news, CEO Richard P. Mckenney sold 58,865 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the completion of the sale, the chief executive officer now owns 1,007,003 shares of the company’s stock, valued at $75,917,956.17. This represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This represents a 15.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,914 shares of company stock worth $7,998,745 in the last quarter. 0.93% of the stock is currently owned by corporate insiders.

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.