Lifestyle Asset Management Inc. Reduces Stock Holdings in Unum Group (NYSE:UNM)

Lifestyle Asset Management Inc. decreased its stake in Unum Group (NYSE:UNM) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,899 shares of the financial services provider’s stock after selling 607 shares during the quarter. Unum Group comprises 0.8% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. Lifestyle Asset Management Inc.’s holdings in Unum Group were worth $1,380,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNM. Jacobs Levy Equity Management Inc. boosted its holdings in Unum Group by 151.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after acquiring an additional 307,175 shares during the period. Franklin Resources Inc. boosted its holdings in Unum Group by 50.0% during the 3rd quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after acquiring an additional 156,380 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Unum Group by 183.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 170,100 shares of the financial services provider’s stock valued at $8,694,000 after acquiring an additional 110,100 shares during the period. International Assets Investment Management LLC boosted its holdings in Unum Group by 5,844.0% during the 3rd quarter. International Assets Investment Management LLC now owns 101,048 shares of the financial services provider’s stock valued at $6,006,000 after acquiring an additional 99,348 shares during the period. Finally, Algert Global LLC boosted its holdings in Unum Group by 69.5% during the 3rd quarter. Algert Global LLC now owns 236,264 shares of the financial services provider’s stock valued at $14,044,000 after acquiring an additional 96,916 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Activity at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher W. Pyne sold 3,250 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the transaction, the executive vice president now directly owns 50,762 shares in the company, valued at $3,554,355.24. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock valued at $7,998,745 in the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on UNM. Morgan Stanley boosted their price objective on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Bank of America boosted their price objective on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Piper Sandler upped their target price on Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Truist Financial upped their target price on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and an average price target of $76.75.

Unum Group Trading Up 0.3 %

UNM opened at $75.54 on Friday. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.07 and a beta of 0.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 12 month low of $46.39 and a 12 month high of $77.63. The stock has a fifty day moving average price of $73.86 and a 200-day moving average price of $63.41.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The firm had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. As a group, equities research analysts anticipate that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio is currently 18.18%.

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.