UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Unum Group (NYSE:UNM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Unum Group (NYSE:UNM) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 661,999 shares of the financial services provider’s stock after selling 16,950 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.36% of Unum Group worth $39,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of UNM. Wedge Capital Management L L P NC lifted its holdings in Unum Group by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock valued at $44,609,000 after acquiring an additional 64,661 shares during the period. Cetera Advisors LLC bought a new position in shares of Unum Group in the 1st quarter worth approximately $703,000. Van ECK Associates Corp purchased a new position in shares of Unum Group in the second quarter worth approximately $3,945,000. My Legacy Advisors LLC bought a new stake in Unum Group during the second quarter valued at approximately $473,000. Finally, CoreCap Advisors LLC purchased a new stake in Unum Group during the second quarter valued at approximately $2,007,000. Institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling

In other news, EVP Lisa G. Iglesias sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total value of $363,050.00. Following the sale, the executive vice president now directly owns 35,840 shares in the company, valued at $2,602,342.40. The trade was a 12.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the completion of the transaction, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,709 shares of company stock worth $11,726,114. Corporate insiders own 0.93% of the company’s stock.

Unum Group Trading Down 0.4 %

UNM stock opened at $76.04 on Wednesday. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.09 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a 1-year low of $42.09 and a 1-year high of $77.63. The business has a 50 day simple moving average of $66.61 and a two-hundred day simple moving average of $57.88.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 13.76% and a return on equity of 15.21%. Unum Group’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. Research analysts anticipate that Unum Group will post 8.53 EPS for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.21%. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Wall Street Analysts Forecast Growth

UNM has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Bank of America lifted their target price on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley upped their price target on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $66.00 price objective (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Finally, UBS Group raised shares of Unum Group to a “hold” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.73.

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.