Unum Group (NYSE:UNM) Position Lowered by Amalgamated Bank

Amalgamated Bank reduced its position in Unum Group (NYSE:UNM) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,347 shares of the financial services provider’s stock after selling 2,080 shares during the quarter. Amalgamated Bank’s holdings in Unum Group were worth $5,868,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allianz Asset Management GmbH increased its holdings in shares of Unum Group by 44.9% in the 4th quarter. Allianz Asset Management GmbH now owns 1,264,994 shares of the financial services provider’s stock valued at $92,383,000 after acquiring an additional 392,191 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after purchasing an additional 307,175 shares during the last quarter. Franklin Resources Inc. increased its stake in Unum Group by 50.0% during the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after purchasing an additional 156,380 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Unum Group by 5,844.0% during the third quarter. International Assets Investment Management LLC now owns 101,048 shares of the financial services provider’s stock worth $6,006,000 after purchasing an additional 99,348 shares during the period. Finally, Algert Global LLC lifted its position in shares of Unum Group by 69.5% in the 3rd quarter. Algert Global LLC now owns 236,264 shares of the financial services provider’s stock worth $14,044,000 after buying an additional 96,916 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UNM. Jefferies Financial Group boosted their price objective on shares of Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. StockNews.com cut Unum Group from a “buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets initiated coverage on Unum Group in a report on Thursday, January 23rd. They issued an “outperform” rating and a $91.00 price target on the stock. Piper Sandler upped their price objective on Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 target price (up from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.17.

Unum Group Trading Up 5.8 %

NYSE:UNM opened at $81.74 on Friday. The stock has a market cap of $14.93 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.14 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. Unum Group has a 1 year low of $48.38 and a 1 year high of $83.96. The business has a fifty day moving average of $74.51 and a 200-day moving average of $67.33.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. Equities analysts predict that Unum Group will post 9.14 earnings per share for the current year.

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

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.06%. Unum Group’s dividend payout ratio is presently 17.74%.

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.