Unum Group (NYSE:UNM) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in Unum Group (NYSE:UNM) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 597,138 shares of the financial services provider’s stock after selling 140,902 shares during the period. Wedge Capital Management L L P NC owned about 0.33% of Unum Group worth $43,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Unum Group during the 3rd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Unum Group during the third quarter worth $37,000. V Square Quantitative Management LLC lifted its holdings in Unum Group by 38.2% during the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 194 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new stake in shares of Unum Group in the second quarter valued at about $44,000. Finally, Quarry LP increased its stake in shares of Unum Group by 4,794.7% during the third quarter. Quarry LP now owns 930 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 911 shares in the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Up 1.0 %

UNM stock opened at $75.02 on Friday. Unum Group has a one year low of $45.23 and a one year high of $77.63. The firm has a market cap of $13.70 billion, a PE ratio of 8.12, a PEG ratio of 0.97 and a beta of 0.81. The firm’s 50 day moving average price is $73.60 and its 200-day moving average price is $62.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28.

Unum Group (NYSE:UNM) last announced its quarterly 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 business had revenue of $3.22 billion for 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 company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 EPS. On average, equities research analysts anticipate that Unum Group will post 8.54 EPS for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio is presently 18.18%.

Insider Activity

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares of the company’s stock, valued at approximately $581,591.16. This represents a 15.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the sale, the executive vice president now owns 54,827 shares in the company, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,914 shares of company stock valued at $7,998,745. Company insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on UNM. Wells Fargo & Company lifted their price objective on Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley boosted 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. UBS Group upgraded Unum Group to a “hold” rating in a report on Wednesday, October 9th. Piper Sandler upped their target price on shares of Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Truist Financial raised their price target on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.45.

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.