Great Diamond Partners LLC Sells 182 Shares of Unum Group (NYSE:UNM)

Great Diamond Partners LLC cut its holdings in Unum Group (NYSE:UNM) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,684 shares of the financial services provider’s stock after selling 182 shares during the period. Great Diamond Partners LLC’s holdings in Unum Group were worth $2,606,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of UNM. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Unum Group by 151.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after buying an additional 307,175 shares during the last quarter. Franklin Resources Inc. grew its position in shares of 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 increased its stake in shares of 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 worth $8,694,000 after purchasing an additional 110,100 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Unum Group by 5,844.0% in the 3rd 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 stake in Unum Group by 69.5% in the third quarter. Algert Global LLC now owns 236,264 shares of the financial services provider’s stock valued at $14,044,000 after purchasing an additional 96,916 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UNM shares. Barclays raised their target price on Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. UBS Group raised Unum Group to a “hold” rating in a report on Wednesday, October 9th. Truist Financial upped their price objective on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Evercore ISI upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price target (up from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Insider Transactions at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares of the company’s stock, valued at $581,591.16. This represents a 15.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 3,250 shares of Unum Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total value of $227,565.00. Following the sale, the executive vice president now directly owns 50,762 shares of the company’s stock, valued at approximately $3,554,355.24. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,914 shares of company stock valued at $7,677,945. 0.93% of the stock is owned by corporate insiders.

Unum Group Stock Performance

NYSE UNM opened at $76.25 on Friday. The company’s 50 day simple moving average is $74.23 and its two-hundred day simple moving average is $64.52. 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 $46.39 and a 1 year high of $77.69. The stock has a market capitalization of $13.92 billion, a PE ratio of 8.25, a P/E/G ratio of 1.09 and a beta of 0.81.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The company 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 firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.94 earnings per share. Analysts predict that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. Unum Group’s dividend payout ratio (DPR) is presently 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.