Unum Group (NYSE:UNM) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC cut its holdings in shares of Unum Group (NYSE:UNM) by 37.4% during the third quarter, HoldingsChannel.com reports. The fund owned 5,823 shares of the financial services provider’s stock after selling 3,484 shares during the quarter. Capstone Investment Advisors LLC’s holdings in Unum Group were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in Unum Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider’s stock worth $326,950,000 after purchasing an additional 55,014 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Unum Group by 89.8% during the second quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock worth $61,728,000 after buying an additional 571,436 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Unum Group by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock worth $70,511,000 after buying an additional 66,392 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Unum Group by 8.0% in the 2nd 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. Finally, Sei Investments Co. increased its holdings in shares of Unum Group by 9.5% in the second quarter. Sei Investments Co. now owns 413,350 shares of the financial services provider’s stock valued at $21,127,000 after purchasing an additional 35,723 shares during the period. 86.57% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the transaction, the executive vice president now directly owns 50,762 shares in the company, valued at approximately $3,554,355.24. The trade was a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 directly owns 8,361 shares in the company, valued at approximately $581,591.16. This represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 165,709 shares of company stock valued at $10,956,914 in the last ninety days. Insiders own 0.93% of the company’s stock.

Unum Group Trading Down 0.2 %

NYSE:UNM opened at $76.90 on Friday. Unum Group has a 52-week low of $42.09 and a 52-week high of $77.63. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $65.87 and a 200-day simple moving average of $57.49. The company has a market capitalization of $14.04 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76.

Unum Group (NYSE:UNM) last issued its quarterly earnings data 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. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the company posted $1.94 EPS. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Unum Group will post 8.53 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a $0.42 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. Unum Group’s dividend payout ratio is currently 18.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $66.00 target price (up previously from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Truist Financial raised their price target on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Morgan Stanley upped their price objective on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, UBS Group upgraded Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.73.

Unum Group Company Profile

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.