B. Riley Wealth Advisors Inc. Sells 239 Shares of Unum Group (NYSE:UNM)

B. Riley Wealth Advisors Inc. lessened its stake in Unum Group (NYSE:UNM) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,154 shares of the financial services provider’s stock after selling 239 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Unum Group were worth $247,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new position in Unum Group in the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Unum Group in the third quarter worth $37,000. V Square Quantitative Management LLC increased its stake in shares of Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after buying an additional 194 shares during the period. Innealta Capital LLC bought a new stake in Unum Group during the 2nd quarter valued at $40,000. Finally, Family Firm Inc. bought a new stake in Unum Group in the 2nd quarter worth $41,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of Unum Group 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 sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the transaction, the executive vice president now directly owns 54,827 shares in the company, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,914 shares of company stock valued at $7,998,745 in the last quarter. 0.93% of the stock is owned by insiders.

Unum Group Trading Up 1.5 %

Shares of NYSE UNM opened at $72.01 on Friday. Unum Group has a 1 year low of $44.32 and a 1 year high of $77.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50-day moving average of $70.07 and a 200 day moving average of $59.72. The stock has a market cap of $13.15 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.06 and a beta of 0.79.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. During the same period in the previous year, the firm posted $1.94 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Unum Group will post 8.54 EPS for the current fiscal year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.33%. Unum Group’s payout ratio is presently 18.18%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UNM. Bank of America upped their price objective on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. Barclays lifted their price objective on Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley lifted their price target on shares of Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and a consensus price target of $72.09.

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.