Stephens Inc. AR Has $1.32 Million Position in Unum Group (NYSE:UNM)

Stephens Inc. AR cut its holdings in shares of Unum Group (NYSE:UNM) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,066 shares of the financial services provider’s stock after selling 850 shares during the period. Stephens Inc. AR’s holdings in Unum Group were worth $1,319,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Forbes J M & Co. LLP bought a new stake in shares of Unum Group in the 4th quarter valued at about $389,000. Vest Financial LLC lifted its stake in shares of Unum Group by 30.4% in the fourth quarter. Vest Financial LLC now owns 34,103 shares of the financial services provider’s stock worth $2,491,000 after acquiring an additional 7,944 shares during the period. Barrett & Company Inc. boosted its holdings in Unum Group by 300.0% in the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Unum Group during the 4th quarter valued at approximately $4,930,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Unum Group during the 4th quarter worth approximately $531,000. 86.57% of the stock is owned by institutional investors.

Unum Group Stock Up 0.0 %

Unum Group stock opened at $75.18 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $74.21 and its two-hundred day moving average price is $65.87. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 7.94, a price-to-earnings-growth ratio of 1.17 and a beta of 0.80. Unum Group has a 1-year low of $47.65 and a 1-year high of $79.43.

Unum Group (NYSE:UNM) last released its quarterly 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%. On average, equities research analysts predict that Unum Group will post 9.12 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, January 24th. Unum Group’s payout ratio is currently 17.74%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BMO Capital Markets began coverage on shares of Unum Group in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $91.00 price objective on the stock. Wells Fargo & Company increased their price target on Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Truist Financial boosted their price objective on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods raised their target price on Unum Group from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, StockNews.com lowered Unum Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.33.

Insider Buying and Selling at Unum Group

In related news, Director Gloria C. Larson sold 10,000 shares of Unum Group stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $74.50, for a total transaction of $745,000.00. Following the sale, the director now directly owns 121,491 shares in the company, valued at approximately $9,051,079.50. This trade represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard P. Mckenney sold 58,865 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total value of $4,437,832.35. Following the completion of the transaction, the chief executive officer now owns 1,007,003 shares of the company’s stock, valued at $75,917,956.17. This trade represents a 5.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,865 shares of company stock worth $6,315,082. Corporate insiders own 0.93% of the company’s stock.

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.