Caisse DE Depot ET Placement DU Quebec Purchases New Stake in Unum Group (NYSE:UNM)

Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Unum Group (NYSE:UNM - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 55,692 shares of the financial services provider's stock, valued at approximately $3,310,000.

Several other large investors have also made changes to their positions in the company. ProShare Advisors LLC raised its holdings in Unum Group by 89.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider's stock worth $61,728,000 after purchasing an additional 571,436 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Unum Group by 62.9% in the second quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider's stock valued at $57,237,000 after acquiring an additional 432,240 shares during the last quarter. Neo Ivy Capital Management bought a new position in Unum Group in the second quarter valued at approximately $6,640,000. Hsbc Holdings PLC grew its holdings in Unum Group by 106.4% during the 2nd quarter. Hsbc Holdings PLC now owns 233,881 shares of the financial services provider's stock worth $11,915,000 after acquiring an additional 120,559 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position 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 valued at $8,694,000 after acquiring an additional 110,100 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UNM shares. JPMorgan Chase & Co. decreased their price objective on Unum Group from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Truist Financial boosted their target price on Unum Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Bank of America increased their price target on shares of Unum Group from $54.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Barclays boosted their price objective on shares of Unum Group from $72.00 to $74.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, Evercore ISI upgraded shares of Unum Group from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $67.73.

Insider Transactions at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,361 shares of the company's stock, valued at approximately $581,591.16. This represents a 15.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was 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 $4,217,292.84. This trade represents a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,709 shares of company stock valued at $11,726,114 over the last 90 days. 0.93% of the stock is owned by corporate insiders.

Unum Group Stock Down 0.4 %

UNM traded down $0.31 during trading on Tuesday, hitting $76.04. The company had a trading volume of 1,229,827 shares, compared to its average volume of 1,252,618. The firm's 50-day moving average price is $66.23 and its 200 day moving average price is $57.72. The company has a market capitalization of $13.89 billion, a PE ratio of 8.23, a PEG ratio of 1.09 and a beta of 0.79. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a one year low of $42.09 and a one year high of $77.63.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts' consensus estimates of $2.10 by $0.03. The company 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 earnings per share. As a group, equities analysts expect that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a $0.42 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. 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.