FMR LLC lowered its holdings in Unum Group (NYSE:UNM - Free Report) by 20.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,970,250 shares of the financial services provider's stock after selling 3,294,826 shares during the period. FMR LLC owned 7.10% of Unum Group worth $770,952,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Unum Group by 5.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 105,831 shares of the financial services provider's stock valued at $5,679,000 after purchasing an additional 5,356 shares in the last quarter. Janus Henderson Group PLC grew its stake in Unum Group by 15.8% during the first quarter. Janus Henderson Group PLC now owns 107,682 shares of the financial services provider's stock worth $5,777,000 after buying an additional 14,674 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Unum Group by 175.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 12,763 shares of the financial services provider's stock worth $628,000 after acquiring an additional 8,131 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Unum Group by 80.7% in the 1st quarter. Tidal Investments LLC now owns 64,008 shares of the financial services provider's stock valued at $3,436,000 after acquiring an additional 28,580 shares during the period. Finally, Comerica Bank raised its stake in shares of Unum Group by 1.2% in the 1st quarter. Comerica Bank now owns 137,687 shares of the financial services provider's stock valued at $7,388,000 after acquiring an additional 1,600 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Unum Group
In other news, CEO Richard P. Mckenney sold 67,795 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the completion of the transaction, the chief executive officer now directly owns 1,065,868 shares in the company, valued at approximately $58,601,422.64. The trade was a 5.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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. The trade was a 15.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,709 shares of company stock valued at $10,956,914 in the last quarter. Insiders own 0.93% of the company's stock.
Wall Street Analyst Weigh In
UNM has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Unum Group from $69.00 to $71.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Morgan Stanley raised their target price on Unum Group from $62.00 to $64.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Bank of America upped their price target on Unum Group from $54.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. UBS Group upgraded shares of Unum Group to a "hold" rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Unum Group from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $67.73.
Check Out Our Latest Analysis on UNM
Unum Group Stock Down 0.2 %
NYSE:UNM traded down $0.17 during mid-day trading on Friday, reaching $76.90. The stock had a trading volume of 459,395 shares, compared to its average volume of 1,253,639. 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 company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.10 and a beta of 0.76. Unum Group has a 1-year low of $42.09 and a 1-year high of $77.63. The stock's 50 day simple moving average is $65.48 and its two-hundred day simple moving average is $57.32.
Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the business earned $1.94 EPS. The business's quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Unum Group will post 8.53 EPS for the current year.
Unum Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group's dividend payout ratio (DPR) is presently 18.18%.
Unum Group Profile
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Free Report)
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.
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