Geode Capital Management LLC Sells 71,254 Shares of Unum Group (NYSE:UNM)

Geode Capital Management LLC trimmed its position in Unum Group (NYSE:UNM - Free Report) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,026,745 shares of the financial services provider's stock after selling 71,254 shares during the quarter. Geode Capital Management LLC owned 1.66% of Unum Group worth $179,955,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UNM. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $326,950,000 after purchasing an additional 55,014 shares during the last quarter. ProShare Advisors LLC grew its position 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 acquiring an additional 571,436 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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 valued at $70,511,000 after purchasing an additional 66,392 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider's stock worth $30,297,000 after purchasing an additional 307,175 shares during the last quarter. Finally, Sei Investments Co. increased its stake 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 buying an additional 35,723 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Timothy Gerald Arnold sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the sale, the executive vice president now directly owns 54,827 shares in the company, valued at approximately $4,217,292.84. This represents a 15.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction that occurred on Thursday, November 7th. The shares were 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 owns 8,361 shares of the company's stock, valued at $581,591.16. This represents a 15.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,914 shares of company stock valued at $7,998,745. 0.93% of the stock is owned by company insiders.

Unum Group Stock Performance

Shares of Unum Group stock traded down $0.25 during mid-day trading on Monday, hitting $73.58. 1,965,906 shares of the stock were exchanged, compared to its average volume of 1,253,964. Unum Group has a 12 month low of $43.65 and a 12 month high of $77.63. The company has a 50-day simple moving average of $69.03 and a 200 day simple moving average of $59.10. The company has a market capitalization of $13.44 billion, a P/E ratio of 7.95, a P/E/G ratio of 1.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.26 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business's revenue was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that Unum Group will post 8.54 earnings per share 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 paid 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 2.28%. Unum Group's payout ratio is currently 18.18%.

Analysts Set New Price Targets

UNM has been the topic of a number of research reports. Evercore ISI raised shares of Unum Group from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Barclays boosted their price objective on shares of Unum Group from $72.00 to $74.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target 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 price target on shares of Unum Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Piper Sandler reissued an "overweight" rating and set a $66.00 target price (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Unum Group currently has a consensus rating of "Moderate Buy" and an average target price of $70.64.

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.