Unum Group (NYSE:UNM) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its holdings in Unum Group (NYSE:UNM - Free Report) by 35.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 172,918 shares of the financial services provider's stock after selling 94,323 shares during the quarter. Glenmede Trust Co. NA owned 0.09% of Unum Group worth $10,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its stake in Unum Group by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 105,831 shares of the financial services provider's stock worth $5,679,000 after purchasing an additional 5,356 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Unum Group by 15.8% during the 1st quarter. Janus Henderson Group PLC now owns 107,682 shares of the financial services provider's stock valued at $5,777,000 after buying an additional 14,674 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in 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 purchasing an additional 8,131 shares during the period. Comerica Bank increased its holdings in shares of Unum Group by 1.2% during the first 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 in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Unum Group by 33.9% in the 1st quarter. Cetera Investment Advisers now owns 32,989 shares of the financial services provider's stock worth $1,770,000 after acquiring an additional 8,359 shares during the last quarter. Hedge funds and other institutional investors own 86.57% of the company's stock.

Insider Buying and Selling at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at $581,591.16. This trade represents a 15.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lisa G. Iglesias sold 5,000 shares of Unum Group stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the sale, the executive vice president now owns 35,840 shares in the company, valued at approximately $2,602,342.40. This represents a 12.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,709 shares of company stock worth $10,956,914 over the last 90 days. Insiders own 0.93% of the company's stock.

Unum Group Trading Down 0.2 %

Shares of NYSE UNM traded down $0.17 during midday trading on Friday, hitting $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 quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $14.04 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.10 and a beta of 0.76. The company has a fifty day moving average price of $65.87 and a 200 day moving average price of $57.49. Unum Group has a 1-year low of $42.09 and a 1-year high of $77.63.

Unum Group (NYSE:UNM - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (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%. Unum Group's quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 EPS. On average, analysts predict that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a $0.42 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. Unum Group's payout ratio is 18.18%.

Wall Street Analyst Weigh In

UNM has been the topic of a number of research reports. Piper Sandler reissued an "overweight" rating and issued a $66.00 price objective (up previously from $64.00) on shares of Unum Group in a report on Friday, September 27th. Barclays upped their price objective on Unum Group from $72.00 to $74.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. UBS Group raised shares of Unum Group to a "hold" rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price objective on shares of Unum Group from $65.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Finally, Morgan Stanley upped their target price on Unum Group from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Unum Group currently has an average rating of "Moderate Buy" and an average price target of $67.73.

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.