National Bank of Canada FI Sells 36,570 Shares of Unum Group (NYSE:UNM)

National Bank of Canada FI lessened its holdings in Unum Group (NYSE:UNM - Free Report) by 27.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,358 shares of the financial services provider's stock after selling 36,570 shares during the quarter. National Bank of Canada FI owned 0.05% of Unum Group worth $7,110,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in Unum Group by 50.0% during the 3rd quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock worth $29,554,000 after buying an additional 156,380 shares in the last quarter. Blue Trust Inc. increased its position in shares of Unum Group by 44.1% in the fourth quarter. Blue Trust Inc. now owns 16,495 shares of the financial services provider's stock valued at $1,205,000 after acquiring an additional 5,047 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Unum Group during the third quarter worth about $1,074,000. Picton Mahoney Asset Management acquired a new position in Unum Group during the fourth quarter valued at approximately $8,816,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Unum Group by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock valued at $405,481,000 after purchasing an additional 51,744 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Insider Activity at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $81.99, for a total value of $4,099,500.00. Following the sale, the chief executive officer now owns 980,637 shares of the company's stock, valued at approximately $80,402,427.63. This trade represents a 4.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lisa G. Iglesias sold 7,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value of $579,250.00. Following the transaction, the executive vice president now directly owns 31,284 shares of the company's stock, valued at $2,588,751. This trade represents a 18.28 % decrease in their position. The disclosure for this sale can be found here. 0.93% of the stock is owned by insiders.

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Unum Group Stock Performance

NYSE UNM traded up $1.46 during trading on Friday, reaching $75.28. The company's stock had a trading volume of 1,921,703 shares, compared to its average volume of 1,286,562. The firm has a 50 day moving average price of $77.81 and a 200 day moving average price of $72.73. Unum Group has a 12 month low of $48.38 and a 12 month high of $84.48. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM - Get Free Report) last issued 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 return on equity of 14.91% and a net margin of 13.81%. As a group, equities analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group declared that its board has initiated a share buyback program on Tuesday, February 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, April 25th. Unum Group's payout ratio is currently 17.74%.

Analyst Ratings Changes

UNM has been the subject of several recent analyst reports. Raymond James raised Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective for the company in a report on Wednesday, March 5th. StockNews.com cut shares of Unum Group from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley raised their target price on shares of Unum Group from $80.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Piper Sandler upped their price objective on Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, April 2nd. Finally, Barclays raised their price objective on Unum Group from $85.00 to $89.00 and gave the company an "overweight" rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Unum Group currently has a consensus rating of "Moderate Buy" and an average target price of $88.36.

Unum Group Company Profile

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.