Nordea Investment Management AB Sells 780,828 Shares of Unum Group (NYSE:UNM)

Nordea Investment Management AB reduced its holdings in Unum Group (NYSE:UNM - Free Report) by 34.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,483,980 shares of the financial services provider's stock after selling 780,828 shares during the quarter. Nordea Investment Management AB owned approximately 0.81% of Unum Group worth $108,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Unum Group in the third quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Unum Group in the third quarter worth about $37,000. V Square Quantitative Management LLC boosted its position in shares of Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider's stock worth $42,000 after buying an additional 194 shares during the period. William B. Walkup & Associates Inc. purchased a new stake in shares of Unum Group in the second quarter worth about $44,000. Finally, Quarry LP boosted its holdings in Unum Group by 4,794.7% in the third quarter. Quarry LP now owns 930 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 911 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Price Performance

Shares of UNM traded up $0.09 during trading hours on Tuesday, hitting $73.36. 1,085,307 shares of the company were exchanged, compared to its average volume of 1,115,252. The company has a market capitalization of $13.40 billion, a PE ratio of 7.94, a PEG ratio of 1.06 and a beta of 0.81. 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 firm has a fifty day simple moving average of $72.27 and a 200-day simple moving average of $61.56. Unum Group has a one year low of $44.83 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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the business posted $1.94 earnings per share. The firm's revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group's dividend payout ratio (DPR) is currently 18.18%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group raised Unum Group to a "hold" rating in a report on Wednesday, October 9th. Bank of America upped their price objective on Unum Group from $54.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Piper Sandler upped their price objective on Unum Group from $74.00 to $82.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Evercore ISI upgraded Unum Group from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $67.00 to $84.00 in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $79.00 price objective (up previously from $74.00) on shares of Unum Group in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $74.55.

Insider Activity

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now owns 54,827 shares in the company, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business's stock in a transaction 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 directly owns 8,361 shares of the company's stock, valued at $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,914 shares of company stock worth $7,998,745. Insiders own 0.93% of the company's stock.

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.