Principal Financial Group Inc. lowered its holdings in Unum Group (NYSE:UNM - Free Report) by 33.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 397,292 shares of the financial services provider's stock after selling 197,056 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Unum Group worth $23,615,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in Unum Group by 7.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 352,145 shares of the financial services provider's stock worth $17,998,000 after acquiring an additional 24,082 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Unum Group by 5.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,042 shares of the financial services provider's stock worth $2,149,000 after purchasing an additional 2,156 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Unum Group during the 2nd quarter valued at about $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Unum Group during the 2nd quarter valued at about $1,032,000. Finally, International Assets Investment Management LLC bought a new stake in Unum Group in the 2nd quarter worth approximately $87,000. Institutional investors own 86.57% of the company's stock.
Insiders Place Their Bets
In other Unum Group news, CEO Richard P. Mckenney sold 58,865 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total value of $4,437,832.35. Following the transaction, the chief executive officer now directly owns 1,007,003 shares in the company, valued at approximately $75,917,956.17. This trade represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business'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 sale, the executive vice president now directly owns 54,827 shares of the company's stock, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,914 shares of company stock valued at $7,998,745. Company insiders own 0.93% of the company's stock.
Unum Group Stock Up 0.6 %
Unum Group stock traded up $0.43 during mid-day trading on Thursday, reaching $73.77. The stock had a trading volume of 432,999 shares, compared to its average volume of 1,266,086. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a one year low of $44.81 and a one year high of $77.63. The company has a 50-day moving average price of $70.66 and a two-hundred day moving average price of $60.17.
Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly 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. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the company posted $1.94 earnings per share. The company's quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts expect that Unum Group will post 8.54 EPS for the current fiscal year.
Unum Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group's dividend payout ratio is currently 18.18%.
Analysts Set New Price Targets
Several research firms have issued reports on UNM. UBS Group upgraded shares of Unum Group to a "hold" rating in a research report on Wednesday, October 9th. Piper Sandler lifted their price objective on Unum Group from $74.00 to $82.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Truist Financial increased their target price on Unum Group from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Bank of America raised their target price on Unum Group from $54.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Finally, Barclays upped their price target on Unum Group from $72.00 to $74.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $72.09.
Check Out Our Latest Stock Analysis on Unum Group
About Unum Group
(
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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