Public Employees Retirement System of Ohio Sells 6,823 Shares of Unum Group (NYSE:UNM)

Public Employees Retirement System of Ohio trimmed its holdings in Unum Group (NYSE:UNM - Free Report) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,309 shares of the financial services provider's stock after selling 6,823 shares during the period. Public Employees Retirement System of Ohio owned 0.06% of Unum Group worth $6,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in UNM. 1620 Investment Advisors Inc. acquired a new stake in Unum Group during the second quarter worth about $29,000. Capital Performance Advisors LLP bought a new stake in shares of Unum Group during the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Unum Group during the 3rd quarter worth approximately $37,000. Innealta Capital LLC bought a new position in Unum Group in the second quarter valued at approximately $40,000. Finally, Family Firm Inc. acquired a new position in Unum Group during the second quarter valued at approximately $41,000. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial raised their target price on Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 1st. Wells Fargo & Company raised their price objective on Unum Group from $69.00 to $71.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. UBS Group upgraded Unum Group to a "hold" rating in a research report on Wednesday, October 9th. Barclays increased their target price on shares of Unum Group from $72.00 to $74.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. decreased their price target 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.64.

Unum Group Trading Up 0.3 %

UNM traded up $0.23 during trading on Friday, reaching $73.83. 851,362 shares of the company's stock were exchanged, compared to its average volume of 1,251,010. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a one year low of $43.26 and a one year high of $77.63. The firm has a fifty day moving average price of $69.03 and a two-hundred day moving average price of $59.06. The stock has a market capitalization of $13.48 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of 1.04 and a beta of 0.79.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping 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 net margin of 13.76% and a return on equity of 15.21%. Unum Group's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share. As a group, equities research analysts forecast 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. Shareholders of record on Friday, October 25th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.28%. Unum Group's dividend payout ratio (DPR) is presently 18.18%.

Insider Activity

In related news, 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 value of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at $581,591.16. The trade was a 15.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher W. Pyne sold 3,250 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total value of $227,565.00. Following the sale, the executive vice president now owns 50,762 shares of the company's stock, valued at approximately $3,554,355.24. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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 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.