Schroder Investment Management Group Sells 65,328 Shares of Unum Group (NYSE:UNM)

Schroder Investment Management Group reduced its position in Unum Group (NYSE:UNM - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 271,514 shares of the financial services provider's stock after selling 65,328 shares during the period. Schroder Investment Management Group owned about 0.15% of Unum Group worth $19,834,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Versant Capital Management Inc grew its position in Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider's stock worth $56,000 after purchasing an additional 160 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock valued at $58,000 after buying an additional 179 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Unum Group by 1.4% during the fourth quarter. QRG Capital Management Inc. now owns 13,336 shares of the financial services provider's stock valued at $974,000 after buying an additional 189 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Unum Group by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,169 shares of the financial services provider's stock valued at $2,568,000 after buying an additional 202 shares during the period. Finally, Naples Global Advisors LLC boosted its position in Unum Group by 0.6% during the 4th quarter. Naples Global Advisors LLC now owns 36,075 shares of the financial services provider's stock worth $2,635,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 86.57% of the company's stock.

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Insider Activity at Unum Group

In other news, EVP Lisa G. Iglesias sold 7,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the completion of the transaction, the executive vice president now owns 31,284 shares of the company's stock, valued at approximately $2,588,751. This represents a 18.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction dated 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 directly owns 980,637 shares in the company, valued at approximately $80,402,427.63. This trade represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler upped their target price on Unum Group from $87.00 to $92.00 and gave the company an "overweight" rating in a report on Wednesday, April 2nd. UBS Group increased their target price on shares of Unum Group from $75.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Barclays boosted their price target on shares of Unum Group from $76.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods increased their price objective on Unum Group from $90.00 to $103.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Finally, BMO Capital Markets boosted their target price on Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a research note on Monday, March 3rd. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price of $87.86.

Unum Group Stock Performance

UNM stock traded down $0.47 during midday trading on Monday, hitting $70.71. 2,620,296 shares of the company traded hands, compared to its average volume of 1,278,819. Unum Group has a twelve month low of $48.38 and a twelve month high of $84.48. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 1.14 and a beta of 0.46. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The business has a 50 day simple moving average of $78.10 and a 200-day simple moving average of $72.38.

Unum Group (NYSE:UNM - Get Free Report) last posted its 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 net margin of 13.81% and a return on equity of 14.91%. As a group, equities research analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group announced that its Board of Directors has approved a share buyback program on Tuesday, February 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 7.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.38%. Unum Group's dividend payout ratio is presently 17.74%.

Unum Group 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.