Trexquant Investment LP Lowers Position in Unum Group (NYSE:UNM)

Trexquant Investment LP cut its position in shares of Unum Group (NYSE:UNM - Free Report) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,903 shares of the financial services provider's stock after selling 93,814 shares during the quarter. Trexquant Investment LP owned about 0.09% of Unum Group worth $11,678,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UNM. Vanguard Group Inc. increased its position in Unum Group by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider's stock valued at $1,496,939,000 after buying an additional 1,596,078 shares in the last quarter. Norges Bank purchased a new position in shares of Unum Group in the 4th quarter worth approximately $1,003,918,000. Charles Schwab Investment Management Inc. grew its stake in Unum Group by 0.9% in the 4th 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 during the period. Victory Capital Management Inc. boosted its stake in Unum Group by 23.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,462,917 shares of the financial services provider's stock valued at $106,837,000 after acquiring an additional 276,655 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in Unum Group by 44.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,264,994 shares of the financial services provider's stock worth $92,383,000 after buying an additional 392,191 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Remove Ads

Insider Buying and Selling at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the 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 transaction, the chief executive officer now owns 980,637 shares of the company's stock, valued at approximately $80,402,427.63. This represents a 4.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Monday, March 3rd. The shares were sold at an average price of $82.75, for a total value of $579,250.00. Following the sale, 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 disclosure for this sale can be found here. Company insiders own 0.93% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on UNM shares. Piper Sandler raised their price objective on shares of Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, April 2nd. UBS Group lifted their target price on Unum Group from $75.00 to $91.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Jefferies Financial Group increased their price target on shares of Unum Group from $91.00 to $96.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Morgan Stanley boosted their price objective 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. Finally, StockNews.com cut shares of Unum Group from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.86.

Unum Group Stock Down 1.3 %

Shares of NYSE UNM traded down $0.91 during trading on Monday, reaching $70.26. The company had a trading volume of 1,229,420 shares, compared to its average volume of 1,273,477. Unum Group has a 12-month low of $48.38 and a 12-month high of $84.48. 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's 50-day moving average is $78.19 and its 200 day moving average is $72.28. The stock has a market cap of $12.42 billion, a PE ratio of 7.39, a P/E/G ratio of 1.14 and a beta of 0.46.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate 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 analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 7.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.68 annualized dividend and a yield of 2.39%. Unum Group's payout ratio is 17.74%.

About Unum Group

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.