Unum Group (NYSE:UNM) Shares Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 116.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,886 shares of the financial services provider's stock after purchasing an additional 14,483 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Unum Group were worth $1,598,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of Unum Group by 361.5% in the 2nd quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider's stock worth $26,000 after buying an additional 394 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Unum Group during the second quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Unum Group during the 3rd quarter valued at $31,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Unum Group in the 2nd quarter worth $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group during the 3rd quarter worth $37,000. Institutional investors own 86.57% of the company's stock.

Insider Buying and Selling at Unum Group

In related news, CEO Richard P. Mckenney sold 67,795 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares in the company, valued at approximately $58,601,422.64. The trade was a 5.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lisa G. Iglesias sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the completion of the sale, the executive vice president now owns 35,840 shares of the company's stock, valued at approximately $2,602,342.40. The trade was a 12.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,709 shares of company stock valued at $10,956,914 over the last quarter. 0.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UNM shares. JPMorgan Chase & Co. reduced their target price on Unum Group from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Truist Financial upped their target price on Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Piper Sandler reissued an "overweight" rating and set a $66.00 price target (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. UBS Group upgraded shares of Unum Group to a "hold" rating in a research report on Wednesday, October 9th. Finally, Barclays increased their price target on Unum Group from $72.00 to $74.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Unum Group has an average rating of "Moderate Buy" and an average target price of $67.73.

Unum Group Price Performance

Shares of UNM stock traded down $0.40 during trading hours on Monday, hitting $76.50. 348,755 shares of the company's stock were exchanged, compared to its average volume of 1,249,653. Unum Group has a fifty-two week low of $42.09 and a fifty-two week high of $77.63. The firm has a market cap of $13.97 billion, a P/E ratio of 8.32, a P/E/G ratio of 1.10 and a beta of 0.76. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $65.87 and a two-hundred day moving average of $57.56.

Unum Group (NYSE:UNM - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts' consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company had revenue of $3.22 billion during the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Unum Group will post 8.53 EPS for the current year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 annualized dividend and a yield of 2.20%. Unum Group's dividend payout ratio (DPR) is currently 18.18%.

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.