Healthcare of Ontario Pension Plan Trust Fund Sells 104,900 Shares of Unum Group (NYSE:UNM)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in Unum Group (NYSE:UNM - Free Report) by 61.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,200 shares of the financial services provider's stock after selling 104,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Unum Group were worth $3,875,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in shares of Unum Group by 89.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider's stock worth $61,728,000 after buying an additional 571,436 shares during the period. Victory Capital Management Inc. boosted its stake in Unum Group by 62.9% in the second quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider's stock valued at $57,237,000 after acquiring an additional 432,240 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Unum Group during the 2nd quarter worth $6,640,000. Hsbc Holdings PLC raised its position in shares of Unum Group by 106.4% during the 2nd quarter. Hsbc Holdings PLC now owns 233,881 shares of the financial services provider's stock valued at $11,915,000 after acquiring an additional 120,559 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Unum Group by 5,844.0% in the 3rd quarter. International Assets Investment Management LLC now owns 101,048 shares of the financial services provider's stock valued at $6,006,000 after purchasing an additional 99,348 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UNM has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Unum Group from $54.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Truist Financial boosted their price objective on shares of Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a report on Friday, November 1st. UBS Group raised Unum Group to a "hold" rating in a research note on Wednesday, October 9th. Barclays lifted their target price on Unum Group from $72.00 to $74.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their price target on Unum Group from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $67.73.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the completion of the transaction, the executive vice president now directly owns 58,741 shares in the company, valued at approximately $3,768,822.56. The trade was a 7.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Richard P. Mckenney sold 67,795 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total value of $3,727,369.10. Following the completion of the sale, the chief executive officer now owns 1,065,868 shares in the company, valued at approximately $58,601,422.64. This trade represents a 5.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,709 shares of company stock valued at $10,956,914. 0.93% of the stock is owned by insiders.

Unum Group Stock Down 0.2 %

Shares of UNM stock traded down $0.17 during trading on Friday, reaching $76.90. The company's stock had a trading volume of 459,395 shares, compared to its average volume of 1,336,068. Unum Group has a one year low of $42.09 and a one year high of $77.63. The business has a fifty day moving average price of $65.87 and a 200-day moving average price of $57.52. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth 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.

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 the consensus estimate of $2.10 by $0.03. The firm had revenue of $3.22 billion for the quarter, compared to analysts' expectations of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 EPS. Analysts anticipate that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Dividend Announcement

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 dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, October 25th. Unum Group's dividend payout ratio (DPR) is 18.18%.

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.