Kingsview Wealth Management LLC Sells 50,751 Shares of Unum Group (NYSE:UNM)

Kingsview Wealth Management LLC trimmed its position in Unum Group (NYSE:UNM - Free Report) by 91.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,974 shares of the financial services provider's stock after selling 50,751 shares during the period. Kingsview Wealth Management LLC's holdings in Unum Group were worth $363,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vest Financial LLC raised its position in shares of Unum Group by 30.4% in the 4th quarter. Vest Financial LLC now owns 34,103 shares of the financial services provider's stock valued at $2,491,000 after acquiring an additional 7,944 shares during the period. Barrett & Company Inc. raised its holdings in Unum Group by 300.0% during the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after buying an additional 297 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Unum Group during the 4th quarter worth approximately $4,930,000. Measured Wealth Private Client Group LLC acquired a new stake in Unum Group during the 4th quarter worth approximately $531,000. Finally, Bleakley Financial Group LLC raised its holdings in Unum Group by 3.5% during the 4th quarter. Bleakley Financial Group LLC now owns 7,044 shares of the financial services provider's stock worth $514,000 after buying an additional 235 shares during the period. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Down 1.3 %

Shares of NYSE:UNM traded down $1.02 during midday trading on Monday, hitting $74.42. The stock had a trading volume of 1,150,117 shares, compared to its average volume of 1,087,356. Unum Group has a 12 month low of $48.28 and a 12 month high of $79.43. 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 simple moving average is $74.19 and its 200-day simple moving average is $66.35. The company has a market cap of $13.59 billion, a P/E ratio of 7.86, a PEG ratio of 1.17 and a beta of 0.80.

Unum Group (NYSE:UNM - Get Free Report) last released its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share 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%. On average, sell-side analysts forecast that Unum Group will post 9.12 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.26%. Unum Group's dividend payout ratio is presently 17.74%.

Insider Activity at Unum Group

In other Unum Group news, EVP Lisa G. Iglesias sold 5,000 shares of Unum Group stock in a transaction on 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 transaction, the executive vice president now directly owns 35,840 shares of the company's stock, valued at $2,602,342.40. The trade was a 12.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the transaction, the executive vice president now directly owns 54,827 shares of the company's stock, valued at approximately $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,865 shares of company stock valued at $6,315,082. 0.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on UNM shares. Piper Sandler raised their target price on shares of Unum Group from $82.00 to $87.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. restated a "neutral" rating and set a $79.00 target price (up from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. BMO Capital Markets started coverage on shares of Unum Group in a report on Thursday, January 23rd. They set an "outperform" rating and a $91.00 target price on the stock. Jefferies Financial Group raised their target price 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. Finally, StockNews.com upgraded shares of Unum Group from a "hold" rating to a "buy" rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Unum Group presently has a consensus rating of "Moderate Buy" and an average target price of $80.33.

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.