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Wedge Capital Management L L P NC Has $43.61 Million Holdings in Unum Group (NYSE:UNM)

Unum Group logo with Finance background

Wedge Capital Management L L P NC trimmed its holdings in shares of Unum Group (NYSE:UNM - Free Report) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 597,138 shares of the financial services provider's stock after selling 140,902 shares during the period. Wedge Capital Management L L P NC owned approximately 0.33% of Unum Group worth $43,609,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Unum Group during the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Unum Group during the 3rd quarter worth about $37,000. V Square Quantitative Management LLC lifted its holdings in shares of Unum Group by 38.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider's stock worth $42,000 after acquiring an additional 194 shares during the period. William B. Walkup & Associates Inc. bought a new position in shares of Unum Group during the 2nd quarter worth about $44,000. Finally, Quarry LP lifted its holdings in shares of Unum Group by 4,794.7% during the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider's stock worth $55,000 after acquiring an additional 911 shares during the period. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price target 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. JPMorgan Chase & Co. reissued a "neutral" rating and set a $79.00 price target (up from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. Piper Sandler lifted their price target on shares of Unum Group from $74.00 to $82.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price target on shares of Unum Group from $74.00 to $81.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Morgan Stanley boosted their target price on shares of Unum Group from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Unum Group presently has an average rating of "Moderate Buy" and a consensus price target of $75.45.

View Our Latest Stock Report on UNM

Insider Activity at Unum Group

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at approximately $581,591.16. The trade was a 15.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the transaction, the executive vice president now owns 54,827 shares of the company's stock, valued at approximately $4,217,292.84. This represents a 15.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,914 shares of company stock worth $7,998,745. 0.93% of the stock is currently owned by company insiders.

Unum Group Trading Up 1.0 %

Shares of NYSE:UNM traded up $0.72 during trading on Friday, hitting $75.02. 911,396 shares of the company's stock were exchanged, compared to its average volume of 1,149,464. Unum Group has a 1-year low of $45.23 and a 1-year high of $77.63. The firm has a 50-day moving average price of $73.60 and a two-hundred day moving average price of $62.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market cap of $13.70 billion, a P/E ratio of 8.12, a PEG ratio of 0.97 and a beta of 0.81.

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. 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 quarter in the previous year, the company earned $1.94 EPS. Unum Group's revenue was up 4.0% on a year-over-year basis. Equities analysts predict that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group's dividend payout ratio is currently 18.18%.

Unum Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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