Vestcor Inc Has $5.27 Million Stock Holdings in Unum Group (NYSE:UNM)

Vestcor Inc lifted its position in Unum Group (NYSE:UNM - Free Report) by 156.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,728 shares of the financial services provider's stock after acquiring an additional 54,095 shares during the period. Vestcor Inc's holdings in Unum Group were worth $5,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in UNM. V Square Quantitative Management LLC acquired a new position in shares of Unum Group in the 2nd quarter valued at $26,000. Capital Performance Advisors LLP purchased a new stake in Unum Group in the third quarter valued at approximately $31,000. 1620 Investment Advisors Inc. acquired a new position in Unum Group during the second quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Unum Group during the third quarter worth $37,000. Finally, Innealta Capital LLC purchased a new stake in shares of Unum Group in the 2nd quarter valued at $40,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Unum Group

In related news, CEO Richard P. Mckenney sold 58,865 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the completion of the sale, the chief executive officer now owns 1,007,003 shares in the company, valued at $75,917,956.17. This represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold 107,914 shares of company stock valued at $7,998,745 in the last three months. Corporate insiders own 0.93% of the company's stock.

Unum Group Stock Performance

NYSE UNM traded up $0.07 on Wednesday, hitting $72.91. The stock had a trading volume of 1,320,052 shares, compared to its average volume of 1,254,370. The company's 50-day moving average is $68.49 and its two-hundred day moving average is $58.76. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 1.07 and a beta of 0.79. 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 has a one year low of $43.26 and a one year high of $77.63.

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

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group's payout ratio is currently 18.18%.

Wall Street Analyst Weigh In

UNM has been the subject of several recent research reports. Evercore ISI raised shares of Unum Group from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $67.00 to $84.00 in a research note on Thursday, November 14th. UBS Group raised Unum Group to a "hold" rating in a research report on Wednesday, October 9th. Piper Sandler reiterated an "overweight" rating and set a $66.00 price target (up previously from $64.00) on shares of Unum Group in a report on Friday, September 27th. Barclays raised their price objective on shares of Unum Group from $72.00 to $74.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Unum Group from $65.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Unum Group currently has a consensus rating of "Moderate Buy" and an average price target of $70.64.

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.