Unum Group (NYSE:UNM) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its position in Unum Group (NYSE:UNM - Free Report) by 14.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,387 shares of the financial services provider's stock after acquiring an additional 15,251 shares during the period. Wells Fargo & Company MN owned 0.07% of Unum Group worth $8,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of Unum Group by 50.0% in the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider's stock valued at $29,554,000 after purchasing an additional 156,380 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Unum Group by 44.1% in the 4th quarter. Blue Trust Inc. now owns 16,495 shares of the financial services provider's stock worth $1,205,000 after acquiring an additional 5,047 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of Unum Group during the 4th quarter worth $8,816,000. Charles Schwab Investment Management Inc. boosted its position in shares of Unum Group by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider's stock valued at $405,481,000 after acquiring an additional 51,744 shares during the last quarter. Finally, Oak Thistle LLC grew its holdings in shares of Unum Group by 362.9% in the fourth quarter. Oak Thistle LLC now owns 19,461 shares of the financial services provider's stock valued at $1,421,000 after purchasing an additional 15,257 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Unum Group

In other Unum Group news, EVP Lisa G. Iglesias sold 7,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the completion of the transaction, the executive vice president now owns 31,284 shares in the company, valued at approximately $2,588,751. This represents a 18.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $81.99, for a total transaction of $4,099,500.00. Following the completion of the sale, the chief executive officer now directly owns 980,637 shares in the company, valued at approximately $80,402,427.63. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UNM has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Unum Group from $75.00 to $91.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Barclays raised their price objective on Unum Group from $85.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their target price on shares of Unum Group from $103.00 to $102.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their price target on shares of Unum Group from $97.00 to $95.00 and set an "overweight" rating for the company in a research report on Thursday, April 10th. Finally, Piper Sandler upped their price objective on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.36.

Unum Group Stock Up 0.2 %

UNM traded up $0.17 on Friday, reaching $75.85. The company's stock had a trading volume of 1,131,954 shares, compared to its average volume of 1,298,678. The stock has a 50 day moving average of $77.76 and a two-hundred day moving average of $73.55. Unum Group has a fifty-two week low of $48.38 and a fifty-two week high of $84.48. 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 company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 8.01, a P/E/G ratio of 1.14 and a beta of 0.46.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. As a group, analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group announced that its board has authorized a share buyback plan on Tuesday, February 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Friday, April 25th. Unum Group's dividend payout ratio is currently 17.74%.

Unum Group Company 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.