Unum Group (NYSE:UNM) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. decreased its position in Unum Group (NYSE:UNM) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 85,445 shares of the financial services provider’s stock after selling 394 shares during the period. First Horizon Advisors Inc.’s holdings in Unum Group were worth $3,864,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Unum Group by 79.8% in the fourth quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider’s stock valued at $88,616,000 after acquiring an additional 866,531 shares in the last quarter. American Century Companies Inc. lifted its position in Unum Group by 14.9% during the third quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider’s stock worth $10,963,000 after buying an additional 28,898 shares during the period. Boone Capital Management LLC lifted its position in Unum Group by 1.2% during the third quarter. Boone Capital Management LLC now owns 867,565 shares of the financial services provider’s stock worth $42,676,000 after buying an additional 10,000 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Unum Group by 91.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 63,810 shares of the financial services provider’s stock worth $3,138,000 after buying an additional 30,555 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Unum Group by 154.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,915 shares of the financial services provider’s stock worth $2,302,000 after buying an additional 30,908 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In other news, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the transaction, the chief executive officer now owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Richard P. Mckenney sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the completion of the transaction, the chief executive officer now owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,000 shares of company stock worth $4,018,100. 0.93% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on UNM. JPMorgan Chase & Co. upped their price target on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Morgan Stanley increased their target price on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Truist Financial increased their target price on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group increased their target price on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.38.

Unum Group Stock Down 0.1 %

NYSE UNM traded down $0.06 during mid-day trading on Friday, reaching $51.63. 983,557 shares of the company’s stock traded hands, compared to its average volume of 1,404,847. Unum Group has a 1-year low of $41.75 and a 1-year high of $54.57. The company has a fifty day simple moving average of $51.51 and a 200-day simple moving average of $47.72. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.34. The company has a market cap of $9.91 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 1.04 and a beta of 0.87.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm earned $1.87 EPS. Unum Group’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts expect that Unum Group will post 8.18 EPS for the current year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be given a $0.365 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.46 annualized dividend and a dividend yield of 2.83%. Unum Group’s payout ratio is 21.69%.

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.