Unum Group (NYSE:UNM) Holdings Cut by Blue Trust Inc.

Blue Trust Inc. lowered its position in Unum Group (NYSE:UNM) by 6.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,381 shares of the financial services provider’s stock after selling 237 shares during the quarter. Blue Trust Inc.’s holdings in Unum Group were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UNM. Vanguard Group Inc. increased its stake in shares of Unum Group by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 20,497,586 shares of the financial services provider’s stock valued at $1,496,939,000 after acquiring an additional 1,596,078 shares during the period. Norges Bank acquired a new position in shares of Unum Group during the fourth quarter valued at approximately $1,003,918,000. Charles Schwab Investment Management Inc. increased its stake in shares of Unum Group by 0.9% during the fourth 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 period. Northern Trust Corp increased its stake in shares of Unum Group by 33.2% during the fourth quarter. Northern Trust Corp now owns 1,930,349 shares of the financial services provider’s stock valued at $140,973,000 after acquiring an additional 480,926 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Unum Group by 15.4% during the fourth quarter. First Trust Advisors LP now owns 1,708,452 shares of the financial services provider’s stock valued at $124,768,000 after acquiring an additional 227,644 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on UNM. Keefe, Bruyette & Woods lowered their price objective 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. Wall Street Zen cut shares of Unum Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. UBS Group set a $89.00 target price on shares of Unum Group and gave the stock a “neutral” rating in a report on Friday, May 23rd. Raymond James Financial upgraded shares of Unum Group from a “market perform” rating to a “strong-buy” rating and set a $108.00 target price for the company in a report on Wednesday, March 5th. Finally, Piper Sandler raised their target price on shares of Unum Group from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $88.29.

Unum Group Trading Up 1.0%

Shares of NYSE:UNM opened at $80.04 on Tuesday. The firm has a fifty day moving average of $79.45 and a two-hundred day moving average of $77.20. The firm has a market capitalization of $13.96 billion, a P/E ratio of 9.43, a price-to-earnings-growth ratio of 1.24 and a beta of 0.43. Unum Group has a 12-month low of $49.63 and a 12-month high of $84.48. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.15). The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.34 billion. Unum Group had a net margin of 12.31% and a return on equity of 14.17%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business earned $2.12 EPS. On average, equities analysts expect that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, April 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.10%. Unum Group’s dividend payout ratio is currently 19.79%.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $80.00, for a total transaction of $800,000.00. Following the transaction, the executive vice president now owns 51,170 shares in the company, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.93% of the stock is owned by insiders.

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.