Corient Private Wealth LLC Sells 9,811 Shares of Unum Group (NYSE:UNM)

Corient Private Wealth LLC lowered its position in Unum Group (NYSE:UNM) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,624 shares of the financial services provider’s stock after selling 9,811 shares during the period. Corient Private Wealth LLC’s holdings in Unum Group were worth $10,270,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 160 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 179 shares during the period. CIBC Asset Management Inc grew its holdings in Unum Group by 3.4% during the third quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 180 shares during the period. QRG Capital Management Inc. grew its holdings in Unum Group by 1.4% during the fourth quarter. QRG Capital Management Inc. now owns 13,336 shares of the financial services provider’s stock valued at $974,000 after purchasing an additional 189 shares during the period. Finally, Brooklyn Investment Group grew its holdings in Unum Group by 3.1% during the third quarter. Brooklyn Investment Group now owns 6,592 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 197 shares during the period. Institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com lowered Unum Group from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Jefferies Financial Group boosted their price target on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods boosted their price target on Unum Group from $90.00 to $103.00 and gave the company an “outperform” rating in a report on Friday, February 28th. BMO Capital Markets boosted their price objective on Unum Group from $95.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 price objective (up from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.62.

Insiders Place Their Bets

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

Unum Group Price Performance

NYSE:UNM opened at $81.51 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $14.41 billion, a P/E ratio of 8.61, a P/E/G ratio of 1.14 and a beta of 0.74. Unum Group has a 12 month low of $48.38 and a 12 month high of $83.96. The business’s 50-day moving average is $76.40 and its 200 day moving average is $69.91.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. On average, equities research analysts forecast that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $1.68 annualized dividend and a yield of 2.06%. Unum Group’s payout ratio is currently 17.74%.

Unum Group declared that its board has approved a share repurchase plan on Tuesday, February 18th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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.