Legal & General Group Plc Sells 54,117 Shares of Unum Group $UNM

Legal & General Group Plc reduced its stake in Unum Group (NYSE:UNM) by 11.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 407,184 shares of the financial services provider’s stock after selling 54,117 shares during the quarter. Legal & General Group Plc owned approximately 0.24% of Unum Group worth $32,884,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UNM. Quintet Private Bank Europe S.A. bought a new stake in shares of Unum Group in the 2nd quarter worth $28,000. Vermillion & White Wealth Management Group LLC purchased a new position in Unum Group during the first quarter worth about $30,000. Legacy Investment Solutions LLC bought a new stake in Unum Group in the 2nd quarter worth about $30,000. Atwood & Palmer Inc. increased its stake in Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Unum Group in the 1st quarter valued at about $35,000. 86.57% of the stock is currently owned by institutional investors.

Unum Group Price Performance

Shares of NYSE UNM opened at $76.34 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $76.47 and a two-hundred day simple moving average of $76.67. Unum Group has a 1-year low of $66.81 and a 1-year high of $84.48. The firm has a market cap of $12.77 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last issued its earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.06). The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Unum Group has set its FY 2025 guidance at EPS. Analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 24th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s dividend payout ratio is 35.87%.

Insider Transactions at Unum Group

In related news, EVP Steven Andrew Zabel sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $76.38, for a total transaction of $572,850.00. Following the sale, the executive vice president directly owned 113,807 shares in the company, valued at approximately $8,692,578.66. This represents a 6.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $78.04, for a total transaction of $312,160.00. Following the completion of the transaction, the executive vice president directly owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. This trade represents a 7.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.92% of the stock is owned by company insiders.

Analyst Ratings Changes

UNM has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $95.00 target price (down previously from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Unum Group in a report on Tuesday. JPMorgan Chase & Co. reduced their price objective on Unum Group from $94.00 to $92.00 and set a “neutral” rating for the company in a research note on Tuesday, November 4th. Morgan Stanley raised their target price on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Wells Fargo & Company lowered their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.67.

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.