Mather Group LLC. Reduces Position in Unum Group (NYSE:UNM)

Mather Group LLC. trimmed its stake in Unum Group (NYSE:UNM) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,028 shares of the financial services provider’s stock after selling 273 shares during the period. Mather Group LLC.’s holdings in Unum Group were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Retirement Systems of Alabama increased its position in Unum Group by 20.4% in the fourth quarter. Retirement Systems of Alabama now owns 521,727 shares of the financial services provider’s stock worth $23,592,000 after buying an additional 88,524 shares in the last quarter. Consolidated Planning Corp increased its holdings in Unum Group by 9.4% in the 4th quarter. Consolidated Planning Corp now owns 5,603 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 483 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Unum Group by 72.0% in the 4th quarter. Russell Investments Group Ltd. now owns 226,051 shares of the financial services provider’s stock worth $10,223,000 after acquiring an additional 94,639 shares in the last quarter. Alaska Permanent Fund Corp raised its stake in Unum Group by 18.8% during the 4th quarter. Alaska Permanent Fund Corp now owns 60,803 shares of the financial services provider’s stock worth $2,750,000 after acquiring an additional 9,603 shares during the period. Finally, Watershed Asset Management L.L.C. lifted its holdings in Unum Group by 32.6% during the fourth quarter. Watershed Asset Management L.L.C. now owns 6,672 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 1,639 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

Unum Group Stock Down 0.1 %

Shares of UNM opened at $51.63 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.28 and a quick ratio of 0.27. The stock has a market capitalization of $9.78 billion, a price-to-earnings ratio of 7.67, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. Unum Group has a 1 year low of $41.75 and a 1 year high of $54.57. The business’s 50 day simple moving average is $51.55 and its 200-day simple moving average is $47.73.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $1.87 earnings per share. Unum Group’s revenue was up 5.4% on a year-over-year basis. As a group, equities analysts expect that Unum Group will post 8.19 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s payout ratio is currently 21.69%.

Analyst Ratings Changes

UNM has been the topic of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley upped their price objective on Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Truist Financial lifted 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 upped their price target on Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and a consensus target price of $57.38.

Insider Buying and Selling at Unum Group

In other news, CEO Richard P. Mckenney sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the transaction, the chief executive officer now directly owns 1,076,753 shares of the company’s stock, valued at $52,922,409.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lisa G. Iglesias sold 16,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $50.00, for a total value of $800,000.00. Following the transaction, the executive vice president now owns 40,840 shares in the company, valued at approximately $2,042,000. The disclosure for this sale can be found here. Insiders have sold 81,000 shares of company stock valued at $4,018,100 in the last quarter. 0.93% of the stock is owned by insiders.

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.