My Legacy Advisors LLC Sells 1,720 Shares of Unum Group (NYSE:UNM)

My Legacy Advisors LLC decreased its position in Unum Group (NYSE:UNM) by 18.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,530 shares of the financial services provider’s stock after selling 1,720 shares during the quarter. My Legacy Advisors LLC’s holdings in Unum Group were worth $448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC grew its stake in shares of Unum Group by 38.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 194 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Unum Group by 2.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 217 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Unum Group by 2.8% in the 3rd quarter. Global Retirement Partners LLC now owns 8,292 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 224 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Unum Group by 1.8% in the 2nd quarter. QRG Capital Management Inc. now owns 12,786 shares of the financial services provider’s stock worth $654,000 after acquiring an additional 226 shares in the last quarter. Finally, FinTrust Capital Advisors LLC grew its position in Unum Group by 20.4% during the first quarter. FinTrust Capital Advisors LLC now owns 1,457 shares of the financial services provider’s stock valued at $78,000 after buying an additional 247 shares during the period. Institutional investors own 86.57% of the company’s stock.

Unum Group Trading Down 0.1 %

Shares of Unum Group stock opened at $63.33 on Wednesday. The company’s 50-day moving average price is $57.60 and its 200-day moving average price is $53.98. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.94 and a beta of 0.77. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.33. Unum Group has a 12-month low of $41.75 and a 12-month high of $64.52.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.14. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.23 billion. Unum Group had a net margin of 10.40% and a return on equity of 15.55%. Unum Group’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $2.06 earnings per share. On average, equities analysts expect that Unum Group will post 8.49 earnings per share for the current fiscal year.

Unum Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 10% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Friday, October 25th. Unum Group’s dividend payout ratio is currently 24.71%.

Insider Activity at Unum Group

In related news, EVP Timothy Gerald Arnold sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total value of $541,100.00. Following the sale, the executive vice president now directly owns 64,821 shares of the company’s stock, valued at $3,507,464.31. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total transaction of $541,100.00. Following the transaction, the executive vice president now directly owns 64,821 shares of the company’s stock, valued at approximately $3,507,464.31. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard P. Mckenney sold 67,795 shares of Unum Group stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares in the company, valued at $58,601,422.64. This trade represents a 0.00 % 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.

Analyst Upgrades and Downgrades

UNM has been the subject of several research reports. Piper Sandler restated an “overweight” rating and set a $66.00 price target (up previously from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Citigroup increased their price target on shares of Unum Group from $62.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Truist Financial increased their price target on shares of Unum Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Bank of America increased their price target on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.64.

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.