Unum Group (NYSE:UNM) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its position in Unum Group (NYSE:UNMFree Report) by 78.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,918 shares of the financial services provider’s stock after selling 60,931 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Unum Group were worth $765,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Silver Oak Securities Incorporated acquired a new stake in Unum Group in the third quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new position in Unum Group during the fourth quarter worth about $25,000. Neo Ivy Capital Management acquired a new stake in shares of Unum Group during the 3rd quarter valued at approximately $36,000. Daiwa Securities Group Inc. purchased a new stake in shares of Unum Group during the 4th quarter worth approximately $36,000. Finally, CVA Family Office LLC purchased a new stake in shares of Unum Group during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In related news, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at $2,952,067.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the executive vice president now directly owns 55,450 shares in the company, valued at $2,772,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,500 shares of company stock valued at $4,675,095. 0.93% of the stock is owned by insiders.

Unum Group Price Performance

Shares of Unum Group stock opened at $52.91 on Thursday. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 1.12 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 company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $52.23 and a 200-day simple moving average of $48.16.

Unum Group (NYSE:UNMGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.87 EPS. On average, sell-side analysts expect that Unum Group will post 8.24 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, April 26th were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.76%. The ex-dividend date was Thursday, April 25th. Unum Group’s dividend payout ratio is 21.69%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UNM shares. JPMorgan Chase & Co. lifted their price target on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised their price target on Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Truist Financial upped their price objective on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Morgan Stanley lifted their price objective on Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, Wells Fargo & Company upped their target price on shares of Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.38.

Read Our Latest Report on UNM

Unum Group Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNMFree Report).

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.