Unum Group (NYSE:UNM) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC lowered its holdings in Unum Group (NYSE:UNM) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,362 shares of the financial services provider’s stock after selling 594 shares during the quarter. Simplicity Solutions LLC’s holdings in Unum Group were worth $242,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in UNM. Silver Oak Securities Incorporated purchased a new stake in Unum Group during the 3rd quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Unum Group during the 4th quarter worth about $25,000. Bangor Savings Bank boosted its position in shares of Unum Group by 100.0% in the third quarter. Bangor Savings Bank now owns 664 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 332 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Unum Group in the third quarter valued at approximately $36,000. Finally, Arlington Trust Co LLC acquired a new position in Unum Group during the third quarter worth approximately $38,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction dated 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 approximately $2,772,500. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the sale, the executive vice president now owns 55,450 shares of the company’s stock, valued at $2,772,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa G. Iglesias sold 16,000 shares of Unum Group stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $50.00, for a total value of $800,000.00. Following the completion of the transaction, the executive vice president now directly owns 40,840 shares in the company, valued at approximately $2,042,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,000 shares of company stock valued at $4,018,100. 0.94% of the stock is currently owned by company insiders.

Unum Group Trading Up 1.1 %

NYSE UNM opened at $51.36 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27. Unum Group has a one year low of $40.04 and a one year high of $54.57. The company has a 50-day simple moving average of $51.03 and a 200-day simple moving average of $47.59. The firm has a market capitalization of $9.86 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. On average, equities analysts forecast that Unum Group will post 8.18 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s payout ratio is 22.50%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on UNM shares. Wells Fargo & Company boosted their price objective on shares of Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. The Goldman Sachs Group upped their target price on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Morgan Stanley increased their price objective on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.38.

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.