Petrus Trust Company LTA Has $933,000 Position in Unum Group (NYSE:UNM)

Petrus Trust Company LTA boosted its position in Unum Group (NYSE:UNM) by 28.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,697 shares of the financial services provider’s stock after acquiring an additional 3,508 shares during the period. Petrus Trust Company LTA’s holdings in Unum Group were worth $933,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Unum Group during the second quarter valued at about $26,000. Versant Capital Management Inc boosted its holdings in Unum Group by 361.5% during the 2nd quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 394 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Unum Group in the 2nd quarter worth $29,000. Capital Performance Advisors LLP bought a new position in shares of Unum Group during the third quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Unum Group during the third quarter worth about $37,000. 86.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their target price on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price target on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Bank of America increased their price objective on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $66.00 price target (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.73.

Insider Buying and Selling

In other Unum Group news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at $581,591.16. The trade was a 15.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher W. Pyne sold 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the sale, the executive vice president now owns 50,762 shares of the company’s stock, valued at approximately $3,554,355.24. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,709 shares of company stock worth $11,726,114. Insiders own 0.93% of the company’s stock.

Unum Group Trading Down 0.4 %

NYSE:UNM opened at $76.04 on Wednesday. The company has a market cap of $13.89 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.79. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The company has a 50 day simple moving average of $66.61 and a two-hundred day simple moving average of $57.88. Unum Group has a 12 month low of $42.09 and a 12 month high of $77.63.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. Unum Group’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 earnings per share. Research analysts forecast that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Friday, October 25th. Unum Group’s payout ratio is 18.18%.

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.