Geode Capital Management LLC Sells 71,254 Shares of Unum Group (NYSE:UNM)

Geode Capital Management LLC cut its holdings in Unum Group (NYSE:UNM) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,026,745 shares of the financial services provider’s stock after selling 71,254 shares during the quarter. Geode Capital Management LLC’s holdings in Unum Group were worth $179,955,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in shares of Unum Group by 89.8% in the second quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock valued at $61,728,000 after buying an additional 571,436 shares during the period. Victory Capital Management Inc. boosted its stake in Unum Group by 62.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock worth $57,237,000 after purchasing an additional 432,240 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Unum Group by 151.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after purchasing an additional 307,175 shares during the period. Hsbc Holdings PLC increased its holdings in Unum Group by 106.4% during the 2nd quarter. Hsbc Holdings PLC now owns 233,881 shares of the financial services provider’s stock worth $11,915,000 after purchasing an additional 120,559 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Unum Group by 183.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 170,100 shares of the financial services provider’s stock valued at $8,694,000 after purchasing an additional 110,100 shares during the period. 86.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on UNM. Piper Sandler reaffirmed an “overweight” rating and set a $66.00 price objective (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. UBS Group raised shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their target price on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley boosted their price target on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.64.

Insiders Place Their Bets

In related news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the completion of the sale, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. This trade represents a 15.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the transaction, the executive vice president now directly owns 58,741 shares in the company, valued at approximately $3,768,822.56. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,914 shares of company stock valued at $7,998,745 over the last ninety days. 0.93% of the stock is currently owned by company insiders.

Unum Group Stock Up 0.3 %

Unum Group stock opened at $73.83 on Monday. Unum Group has a fifty-two week low of $43.26 and a fifty-two week high of $77.63. The firm has a market capitalization of $13.48 billion, a PE ratio of 7.99, a P/E/G ratio of 1.06 and a beta of 0.79. The company’s 50-day moving average is $69.03 and its 200-day moving average is $59.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28.

Unum Group (NYSE:UNM) last released its quarterly earnings data 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. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio is 18.18%.

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.