Unum Group (NYSE:UNM) Stock Position Lessened by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its holdings in Unum Group (NYSE:UNM) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,600 shares of the financial services provider’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Unum Group were worth $3,403,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Unum Group by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider’s stock valued at $326,950,000 after buying an additional 55,014 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Unum Group by 5.9% during the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock valued at $70,511,000 after buying an additional 66,392 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after buying an additional 307,175 shares in the last quarter. Franklin Resources Inc. boosted its stake in Unum Group by 50.0% during the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after buying an additional 156,380 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Unum Group by 24.5% during the third quarter. Assenagon Asset Management S.A. now owns 325,796 shares of the financial services provider’s stock valued at $19,365,000 after buying an additional 64,062 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Unum Group Stock Up 0.4 %

Shares of Unum Group stock opened at $75.44 on Friday. The stock has a 50-day moving average price of $74.21 and a 200 day moving average price of $65.87. The company has a market cap of $13.78 billion, a P/E ratio of 7.97, a P/E/G ratio of 1.17 and a beta of 0.80. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 1 year low of $48.11 and a 1 year high of $79.43.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. As a group, analysts expect that Unum Group will post 9.12 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is presently 17.74%.

Analyst Ratings Changes

Several research analysts recently weighed in on UNM shares. Barclays raised their target price on Unum Group from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. 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. Truist Financial upped their target price on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods upped their target price on Unum Group from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their target price on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.33.

Insider Transactions at Unum Group

In other news, CEO Richard P. Mckenney sold 58,865 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the completion of the sale, the chief executive officer now directly owns 1,007,003 shares of the company’s stock, valued at $75,917,956.17. This trade represents a 5.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the sale, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 83,865 shares of company stock valued at $6,315,082 in the last three months. Corporate insiders own 0.93% of the company’s stock.

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.