Atria Investments Inc Sells 171 Shares of Unum Group (NYSE:UNM)

Atria Investments Inc decreased its holdings in shares of Unum Group (NYSE:UNM) by 3.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,993 shares of the financial services provider’s stock after selling 171 shares during the period. Atria Investments Inc’s holdings in Unum Group were worth $297,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its holdings in shares of Unum Group by 38.2% during the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 194 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Unum Group by 2.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider’s stock worth $518,000 after buying an additional 217 shares during the period. Global Retirement Partners LLC boosted its holdings in Unum Group by 2.8% in the third quarter. Global Retirement Partners LLC now owns 8,292 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 224 shares in the last quarter. QRG Capital Management Inc. grew its stake in Unum Group by 1.8% in the second quarter. QRG Capital Management Inc. now owns 12,786 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 226 shares during the period. Finally, XML Financial LLC grew its stake in Unum Group by 1.3% in the first quarter. XML Financial LLC now owns 19,630 shares of the financial services provider’s stock valued at $1,053,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Trading Up 0.5 %

NYSE:UNM opened at $75.83 on Friday. The company has a market cap of $13.85 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.06 and a beta of 0.76. 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 $63.45 and a two-hundred day simple moving average of $56.49. Unum Group has a 12 month low of $41.97 and a 12 month high of $76.31.

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

Unum Group Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.22%. The ex-dividend date was Friday, October 25th. Unum Group’s payout ratio is currently 18.18%.

Unum Group declared that its Board of Directors has initiated a stock buyback plan on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 10% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

UNM has been the topic of a number of recent research reports. UBS Group raised shares of Unum Group to a “hold” rating in a research note on Wednesday, October 9th. Barclays upped their target price on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $66.00 price target (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Finally, Truist Financial lifted their target price on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $67.73.

Insider Buying and Selling at Unum Group

In related news, CEO Richard P. Mckenney sold 67,795 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the completion of the sale, the chief executive officer now directly owns 1,065,868 shares of the company’s stock, valued at approximately $58,601,422.64. This trade represents a 5.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction 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 $3,768,822.56. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,709 shares of company stock valued at $10,956,914 in the last 90 days. Insiders own 0.93% of the company’s stock.

Unum Group Company 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.