Sumitomo Mitsui Trust Holdings Inc. Has $2.25 Million Holdings in Unum Group (NYSE:UNM)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of Unum Group (NYSE:UNM) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,905 shares of the financial services provider’s stock after selling 2,479 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Unum Group were worth $2,249,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in UNM. Silver Oak Securities Incorporated acquired a new position in shares of Unum Group in the 3rd quarter valued at about $25,000. Comerica Bank bought a new stake in shares of Unum Group in the 3rd quarter valued at approximately $6,439,000. Neo Ivy Capital Management bought a new stake in shares of Unum Group in the 3rd quarter valued at approximately $36,000. American Century Companies Inc. grew its stake in shares of Unum Group by 14.9% in the 3rd quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider’s stock valued at $10,963,000 after buying an additional 28,898 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Unum Group by 9.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,763 shares of the financial services provider’s stock valued at $628,000 after buying an additional 1,074 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 0.5 %

UNM opened at $51.50 on Friday. Unum Group has a 1-year low of $41.75 and a 1-year high of $54.57. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 7.65, a P/E/G ratio of 1.06 and a beta of 0.81. The business has a 50 day moving average of $51.55 and a 200-day moving average of $50.08.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the business earned $1.87 earnings per share. Unum Group’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Unum Group will post 8.25 earnings per share for the current year.

Insider Activity at Unum Group

In related news, EVP Christopher W. Pyne sold 4,500 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares in the company, valued at $2,952,067.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Christopher W. Pyne sold 4,500 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares in the company, valued at $2,952,067.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy F. Keaney sold 8,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total value of $420,880.00. Following the completion of the transaction, the director now owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UNM. Piper Sandler began coverage on Unum Group in a research note on Thursday. They issued an “overweight” rating and a $57.00 price target for the company. Truist Financial boosted their price target on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Jefferies Financial Group upped their target price on Unum Group from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their target price on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Evercore ISI upped their target price on Unum Group from $56.00 to $58.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 26th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and an average price target of $59.22.

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.