Unum Group (NYSE:UNM) Shares Purchased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. increased its position in shares of Unum Group (NYSE:UNM) by 5.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,217 shares of the financial services provider’s stock after purchasing an additional 291 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Unum Group were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNM. Nordea Investment Management AB lifted its holdings in shares of Unum Group by 51.7% during the first quarter. Nordea Investment Management AB now owns 2,961,539 shares of the financial services provider’s stock worth $158,590,000 after purchasing an additional 1,008,776 shares during the period. ProShare Advisors LLC lifted its holdings in Unum Group by 6,498.1% in the first quarter. ProShare Advisors LLC now owns 636,320 shares of the financial services provider’s stock valued at $34,145,000 after acquiring an additional 626,676 shares during the period. Victory Capital Management Inc. lifted its holdings in Unum Group by 62.9% in the second quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock valued at $57,237,000 after acquiring an additional 432,240 shares during the period. Sei Investments Co. lifted its holdings in Unum Group by 105.8% in the first quarter. Sei Investments Co. now owns 377,627 shares of the financial services provider’s stock valued at $20,263,000 after acquiring an additional 194,125 shares during the period. Finally, M&G Plc acquired a new position in Unum Group in the first quarter valued at approximately $8,988,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insiders Place Their Bets

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total transaction of $541,100.00. Following the transaction, the executive vice president now owns 64,821 shares of the company’s stock, valued at approximately $3,507,464.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at approximately $58,601,422.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total value of $541,100.00. Following the transaction, the executive vice president now directly owns 64,821 shares in the company, valued at $3,507,464.31. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Unum Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group raised Unum Group to a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Jefferies Financial Group boosted their price objective on Unum Group from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Piper Sandler restated an “overweight” rating and issued a $66.00 price objective (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $63.64.

Unum Group Stock Down 0.9 %

Shares of UNM opened at $63.62 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a one year low of $41.75 and a one year high of $64.52. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.94 and a beta of 0.77. The stock has a 50 day moving average price of $57.21 and a 200 day moving average price of $53.84.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.02 by $0.14. Unum Group had a return on equity of 15.55% and a net margin of 10.40%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities research analysts forecast that Unum Group will post 8.49 earnings per share for the current fiscal year.

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

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is currently 24.71%.

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.