Versor Investments LP Cuts Stock Position in Unum Group (NYSE:UNM)

Versor Investments LP trimmed its holdings in shares of Unum Group (NYSE:UNM) by 24.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,586 shares of the financial services provider’s stock after selling 3,400 shares during the period. Versor Investments LP’s holdings in Unum Group were worth $629,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in shares of Unum Group by 361.5% in the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after buying an additional 394 shares during the period. V Square Quantitative Management LLC acquired a new stake in Unum Group in the second quarter valued at approximately $26,000. 1620 Investment Advisors Inc. purchased a new stake in shares of Unum Group during the second quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new position in shares of Unum Group during the third quarter worth $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Unum Group in the third quarter valued at $37,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the sale, the executive vice president now directly owns 58,741 shares in the company, valued at approximately $3,768,822.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at $581,591.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group 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 sale, the executive vice president now directly owns 58,741 shares in the company, valued at $3,768,822.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 77,545 shares of company stock worth $4,380,074 in the last 90 days. 0.93% of the stock is currently owned by company insiders.

Unum Group Stock Down 0.4 %

UNM stock opened at $71.04 on Thursday. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.05 and a beta of 0.76. Unum Group has a 1-year low of $41.86 and a 1-year high of $71.44. The firm has a fifty day moving average price of $61.20 and a two-hundred day moving average price of $55.62. 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 announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict that Unum Group will post 8.52 EPS for the current year.

Unum Group announced that its Board of Directors has authorized a share repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 10% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley boosted their price target on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Bank of America raised their price objective on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, Barclays raised their price target on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Unum Group currently has a consensus rating of “Moderate Buy” and an average price target of $66.09.

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.