SG Americas Securities LLC Has $606,000 Stock Holdings in Unum Group (NYSE:UNM)

SG Americas Securities LLC reduced its holdings in Unum Group (NYSE:UNM) by 3.9% in the 4th quarter, HoldingsChannel reports. The fund owned 8,297 shares of the financial services provider’s stock after selling 341 shares during the period. SG Americas Securities LLC’s holdings in Unum Group were worth $606,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of UNM. Viking Fund Management LLC bought a new stake in shares of Unum Group in the fourth quarter worth $5,112,000. MBM Wealth Consultants LLC lifted its holdings in Unum Group by 3.9% during the 4th quarter. MBM Wealth Consultants LLC now owns 5,594 shares of the financial services provider’s stock worth $408,000 after buying an additional 209 shares during the period. Atomi Financial Group Inc. grew its position in shares of Unum Group by 20.5% in the 4th quarter. Atomi Financial Group Inc. now owns 4,525 shares of the financial services provider’s stock valued at $330,000 after buying an additional 770 shares during the last quarter. UMB Bank n.a. grew its position in shares of Unum Group by 8.5% in the 4th quarter. UMB Bank n.a. now owns 4,084 shares of the financial services provider’s stock valued at $298,000 after buying an additional 319 shares during the last quarter. Finally, Polianta Ltd acquired a new stake in shares of Unum Group in the fourth quarter valued at about $1,241,000. Institutional investors own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on UNM. Jefferies Financial Group lifted their price objective on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial boosted their price target on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Morgan Stanley increased their price objective on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America boosted their target price on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets started coverage on Unum Group in a report on Thursday, January 23rd. They set an “outperform” rating and a $91.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and a consensus price target of $76.75.

Insider Buying and Selling

In related news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at approximately $581,591.16. This represents a 15.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the completion of the sale, the executive vice president now owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. This represents a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,914 shares of company stock worth $7,677,945 in the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Unum Group Price Performance

Shares of NYSE UNM opened at $77.07 on Friday. The firm has a market capitalization of $14.07 billion, a P/E ratio of 8.34, a P/E/G ratio of 1.07 and a beta of 0.81. The firm’s 50-day moving average price is $74.22 and its 200-day moving average price is $64.36. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a 1-year low of $46.39 and a 1-year high of $77.69.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the business earned $1.94 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group’s payout ratio is 18.18%.

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.