1 week Ago By ABMN Staff
CIBC Private Wealth Group LLC decreased its holdings in shares of Unum Group ( NYSE:UNM – Free Report ) by 10.0% during the 4th quarter, HoldingsChannel.com reports.
The fund owned 3,491 shares of the financial services provider’s stock after selling 389 shares during the period. CIBC Private Wealth Group LLC’s holdings in Unum Group were worth $255,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also made changes to their positions in the company.
Franklin Resources Inc. raised its position in Unum Group by 50.0% in the third quarter.
Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after purchasing an additional 156,380 shares during the period. Blue Trust Inc.
grew its stake in shares of Unum Group by 44.1% in the fourth quarter. Blue Trust Inc.
now owns 16,495 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 5,047 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Unum Group during the 3rd quarter worth approximately $1,074,000. Picton Mahoney Asset Management purchased a new position in Unum Group in the 4th quarter worth approximately $8,816,000.
Finally, Charles Schwab Investment Management Inc. grew its position in Unum Group by 0.9% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 5,552,252 shares of the financial services provider’s stock valued at $405,481,000 after acquiring an additional 51,744 shares in the last quarter. Institutional investors and hedge funds own 86.
57% of the company’s stock. Unum Group Price Performance Shares of UNM opened at $71.14 on Monday.
Unum Group has a 52 week low of $48.38 and a 52 week high of $84.48.
The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.
32. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 7.
51, a PEG ratio of 1.14 and a beta of 0.74.
The stock has a 50 day moving average of $78.19 and a 200-day moving average of $72.28.
Unum Group announced that its board has authorized a share buyback program on Tuesday, February 18th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 7.
4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued. Unum Group Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th.
Investors of record on Friday, January 24th were given a dividend of $0.42 per share. This represents a $1.
68 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, January 24th.
Unum Group’s dividend payout ratio is presently 17.74%. Insider Buying and Selling In related news, EVP Lisa G.
Iglesias sold 7,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total transaction of $579,250.
00. Following the completion of the transaction, the executive vice president now directly owns 31,284 shares in the company, valued at $2,588,751. This represents a 18.
28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink . Also, CEO Richard P.
Mckenney sold 50,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $81.99, for a total value of $4,099,500.
00. Following the completion of the sale, the chief executive officer now directly owns 980,637 shares in the company, valued at $80,402,427.63.
This represents a 4.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
0.93% of the stock is owned by company insiders. Analysts Set New Price Targets A number of research analysts have recently commented on the stock.
BMO Capital Markets boosted their target price on shares of Unum Group from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, March 3rd.
Jefferies Financial Group boosted their price objective on shares of Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.
Wells Fargo & Company raised their target price on Unum Group from $81.00 to $91.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th.
Piper Sandler boosted their price target on Unum Group from $87.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 2nd.
Finally, Keefe, Bruyette & Woods increased their price target on Unum Group from $90.00 to $103.00 and gave the company an “outperform” rating in a report on Friday, February 28th.
Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $87.
86. Get Our Latest Stock Analysis on UNM About Unum Group ( Free Report ) 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. Read More Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group ( NYSE:UNM – Free Report ).
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