Unum Group (NYSE:UNM) Position Lessened by Toronto Dominion Bank

Toronto Dominion Bank lowered its stake in shares of Unum Group (NYSE:UNM) by 11.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,600 shares of the financial services provider’s stock after selling 4,000 shares during the quarter. Toronto Dominion Bank’s holdings in Unum Group were worth $1,759,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. boosted its holdings in shares of Unum Group by 10.6% during the third quarter. Coldstream Capital Management Inc. now owns 12,778 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 1,221 shares during the period. Vestcor Inc lifted its position in Unum Group by 156.2% in the 3rd quarter. Vestcor Inc now owns 88,728 shares of the financial services provider’s stock valued at $5,274,000 after purchasing an additional 54,095 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its stake in Unum Group by 35.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 18,935 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 4,931 shares during the period. MML Investors Services LLC grew its position in Unum Group by 5.2% in the 3rd quarter. MML Investors Services LLC now owns 17,288 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 859 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Unum Group by 94.5% in the third quarter. Orion Portfolio Solutions LLC now owns 9,109 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 4,425 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UNM shares. Barclays increased their price objective on Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. UBS Group raised Unum Group to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Piper Sandler reiterated an “overweight” rating and issued a $66.00 target price (up previously from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.64.

Unum Group Stock Performance

Shares of UNM opened at $73.83 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The firm’s 50 day moving average is $69.03 and its 200-day moving average is $59.10. Unum Group has a 12-month low of $43.26 and a 12-month high of $77.63. The stock has a market capitalization of $13.48 billion, a P/E ratio of 7.99, a P/E/G ratio of 1.06 and a beta of 0.79.

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

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio is 18.18%.

Insider Activity at Unum Group

In related news, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the executive vice president now owns 54,827 shares in the company, valued at approximately $4,217,292.84. This represents a 15.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard P. Mckenney sold 58,865 shares of Unum Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the transaction, the chief executive officer now owns 1,007,003 shares in the company, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 107,914 shares of company stock worth $7,998,745 in the last quarter. 0.93% of the stock is owned by company insiders.

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.