Measured Wealth Private Client Group LLC Reduces Stock Position in Unum Group (NYSE:UNM)

Measured Wealth Private Client Group LLC trimmed its holdings in shares of Unum Group (NYSE:UNM) by 20.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,186 shares of the financial services provider’s stock after selling 2,114 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Unum Group were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UNM. State of Michigan Retirement System raised its position in Unum Group by 1.4% during the first quarter. State of Michigan Retirement System now owns 44,600 shares of the financial services provider’s stock valued at $2,393,000 after purchasing an additional 600 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Unum Group by 55.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 328,063 shares of the financial services provider’s stock worth $17,604,000 after buying an additional 117,497 shares during the period. Oak Thistle LLC purchased a new position in Unum Group during the first quarter worth $270,000. Little House Capital LLC bought a new position in Unum Group during the first quarter valued at $1,403,000. Finally, Aviance Capital Partners LLC raised its stake in shares of Unum Group by 6.3% in the first quarter. Aviance Capital Partners LLC now owns 38,298 shares of the financial services provider’s stock valued at $2,055,000 after acquiring an additional 2,283 shares during the period. Institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

UNM has been the topic of several analyst reports. Jefferies Financial Group upped their price target on shares of Unum Group from $62.00 to $63.00 and gave the company a “buy” rating in a report on Friday. Truist Financial upped their target price on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Wells Fargo & Company raised their price target on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI upped their price objective on Unum Group from $56.00 to $58.00 and gave the company an “in-line” rating in a research report on Wednesday, June 26th. Finally, Morgan Stanley lifted their price objective on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $58.56.

Insiders Place Their Bets

In related news, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the sale, the executive vice president now owns 56,262 shares of the company’s stock, valued at $2,952,067.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Christopher W. Pyne sold 4,500 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the transaction, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy F. Keaney sold 8,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total value of $420,880.00. Following the completion of the sale, the director now owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by corporate insiders.

Unum Group Stock Up 0.5 %

NYSE UNM traded up $0.28 during trading on Tuesday, reaching $51.48. 1,381,584 shares of the company’s stock traded hands, compared to its average volume of 1,267,786. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50 day simple moving average is $51.64 and its two-hundred day simple moving average is $49.86. Unum Group has a 12-month low of $41.75 and a 12-month high of $54.57. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 1.08 and a beta of 0.81.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. Unum Group’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 earnings per share. As a group, sell-side analysts forecast that Unum Group will post 8.25 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, April 26th were paid a $0.365 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This represents a $1.46 annualized dividend and a yield of 2.84%. Unum Group’s dividend payout ratio (DPR) is presently 21.69%.

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.