Valeo Financial Advisors LLC Sells 390 Shares of Unum Group (NYSE:UNM)

Valeo Financial Advisors LLC lowered its position in shares of Unum Group (NYSE:UNM) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,892 shares of the financial services provider’s stock after selling 390 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Unum Group were worth $291,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Unum Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,590,655 shares of the financial services provider’s stock worth $931,109,000 after acquiring an additional 300,840 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Unum Group by 51.7% in the 1st quarter. Nordea Investment Management AB now owns 2,961,539 shares of the financial services provider’s stock worth $158,590,000 after purchasing an additional 1,008,776 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Unum Group by 16.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,017,367 shares of the financial services provider’s stock worth $91,225,000 after purchasing an additional 291,757 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Unum Group by 89.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock worth $61,728,000 after buying an additional 571,436 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Unum Group by 62.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock valued at $57,237,000 after buying an additional 432,240 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on UNM shares. JPMorgan Chase & Co. dropped their target price on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Bank of America upped their price target on shares of Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Citigroup raised their price objective on shares of Unum Group from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Barclays dropped their target price on shares of Unum Group from $73.00 to $72.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 8th. Finally, Truist Financial raised their price target on shares of Unum Group from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.64.

Unum Group Stock Performance

UNM stock opened at $62.97 on Tuesday. The company has a market cap of $11.70 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 0.91 and a beta of 0.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a 1 year low of $41.75 and a 1 year high of $63.25. The stock’s fifty day moving average price is $56.15 and its 200-day moving average price is $53.50.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.14. Unum Group had a return on equity of 15.55% and a net margin of 10.40%. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the company posted $2.06 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities analysts forecast that Unum Group will post 8.49 earnings per share for the current year.

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

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th 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 2.67%. The ex-dividend date is Friday, October 25th. Unum Group’s payout ratio is 24.71%.

Insider Transactions at Unum Group

In related news, CEO Richard P. Mckenney sold 67,795 shares of Unum Group stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares in the company, valued at approximately $58,601,422.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of Unum Group stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the transaction, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total transaction of $541,100.00. Following the completion of the transaction, the executive vice president now owns 64,821 shares of the company’s stock, valued at approximately $3,507,464.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

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.