PNC Financial Services Group Inc. Decreases Holdings in Unum Group (NYSE:UNM)

PNC Financial Services Group Inc. trimmed its holdings in shares of Unum Group (NYSE:UNM) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,585 shares of the financial services provider’s stock after selling 1,121 shares during the period. PNC Financial Services Group Inc.’s holdings in Unum Group were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated purchased a new stake in Unum Group during the 3rd quarter worth $25,000. Contravisory Investment Management Inc. purchased a new stake in Unum Group during the 4th quarter worth $25,000. Neo Ivy Capital Management purchased a new position in Unum Group in the 3rd quarter valued at about $36,000. Daiwa Securities Group Inc. purchased a new position in Unum Group in the 4th quarter valued at about $36,000. Finally, CVA Family Office LLC purchased a new position in Unum Group in the 4th quarter valued at about $49,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UNM shares. Wells Fargo & Company upped their price objective on shares of Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Truist Financial upped their price objective on shares of Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Morgan Stanley upped their price objective on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.38.

Unum Group Stock Performance

Shares of Unum Group stock opened at $50.85 on Friday. The firm has a market cap of $9.63 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 1.07 and a beta of 0.83. The firm’s 50-day simple moving average is $51.63 and its 200-day simple moving average is $49.47. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a 1 year low of $41.75 and a 1 year high of $54.57.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.87 EPS. Equities analysts forecast that Unum Group will post 8.24 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Investors of record on Friday, April 26th were paid a dividend of $0.365 per share. The ex-dividend date was Thursday, April 25th. This represents a $1.46 annualized dividend and a yield of 2.87%. Unum Group’s dividend payout ratio (DPR) is 21.69%.

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.