Unum Group (NYSE:UNM) Stock Holdings Lessened by Trust Co. of Vermont

Trust Co. of Vermont cut its stake in shares of Unum Group (NYSE:UNM) by 21.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 571 shares of the financial services provider’s stock after selling 160 shares during the period. Trust Co. of Vermont’s holdings in Unum Group were worth $42,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in UNM. ProShare Advisors LLC raised its stake in shares of Unum Group by 89.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock worth $61,728,000 after purchasing an additional 571,436 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Unum Group by 151.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after acquiring an additional 307,175 shares during the last quarter. Franklin Resources Inc. grew 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 worth $29,554,000 after acquiring an additional 156,380 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Unum Group by 106.4% during the 2nd quarter. Hsbc Holdings PLC now owns 233,881 shares of the financial services provider’s stock valued at $11,915,000 after purchasing an additional 120,559 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Unum Group by 183.5% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 170,100 shares of the financial services provider’s stock valued at $8,694,000 after purchasing an additional 110,100 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Activity

In other news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total value of $104,340.00. Following the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at approximately $581,591.16. This represents a 15.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the transaction, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,914 shares of company stock worth $7,998,745. 0.93% of the stock is currently owned by corporate insiders.

Unum Group Stock Up 1.0 %

NYSE UNM opened at $75.02 on Tuesday. Unum Group has a twelve month low of $45.23 and a twelve month high of $77.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $13.70 billion, a PE ratio of 8.12, a PEG ratio of 0.97 and a beta of 0.81. The firm has a 50-day simple moving average of $73.69 and a 200 day simple moving average of $63.14.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the company earned $1.94 EPS. On average, research analysts forecast that Unum Group will post 8.54 EPS for the current year.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group raised Unum Group to a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $79.00 price target (up previously from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Wells Fargo & Company lifted their target price on shares of Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Finally, Truist Financial upped their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.45.

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.