Aviance Capital Partners LLC Sells 1,204 Shares of Unum Group (NYSE:UNM)

Aviance Capital Partners LLC decreased its stake in shares of Unum Group (NYSE:UNM) by 3.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,015 shares of the financial services provider’s stock after selling 1,204 shares during the period. Aviance Capital Partners LLC’s holdings in Unum Group were worth $1,629,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Unum Group by 583.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,025,000 shares of the financial services provider’s stock valued at $50,420,000 after purchasing an additional 875,000 shares during the period. Nordea Investment Management AB grew its position in shares of Unum Group by 79.8% during the 4th quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider’s stock worth $88,616,000 after buying an additional 866,531 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Unum Group by 2,441.3% during the third quarter. Qube Research & Technologies Ltd now owns 540,082 shares of the financial services provider’s stock valued at $26,567,000 after buying an additional 518,830 shares during the period. AQR Capital Management LLC raised its holdings in shares of Unum Group by 9.7% in the third quarter. AQR Capital Management LLC now owns 3,545,767 shares of the financial services provider’s stock valued at $174,416,000 after acquiring an additional 313,482 shares in the last quarter. Finally, Kettle Hill Capital Management LLC purchased a new stake in Unum Group in the third quarter worth about $13,061,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Unum Group

In related news, CEO Richard P. Mckenney sold 50,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $49.15, for a total value of $2,457,500.00. Following the transaction, the chief executive officer now directly owns 1,076,753 shares of the company’s stock, valued at approximately $52,922,409.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the sale, the executive vice president now directly owns 55,450 shares in the company, valued at approximately $2,772,500. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the completion of the sale, the chief executive officer now owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,000 shares of company stock worth $4,018,100. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Up 1.1 %

Shares of Unum Group stock traded up $0.55 during trading on Monday, reaching $52.17. The company’s stock had a trading volume of 892,798 shares, compared to its average volume of 1,398,961. The company has a 50-day simple moving average of $51.61 and a two-hundred day simple moving average of $47.69. Unum Group has a 1-year low of $41.75 and a 1-year high of $54.57. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 7.75, a P/E/G ratio of 1.28 and a beta of 0.87. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The business had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the company earned $1.87 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts forecast that Unum Group will post 8.19 earnings per share for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be issued a $0.365 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.80%. Unum Group’s dividend payout ratio is currently 21.69%.

Analyst Ratings Changes

UNM has been the topic of a number of research reports. Truist Financial raised their target price on shares of Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company boosted their price objective on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. lifted their price target on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, Morgan Stanley lifted their target price on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.38.

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.