Texas Permanent School Fund Corp Has $7.68 Million Stock Holdings in Unum Group (NYSE:UNM)

Texas Permanent School Fund Corp lessened its holdings in Unum Group (NYSE:UNMFree Report) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 156,174 shares of the financial services provider’s stock after selling 6,931 shares during the period. Texas Permanent School Fund Corp’s holdings in Unum Group were worth $7,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Resurgent Financial Advisors LLC bought a new stake in Unum Group in the 2nd quarter valued at $25,000. Huntington National Bank raised its stake in Unum Group by 1,076.4% in the 2nd quarter. Huntington National Bank now owns 647 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 592 shares during the period. Bangor Savings Bank raised its stake in Unum Group by 100.0% in the 3rd quarter. Bangor Savings Bank now owns 664 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 332 shares during the period. Arlington Trust Co LLC bought a new stake in Unum Group in the 3rd quarter valued at $38,000. Finally, FinTrust Capital Advisors LLC raised its stake in Unum Group by 125.9% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,229 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 685 shares during the period. Institutional investors own 79.37% of the company’s stock.

Unum Group Stock Performance

UNM opened at $47.73 on Friday. The firm has a market cap of $9.31 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 0.72 and a beta of 0.87. Unum Group has a 52-week low of $36.27 and a 52-week high of $52.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.29 and a current ratio of 0.27. The business’s fifty day moving average is $45.58 and its 200-day moving average is $46.90.

Unum Group (NYSE:UNMGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.07). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.43 earnings per share. Sell-side analysts expect that Unum Group will post 8.21 EPS for the current fiscal year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, January 26th will be given a $0.365 dividend. The ex-dividend date is Thursday, January 25th. This represents a $1.46 annualized dividend and a yield of 3.06%. Unum Group’s dividend payout ratio is presently 22.50%.

Unum Group declared that its board has approved a stock repurchase plan on Tuesday, October 31st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the financial services provider to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley decreased their price objective on Unum Group from $54.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 15th. JPMorgan Chase & Co. raised Unum Group from a “neutral” rating to an “overweight” rating and set a $55.00 price objective on the stock in a report on Wednesday, January 3rd. Truist Financial decreased their price objective on Unum Group from $59.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Finally, The Goldman Sachs Group upped their price objective on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.44.

Read Our Latest Analysis on UNM

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Puneet Bhasin sold 8,188 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $42.39, for a total value of $347,089.32. Following the completion of the transaction, the executive vice president now directly owns 54,318 shares in the company, valued at $2,302,540.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.

About Unum Group

(Free Report)

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 and Corporate segments. 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.

Further Reading

Want to see what other hedge funds are holding UNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Unum Group (NYSE:UNMFree Report).

Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.