Yousif Capital Management LLC Cuts Holdings in Unum Group (NYSE:UNM)

Yousif Capital Management LLC lessened its stake in Unum Group (NYSE:UNM) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 62,716 shares of the financial services provider’s stock after selling 3,380 shares during the quarter. Yousif Capital Management LLC’s holdings in Unum Group were worth $4,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in Unum Group in the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Unum Group in the 3rd quarter valued at $37,000. V Square Quantitative Management LLC raised its holdings in shares of Unum Group by 38.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 194 shares in the last quarter. Quarry LP lifted its position in shares of Unum Group by 4,794.7% during the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 911 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 160 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Richard P. Mckenney sold 58,865 shares of Unum Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total value of $4,437,832.35. Following the completion of the sale, the chief executive officer now owns 1,007,003 shares in the company, valued at approximately $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa G. Iglesias sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total value of $363,050.00. Following the sale, the executive vice president now owns 35,840 shares in the company, valued at $2,602,342.40. The trade was a 12.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 98,164 shares of company stock valued at $7,346,040 over the last 90 days. Insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley raised their price target on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group increased their price target on shares of Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Truist Financial boosted their price objective on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets began coverage on shares of Unum Group in a report on Thursday, January 23rd. They issued an “outperform” rating and a $91.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.45.

Unum Group Stock Performance

Shares of UNM stock opened at $76.97 on Friday. The stock’s 50-day moving average price is $74.23 and its 200 day moving average price is $65.16. Unum Group has a 52-week low of $46.64 and a 52-week high of $79.43. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $14.05 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.08 and a beta of 0.80.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.76% and a return on equity of 15.21%. As a group, equities research analysts forecast that Unum Group will post 8.54 EPS for the current year.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group’s payout ratio is 18.18%.

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.