Lifestyle Asset Management Inc. Reduces Position in Unum Group (NYSE:UNM)

Lifestyle Asset Management Inc. cut its holdings in shares of Unum Group (NYSE:UNM) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,899 shares of the financial services provider’s stock after selling 607 shares during the period. Unum Group makes up 0.8% of Lifestyle Asset Management Inc.’s portfolio, making the stock its 23rd biggest position. Lifestyle Asset Management Inc.’s holdings in Unum Group were worth $1,380,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UNM. Mercer Global Advisors Inc. ADV boosted its position in shares of Unum Group by 17.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,473 shares of the financial services provider’s stock valued at $917,000 after buying an additional 2,559 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of Unum Group during the second quarter valued at $210,000. AE Wealth Management LLC purchased a new stake in shares of Unum Group during the second quarter valued at $236,000. Pacer Advisors Inc. boosted its position in Unum Group by 19.4% in the second quarter. Pacer Advisors Inc. now owns 32,737 shares of the financial services provider’s stock worth $1,673,000 after purchasing an additional 5,326 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Unum Group by 9.5% in the second quarter. Sei Investments Co. now owns 413,350 shares of the financial services provider’s stock worth $21,127,000 after purchasing an additional 35,723 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

Unum Group Stock Up 0.3 %

Shares of UNM opened at $75.54 on Friday. The business’s 50 day moving average is $73.86 and its 200 day moving average is $63.41. The company has a market capitalization of $13.79 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81. Unum Group has a 12-month low of $46.39 and a 12-month high of $77.63. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $3.22 billion for 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 firm’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. Research analysts expect that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, January 24th. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Insider Activity at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the sale, the executive vice president now owns 58,741 shares of the company’s stock, valued at $3,768,822.56. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 3,250 shares of Unum Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total value of $227,565.00. Following the completion of the sale, the executive vice president now directly owns 50,762 shares in the company, valued at approximately $3,554,355.24. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,914 shares of company stock valued at $7,998,745. 0.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UNM. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Piper Sandler raised their target price on Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $79.00 target price (up from $74.00) on shares of Unum Group in a research report on Tuesday, January 7th. Morgan Stanley raised their target price on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial raised their target price on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Unum Group has an average rating of “Moderate Buy” and a consensus price target of $76.75.

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.