Corient Private Wealth LLC Sells 9,811 Shares of Unum Group (NYSE:UNM)

Corient Private Wealth LLC trimmed its stake in shares of Unum Group (NYSE:UNM) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,624 shares of the financial services provider’s stock after selling 9,811 shares during the quarter. Corient Private Wealth LLC owned approximately 0.08% of Unum Group worth $10,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barrett & Company Inc. lifted its holdings in Unum Group by 300.0% in the 4th quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock worth $29,000 after buying an additional 297 shares during the period. Kestra Investment Management LLC purchased a new stake in Unum Group in the 4th quarter worth approximately $38,000. Versant Capital Management Inc lifted its holdings in Unum Group by 26.4% in the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after buying an additional 160 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Unum Group by 28.8% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider’s stock worth $58,000 after buying an additional 179 shares during the period. Finally, Duncker Streett & Co. Inc. purchased a new stake in Unum Group in the 4th quarter worth approximately $58,000. 86.57% of the stock is currently owned by institutional investors.

Unum Group Stock Up 0.8 %

Shares of NYSE:UNM opened at $81.51 on Thursday. The stock has a fifty day simple moving average of $76.40 and a two-hundred day simple moving average of $69.91. The stock has a market capitalization of $14.41 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 1.14 and a beta of 0.74. Unum Group has a 12-month low of $48.38 and a 12-month high of $83.96. The company has a current ratio of 0.29, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last announced its quarterly earnings data 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 13.81% and a return on equity of 14.91%. On average, research analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group announced that its Board of Directors has approved a stock buyback program on Tuesday, February 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, January 24th. Unum Group’s payout ratio is 17.74%.

Insiders Place Their Bets

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $81.99, for a total value of $4,099,500.00. Following the completion of the sale, the chief executive officer now owns 980,637 shares of the company’s stock, valued at approximately $80,402,427.63. This trade represents a 4.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lisa G. Iglesias sold 7,000 shares of Unum Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $82.75, for a total value of $579,250.00. Following the completion of the sale, the executive vice president now directly owns 31,284 shares of the company’s stock, valued at approximately $2,588,751. The trade was a 18.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

UNM has been the subject of several research analyst reports. Barclays increased their price objective on Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 price objective (up previously from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. Jefferies Financial Group raised their target price on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Piper Sandler raised their target price on Unum Group from $82.00 to $87.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Raymond James upgraded Unum Group from a “market perform” rating to a “strong-buy” rating and set a $108.00 target price for the company in a research note on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.62.

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.