Captrust Financial Advisors Raises Holdings in Unum Group (NYSE:UNM)

Captrust Financial Advisors boosted its stake in shares of Unum Group (NYSE:UNM) by 2.1% in the 3rd quarter, Holdings Channel reports. The fund owned 211,660 shares of the financial services provider’s stock after buying an additional 4,349 shares during the period. Captrust Financial Advisors’ holdings in Unum Group were worth $12,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of UNM. Charles Schwab Investment Management Inc. increased its holdings in shares of Unum Group by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,500,508 shares of the financial services provider’s stock valued at $326,950,000 after purchasing an additional 55,014 shares in the last quarter. ProShare Advisors LLC increased its holdings in Unum Group by 89.8% in the second quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock valued at $61,728,000 after buying an additional 571,436 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Unum Group by 5.9% in the third quarter. Victory Capital Management Inc. now owns 1,186,262 shares of the financial services provider’s stock worth $70,511,000 after acquiring an additional 66,392 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Unum Group by 8.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock worth $44,609,000 after acquiring an additional 64,661 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Unum Group by 9.5% in the 2nd quarter. Sei Investments Co. now owns 413,350 shares of the financial services provider’s stock valued at $21,127,000 after purchasing an additional 35,723 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UNM. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Piper Sandler reissued an “overweight” rating and issued a $66.00 price target (up previously from $64.00) on shares of Unum Group in a report on Friday, September 27th. Barclays increased their price objective on shares of Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.73.

Unum Group Price Performance

NYSE:UNM opened at $76.90 on Monday. Unum Group has a one year low of $42.09 and a one year high of $77.63. The stock has a market cap of $14.04 billion, a PE ratio of 8.32, a P/E/G ratio of 1.10 and a beta of 0.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50 day moving average price of $65.87 and a 200 day moving average price of $57.56.

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, topping analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $3.22 billion during 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 company’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.94 EPS. Equities research analysts expect that Unum Group will post 8.53 EPS for the current fiscal year.

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.18%. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Insider Transactions at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of Unum Group stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total transaction 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 $3,554,355.24. This trade represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the sale, the chief accounting officer now owns 8,361 shares of the company’s stock, valued at $581,591.16. This trade represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 165,709 shares of company stock worth $10,956,914 in the last 90 days. Insiders own 0.93% of the company’s stock.

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.