B. Riley Wealth Advisors Inc. Sells 239 Shares of Unum Group (NYSE:UNM)

B. Riley Wealth Advisors Inc. reduced its position in shares of Unum Group (NYSE:UNM) by 5.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,154 shares of the financial services provider’s stock after selling 239 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Unum Group were worth $247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNM. Van ECK Associates Corp bought a new position in Unum Group in the 2nd quarter valued at $3,945,000. CoreCap Advisors LLC purchased a new stake in Unum Group during the second quarter worth about $2,007,000. Artemis Investment Management LLP raised its position in Unum Group by 11.9% in the third quarter. Artemis Investment Management LLP now owns 232,751 shares of the financial services provider’s stock worth $13,835,000 after acquiring an additional 24,664 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Unum Group by 1.0% in the third 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 acquiring an additional 55,014 shares during the last quarter. Finally, Versor Investments LP bought a new position in shares of Unum Group during the 2nd quarter valued at approximately $715,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

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 dated Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher W. Pyne sold 3,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock valued at $7,998,745 over the last three months. 0.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UNM shares. Bank of America lifted their price target on shares of Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley boosted their target price 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. Truist Financial increased their price target on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their price objective on shares of Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Piper Sandler lifted their target price on shares of Unum Group from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.09.

Unum Group Stock Up 1.5 %

Shares of NYSE:UNM opened at $72.01 on Friday. The firm has a fifty day moving average price of $70.07 and a two-hundred day moving average price of $59.72. The company has a market cap of $13.15 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.06 and a beta of 0.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a one year low of $44.32 and a one year high of $77.63.

Unum Group (NYSE:UNM) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 earnings per share. Analysts anticipate that Unum Group will post 8.54 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) 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.