apricus wealth LLC Has $4.66 Million Holdings in Unum Group (NYSE:UNM)

apricus wealth LLC decreased its stake in Unum Group (NYSE:UNM) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 63,775 shares of the financial services provider’s stock after selling 2,590 shares during the quarter. Unum Group makes up about 3.0% of apricus wealth LLC’s investment portfolio, making the stock its 2nd biggest position. apricus wealth LLC’s holdings in Unum Group were worth $4,657,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Versant Capital Management Inc raised 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 valued at $56,000 after buying an additional 160 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Unum Group by 28.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 179 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Unum Group by 3.4% during the third quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 180 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Unum Group by 38.2% in the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 194 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in Unum Group by 3.1% during the 3rd quarter. Brooklyn Investment Group now owns 6,592 shares of the financial services provider’s stock worth $392,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased 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. Jefferies Financial Group increased their price objective on shares of Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Truist Financial upped their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America lifted their price objective on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $79.00 target price (up previously from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and an average target price of $76.75.

Unum Group Stock Performance

Shares of UNM opened at $75.01 on Friday. Unum Group has a 52 week low of $46.39 and a 52 week high of $77.63. 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 $73.96 and a two-hundred day moving average price of $63.67. The firm has a market capitalization of $13.70 billion, a P/E ratio of 8.12, a P/E/G ratio of 1.07 and a beta of 0.81.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating the consensus estimate of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts forecast that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a yield of 2.24%. Unum Group’s dividend payout ratio (DPR) is presently 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.