Unum Group (NYSE:UNM) Shares Purchased by Truist Financial Corp

Truist Financial Corp raised its position in Unum Group (NYSE:UNM) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 351,465 shares of the financial services provider’s stock after buying an additional 2,492 shares during the period. Truist Financial Corp owned about 0.19% of Unum Group worth $25,667,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UNM. Global Retirement Partners LLC boosted its holdings in Unum Group by 2.8% in the 3rd quarter. Global Retirement Partners LLC now owns 8,292 shares of the financial services provider’s stock worth $493,000 after buying an additional 224 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Unum Group by 8.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,809 shares of the financial services provider’s stock worth $405,000 after buying an additional 502 shares during the last quarter. Blue Trust Inc. boosted its holdings in Unum Group by 135.5% in the 3rd quarter. Blue Trust Inc. now owns 11,448 shares of the financial services provider’s stock worth $680,000 after buying an additional 6,587 shares during the last quarter. Eastern Bank acquired a new stake in Unum Group in the 3rd quarter worth about $226,000. Finally, International Assets Investment Management LLC boosted its holdings in Unum Group by 5,844.0% in the 3rd quarter. International Assets Investment Management LLC now owns 101,048 shares of the financial services provider’s stock worth $6,006,000 after buying an additional 99,348 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on UNM shares. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $67.00 to $84.00 in a report on Thursday, November 14th. Wells Fargo & Company raised their target price on shares of Unum Group from $74.00 to $81.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group raised their target price on shares of Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. 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 note on Tuesday, January 7th. Finally, StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $80.33.

Unum Group Stock Down 0.5 %

UNM stock opened at $73.98 on Wednesday. The firm has a market cap of $13.51 billion, a PE ratio of 7.81, a PEG ratio of 1.17 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29. The firm’s 50 day moving average price is $74.19 and its 200-day moving average price is $66.35. Unum Group has a one year low of $48.38 and a one year high of $79.43.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate 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, equities research analysts anticipate that Unum Group will post 9.12 EPS for the current year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Friday, January 24th. Unum Group’s payout ratio is 17.74%.

Unum Group declared that its board has approved a stock buyback program on Tuesday, February 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 7.4% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Unum Group

In other Unum Group news, CEO Richard P. Mckenney sold 58,865 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.39, for a total value of $4,437,832.35. Following the sale, the chief executive officer now owns 1,007,003 shares of the company’s stock, valued at $75,917,956.17. The trade was a 5.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the executive vice president now directly owns 54,827 shares in the company, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,865 shares of company stock valued at $5,952,032 over the last quarter. 0.93% of the stock is owned by company insiders.

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.