Unum Group (NYSE:UNM) Shares Sold by Blackhawk Capital Partners LLC.

Blackhawk Capital Partners LLC. lessened its stake in Unum Group (NYSE:UNM) by 27.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,975 shares of the financial services provider’s stock after selling 1,152 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Unum Group were worth $217,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barrett & Company Inc. boosted its holdings in shares of Unum Group by 300.0% in the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 297 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Unum Group during the third quarter worth approximately $31,000. Kestra Investment Management LLC acquired a new stake in Unum Group in the fourth quarter worth approximately $38,000. Quarry LP boosted its stake in Unum Group by 4,794.7% during the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 911 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total value of $769,200.00. Following the transaction, the executive vice president now owns 54,827 shares in the company, valued at $4,217,292.84. The trade was a 15.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

UNM has been the topic of a number of research reports. StockNews.com downgraded Unum Group from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial boosted their price target on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and upped their price target for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Wells Fargo & Company lifted their price objective on shares of Unum Group from $81.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $79.00 target price (up from $74.00) on shares of Unum Group in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.17.

Unum Group Stock Up 0.9 %

UNM stock opened at $74.74 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The firm has a market capitalization of $13.65 billion, a P/E ratio of 7.89, a P/E/G ratio of 1.14 and a beta of 0.80. Unum Group has a 52-week low of $48.38 and a 52-week high of $79.43. The company’s 50 day simple moving average is $74.30 and its 200-day simple moving average is $67.10.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share 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%. As a group, equities research analysts anticipate that Unum Group will post 9.14 EPS for the current year.

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

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, January 24th. Unum Group’s payout ratio is presently 17.74%.

About Unum Group

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.