PNC Financial Services Group Inc. Cuts Position in Unum Group (NYSE:UNM)

PNC Financial Services Group Inc. lessened its position in shares of Unum Group (NYSE:UNM) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,585 shares of the financial services provider’s stock after selling 1,121 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Unum Group were worth $1,338,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Unum Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,590,655 shares of the financial services provider’s stock valued at $931,109,000 after buying an additional 300,840 shares in the last quarter. Norges Bank purchased a new position in shares of Unum Group in the 4th quarter worth approximately $590,489,000. Donald Smith & CO. Inc. boosted its holdings in shares of Unum Group by 4.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 3,687,182 shares of the financial services provider’s stock worth $166,734,000 after purchasing an additional 163,682 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Unum Group by 9.7% in the 3rd quarter. AQR Capital Management LLC now owns 3,545,767 shares of the financial services provider’s stock worth $174,416,000 after purchasing an additional 313,482 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Unum Group by 2.6% in the 4th quarter. LSV Asset Management now owns 2,930,577 shares of the financial services provider’s stock worth $132,521,000 after purchasing an additional 73,700 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Insider Transactions at Unum Group

In other news, EVP Christopher W. Pyne sold 4,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Timothy F. Keaney sold 8,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total value of $420,880.00. Following the completion of the transaction, the director now directly owns 37,505 shares of the company’s stock, valued at approximately $1,973,138.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher W. Pyne sold 4,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at $2,952,067.14. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on UNM shares. JPMorgan Chase & Co. lifted their target price on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company lifted their target price on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley boosted their price objective on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, Truist Financial boosted their price objective on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.38.

Unum Group Trading Up 1.0 %

Shares of NYSE UNM opened at $50.85 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $51.63 and a two-hundred day simple moving average of $49.47. The firm has a market cap of $9.63 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 1.07 and a beta of 0.83. Unum Group has a twelve month low of $41.75 and a twelve month high of $54.57.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. Unum Group’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 EPS. Analysts expect that Unum Group will post 8.24 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, April 26th were given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Thursday, April 25th. Unum Group’s dividend payout ratio (DPR) is presently 21.69%.

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.