JPMorgan Chase & Co. Has $37.07 Million Stock Holdings in Unum Group (NYSE:UNM)

JPMorgan Chase & Co. lowered its position in shares of Unum Group (NYSE:UNM) by 4.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 623,724 shares of the financial services provider’s stock after selling 28,795 shares during the quarter. JPMorgan Chase & Co. owned 0.34% of Unum Group worth $37,074,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in UNM. Capital Performance Advisors LLP bought a new stake in Unum Group during the 3rd quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unum Group during the third quarter worth $37,000. V Square Quantitative Management LLC raised its holdings in shares of Unum Group by 38.2% during the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 194 shares during the period. William B. Walkup & Associates Inc. bought a new stake in Unum Group in the 2nd quarter valued at $44,000. Finally, Quarry LP boosted its stake in Unum Group by 4,794.7% in the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 911 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Stock Up 0.1 %

UNM opened at $73.20 on Tuesday. The stock’s fifty day simple moving average is $72.27 and its 200 day simple moving average is $61.56. Unum Group has a 1-year low of $44.83 and a 1-year high of $77.63. The stock has a market cap of $13.37 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted $1.94 EPS. Unum Group’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts expect that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Friday, October 25th. Unum Group’s payout ratio is 18.18%.

Insider Buying and Selling

In related news, CEO Richard P. Mckenney sold 58,865 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the transaction, the chief executive officer now directly owns 1,007,003 shares of the company’s stock, valued at approximately $75,917,956.17. This trade represents a 5.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the sale, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at $581,591.16. This represents a 15.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,914 shares of company stock valued at $7,998,745. Insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group boosted their price target on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Barclays upped their price target on Unum Group from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Sandler lifted their price objective on shares of Unum Group from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley raised their target price on shares of Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.09.

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.