Atria Investments Inc Has $297,000 Stake in Unum Group (NYSE:UNM)

Atria Investments Inc reduced its stake in shares of Unum Group (NYSE:UNM) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,993 shares of the financial services provider’s stock after selling 171 shares during the quarter. Atria Investments Inc’s holdings in Unum Group were worth $297,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNM. Versant Capital Management Inc raised its stake in shares of Unum Group by 361.5% during the 2nd quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 394 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Unum Group in the second quarter worth approximately $26,000. 1620 Investment Advisors Inc. bought a new position in Unum Group during the second quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in Unum Group in the third quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Unum Group in the third quarter worth approximately $37,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on UNM shares. Barclays upped their price objective on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $66.00 price target (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Truist Financial raised their price objective on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their target price on Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $67.73.

Insider Transactions at Unum Group

In other Unum Group news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares in the company, valued at $581,591.16. This trade represents a 15.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard P. Mckenney sold 67,795 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the sale, the chief executive officer now directly owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. This represents a 5.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 165,709 shares of company stock worth $10,956,914 over the last quarter. Company insiders own 0.93% of the company’s stock.

Unum Group Stock Up 0.5 %

Shares of UNM stock opened at $75.83 on Friday. The firm’s fifty day moving average price is $63.45 and its two-hundred day moving average price is $56.49. Unum Group has a 1 year low of $41.97 and a 1 year high of $76.31. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.85 billion, a P/E ratio of 8.21, a PEG ratio of 1.06 and a beta of 0.76.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating 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 firm 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 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Unum Group will post 8.53 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 annualized dividend and a yield of 2.22%. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Unum Group announced that its board has authorized a share buyback program on Tuesday, July 30th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 10% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.