State of Alaska Department of Revenue Has $1.40 Million Holdings in Unum Group (NYSE:UNM)

State of Alaska Department of Revenue cut its stake in shares of Unum Group (NYSE:UNM) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,157 shares of the financial services provider’s stock after selling 700 shares during the period. State of Alaska Department of Revenue’s holdings in Unum Group were worth $1,399,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Unum Group during the third quarter worth approximately $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Unum Group during the third quarter worth approximately $37,000. V Square Quantitative Management LLC increased 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 purchasing an additional 194 shares during the period. Versant Capital Management Inc increased its holdings in shares of Unum Group by 26.4% during the fourth quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 160 shares during the period. Finally, Quarry LP increased its holdings in shares of Unum Group by 4,794.7% during the third 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. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UNM. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $67.00 to $84.00 in a report on Thursday, November 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 report on Tuesday, December 10th. Truist Financial raised their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler raised their target price on shares of Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Morgan Stanley lifted their price objective on shares of Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.33.

Unum Group Stock Performance

Shares of Unum Group stock opened at $75.18 on Thursday. Unum Group has a fifty-two week low of $47.65 and a fifty-two week high of $79.43. 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 $13.73 billion, a P/E ratio of 7.94, a P/E/G ratio of 1.17 and a beta of 0.80. The company’s 50 day moving average price is $74.21 and its two-hundred day moving average price is $65.87.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts forecast that Unum Group will post 9.12 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be issued a dividend of $0.42 per share. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.23%. Unum Group’s dividend payout ratio (DPR) is presently 17.74%.

Insider Transactions at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the transaction, the executive vice president now owns 54,827 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa G. Iglesias sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total transaction of $363,050.00. Following the completion of the transaction, the executive vice president now owns 35,840 shares in the company, valued at approximately $2,602,342.40. The trade was a 12.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,865 shares of company stock worth $6,315,082. Company insiders own 0.93% of the company’s stock.

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.