Aviance Capital Partners LLC Sells 1,204 Shares of Unum Group (NYSE:UNM)

Aviance Capital Partners LLC decreased its stake in shares of Unum Group (NYSE:UNM) by 3.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,015 shares of the financial services provider’s stock after selling 1,204 shares during the period. Aviance Capital Partners LLC’s holdings in Unum Group were worth $1,629,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Caprock Group LLC lifted its holdings in shares of Unum Group by 3.0% in the 4th quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 230 shares during the last quarter. United Services Automobile Association lifted its stake in Unum Group by 1.9% in the third quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider’s stock worth $616,000 after purchasing an additional 239 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in Unum Group by 1.7% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,373 shares of the financial services provider’s stock valued at $695,000 after buying an additional 251 shares during the period. Private Trust Co. NA grew its stake in shares of Unum Group by 12.0% during the fourth quarter. Private Trust Co. NA now owns 2,385 shares of the financial services provider’s stock valued at $108,000 after buying an additional 255 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in shares of Unum Group by 4.4% in the fourth quarter. First Trust Direct Indexing L.P. now owns 6,168 shares of the financial services provider’s stock worth $279,000 after buying an additional 261 shares during the period. Institutional investors own 86.57% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Steven Andrew Zabel sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total transaction of $510,600.00. Following the sale, the chief financial officer now directly owns 122,246 shares in the company, valued at approximately $6,241,880.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,000 shares of company stock worth $4,018,100. 0.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial increased their target price on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company increased their price target on shares of Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. raised their price target on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group upped their price objective on shares of Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.38.

Unum Group Trading Up 1.1 %

NYSE UNM traded up $0.55 during trading on Monday, hitting $52.17. The company had a trading volume of 892,798 shares, compared to its average volume of 1,398,961. The company’s fifty day moving average is $51.61 and its 200-day moving average is $47.69. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. Unum Group has a one year low of $41.75 and a one year high of $54.57.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping the consensus estimate of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The business had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the business posted $1.87 earnings per share. Unum Group’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Unum Group will post 8.19 earnings per share for the current year.

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be paid a $0.365 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.46 annualized dividend and a yield of 2.80%. Unum Group’s payout ratio is 21.69%.

Unum Group 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.