Measured Wealth Private Client Group LLC Sells 5,491 Shares of Unum Group (NYSE:UNM)

Measured Wealth Private Client Group LLC trimmed its position in Unum Group (NYSE:UNM) by 34.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,300 shares of the financial services provider’s stock after selling 5,491 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Unum Group were worth $466,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UNM. Asset Management One Co. Ltd. acquired a new position in Unum Group during the 3rd quarter valued at about $1,019,000. Commonwealth Equity Services LLC boosted its stake in Unum Group by 2.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,041 shares of the financial services provider’s stock valued at $2,511,000 after purchasing an additional 1,318 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Unum Group by 1.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,404 shares of the financial services provider’s stock valued at $1,692,000 after purchasing an additional 559 shares during the last quarter. FinTrust Capital Advisors LLC boosted its stake in Unum Group by 125.9% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,229 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 685 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in Unum Group by 1.8% during the 3rd quarter. Raymond James & Associates now owns 248,052 shares of the financial services provider’s stock valued at $12,202,000 after purchasing an additional 4,372 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UNM. JPMorgan Chase & Co. boosted their target price on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company boosted their target price on Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Morgan Stanley boosted their target price on Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. The Goldman Sachs Group boosted their target price on Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Finally, Truist Financial boosted their target price on Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.38.

Insider Buying and Selling at Unum Group

In other Unum Group 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 of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Unum Group 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 of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven Andrew Zabel sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were 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. Insiders have sold 81,000 shares of company stock valued at $4,018,100 in the last 90 days. 0.93% of the stock is currently owned by company insiders.

Unum Group Stock Performance

Shares of NYSE:UNM traded down $0.07 during mid-day trading on Friday, reaching $51.62. The company had a trading volume of 983,565 shares, compared to its average volume of 1,243,274. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.34. The firm has a market cap of $9.78 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.28 and a beta of 0.87. The company’s 50-day moving average price is $51.55 and its 200-day moving average price is $47.73. Unum Group has a one year low of $41.75 and a one year high of $54.57.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company had revenue of $3.20 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the firm posted $1.87 EPS. Unum Group’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Unum Group will post 8.19 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.365 per share. The ex-dividend date is Thursday, April 25th. This represents a $1.46 dividend on an annualized basis and a yield of 2.83%. Unum Group’s payout ratio is 21.69%.

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.