Teachers Retirement System of The State of Kentucky Sells 1,560 Shares of Unum Group (NYSE:UNM)

Teachers Retirement System of The State of Kentucky decreased its holdings in Unum Group (NYSE:UNM) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,350 shares of the financial services provider’s stock after selling 1,560 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Unum Group were worth $3,528,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in UNM. 1620 Investment Advisors Inc. bought a new stake in shares of Unum Group during the 2nd quarter worth about $29,000. 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 stake in shares of Unum Group during the third quarter worth approximately $37,000. Innealta Capital LLC bought a new position in shares of Unum Group during the second quarter worth approximately $40,000. Finally, Family Firm Inc. acquired a new stake in Unum Group during the 2nd quarter worth approximately $41,000. 86.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNM has been the topic of a number of research reports. Bank of America upped their price objective on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. UBS Group raised shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Piper Sandler reissued an “overweight” rating and issued a $66.00 price objective (up previously from $64.00) on shares of Unum Group in a report on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Finally, Evercore ISI upgraded 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Unum Group presently has a consensus rating of “Moderate Buy” and an average target price of $70.64.

Unum Group Stock Performance

Shares of NYSE:UNM opened at $73.83 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a 1 year low of $43.26 and a 1 year high of $77.63. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 1.06 and a beta of 0.79. The company’s 50 day simple moving average is $69.03 and its 200 day simple moving average is $59.06.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.94 earnings per share. As a group, research analysts predict that Unum Group will post 8.54 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. Investors of record on Friday, October 25th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, October 25th. Unum Group’s payout ratio is 18.18%.

Insider Buying and Selling at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the sale, the executive vice president now directly owns 58,741 shares of the company’s stock, valued at approximately $3,768,822.56. This trade represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher W. Pyne sold 3,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total value of $227,565.00. Following the sale, the executive vice president now owns 50,762 shares in the company, valued at approximately $3,554,355.24. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 107,914 shares of company stock worth $7,998,745 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

Unum Group Company 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.