Unum Group (NYSE:UNM) Shares Sold by Silver Lake Advisory LLC

Silver Lake Advisory LLC cut its stake in Unum Group (NYSE:UNM) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,536 shares of the financial services provider’s stock after selling 3,230 shares during the quarter. Unum Group comprises approximately 2.3% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 12th biggest position. Silver Lake Advisory LLC’s holdings in Unum Group were worth $5,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its stake in Unum Group by 17.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,473 shares of the financial services provider’s stock worth $917,000 after buying an additional 2,559 shares during the period. Blair William & Co. IL purchased a new stake in Unum Group during the 2nd quarter worth about $210,000. AE Wealth Management LLC purchased a new stake in shares of Unum Group during the second quarter worth approximately $236,000. Pacer Advisors Inc. raised its holdings in shares of Unum Group by 19.4% in the 2nd quarter. Pacer Advisors Inc. now owns 32,737 shares of the financial services provider’s stock valued at $1,673,000 after purchasing an additional 5,326 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Unum Group by 9.5% during the 2nd quarter. Sei Investments Co. now owns 413,350 shares of the financial services provider’s stock worth $21,127,000 after buying an additional 35,723 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Up 0.3 %

Shares of Unum Group stock opened at $75.54 on Friday. The company has a fifty day moving average price of $73.86 and a 200 day moving average price of $63.41. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.07 and a beta of 0.81. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group has a twelve month low of $46.39 and a twelve month high of $77.63.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The business had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm earned $1.94 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts forecast that Unum Group will post 8.54 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 24th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.22%. Unum Group’s dividend payout ratio is presently 18.18%.

Insider Buying and Selling

In other news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total value of $104,340.00. Following the transaction, the chief accounting officer now owns 8,361 shares of the company’s stock, valued at $581,591.16. This trade represents a 15.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s 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 in the company, valued at $3,768,822.56. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 107,914 shares of company stock valued at $7,998,745 over the last quarter. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UNM. BMO Capital Markets started coverage on shares of Unum Group in a research report on Thursday. They issued an “outperform” rating and a $91.00 target price on the stock. Truist Financial lifted their price objective on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their target price on Unum Group from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Bank of America increased their price target on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, UBS Group upgraded Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.75.

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.