Unum Group (NYSE:UNM) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund decreased its stake in Unum Group (NYSE:UNM) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,208 shares of the financial services provider’s stock after selling 371 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Unum Group were worth $2,498,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Advisor OS LLC purchased a new position in shares of Unum Group in the fourth quarter worth about $201,000. FourThought Financial Partners LLC purchased a new position in shares of Unum Group in the fourth quarter worth about $341,000. Callan Capital LLC lifted its stake in shares of Unum Group by 12.3% in the fourth quarter. Callan Capital LLC now owns 9,061 shares of the financial services provider’s stock worth $662,000 after buying an additional 996 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Unum Group by 44.9% in the fourth quarter. Allianz Asset Management GmbH now owns 1,264,994 shares of the financial services provider’s stock worth $92,383,000 after buying an additional 392,191 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Unum Group by 10.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 19,877 shares of the financial services provider’s stock worth $1,452,000 after buying an additional 1,927 shares in the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Price Performance

Shares of UNM opened at $81.74 on Friday. Unum Group has a 1-year low of $48.38 and a 1-year high of $83.96. The stock has a market cap of $14.93 billion, a PE ratio of 8.63, a P/E/G ratio of 1.14 and a beta of 0.80. The firm has a 50-day simple moving average of $74.51 and a two-hundred day simple moving average of $67.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28.

Unum Group (NYSE:UNM) last announced its quarterly 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%. As a group, analysts forecast that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, January 24th. Unum Group’s dividend payout ratio is presently 17.74%.

Unum Group declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy up to 7.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UNM shares. Piper Sandler raised their price target on shares of Unum Group from $82.00 to $87.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Wells Fargo & Company raised their price target on shares of Unum Group from $81.00 to $91.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. BMO Capital Markets began coverage on shares of Unum Group in a research note on Thursday, January 23rd. They set an “outperform” rating and a $91.00 target price on the stock. Finally, StockNews.com downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.17.

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.