Team Hewins LLC Trims Stock Holdings in Unum Group (NYSE:UNM)

Team Hewins LLC cut its holdings in shares of Unum Group (NYSE:UNM) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,750 shares of the financial services provider’s stock after selling 229 shares during the period. Team Hewins LLC’s holdings in Unum Group were worth $255,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Unum Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,590,655 shares of the financial services provider’s stock worth $931,109,000 after buying an additional 300,840 shares in the last quarter. Norges Bank acquired a new position in Unum Group in the fourth quarter valued at approximately $590,489,000. Donald Smith & CO. Inc. boosted its holdings in Unum Group by 4.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,687,182 shares of the financial services provider’s stock valued at $166,734,000 after purchasing an additional 163,682 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Unum Group by 51.7% in the first quarter. Nordea Investment Management AB now owns 2,961,539 shares of the financial services provider’s stock valued at $158,590,000 after purchasing an additional 1,008,776 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Unum Group by 2.6% in the fourth quarter. LSV Asset Management now owns 2,930,577 shares of the financial services provider’s stock valued at $132,521,000 after purchasing an additional 73,700 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Unum Group Stock Performance

Shares of Unum Group stock traded up $0.37 during trading hours on Thursday, hitting $51.61. 474,013 shares of the company were exchanged, compared to its average volume of 1,263,403. Unum Group has a 1 year low of $41.75 and a 1 year high of $54.57. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average of $51.55 and a 200-day moving average of $50.07. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 1.06 and a beta of 0.81.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. The firm had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. Unum Group’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.87 earnings per share. As a group, analysts expect that Unum Group will post 8.25 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Friday, April 26th were given a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.83%. The ex-dividend date was Thursday, April 25th. Unum Group’s payout ratio is 21.69%.

Insiders Place Their Bets

In other Unum Group news, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total value of $236,115.00. Following the completion of the transaction, the executive vice president now owns 56,262 shares in the company, valued at $2,952,067.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Timothy F. Keaney sold 8,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total transaction of $420,880.00. Following the sale, the director now owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 4,500 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total value of $236,115.00. Following the sale, the executive vice president now directly owns 56,262 shares in the company, valued at approximately $2,952,067.14. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UNM. Wells Fargo & Company upped their price target on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Evercore ISI increased their price objective on Unum Group from $56.00 to $58.00 and gave the company an “in-line” rating in a report on Wednesday, June 26th. Truist Financial increased their price objective on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. increased their price objective on Unum Group from $58.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd. Finally, Jefferies Financial Group increased their price objective on Unum Group from $63.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.50.

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.