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 lowered its position in shares of Unum Group (NYSE:UNM) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,350 shares of the financial services provider’s stock after selling 1,560 shares during the quarter. 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.

Other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in shares of Unum Group by 89.8% during the second quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock valued at $61,728,000 after purchasing an additional 571,436 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Unum Group by 62.9% during the 2nd quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock worth $57,237,000 after buying an additional 432,240 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Unum Group by 151.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock valued at $30,297,000 after buying an additional 307,175 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Unum Group in the 2nd quarter valued at $6,640,000. Finally, Hsbc Holdings PLC raised its position in shares of Unum Group by 106.4% during the second quarter. Hsbc Holdings PLC now owns 233,881 shares of the financial services provider’s stock worth $11,915,000 after acquiring an additional 120,559 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UNM shares. Piper Sandler reiterated an “overweight” rating and issued a $66.00 price target (up previously from $64.00) on shares of Unum Group in a report on Friday, September 27th. Truist Financial raised their target price on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. UBS Group raised shares of Unum Group to a “hold” rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group increased their price target on Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Unum Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.64.

Unum Group Stock Performance

UNM stock opened at $73.83 on Friday. Unum Group has a 1-year low of $43.26 and a 1-year high of $77.63. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market cap of $13.48 billion, a PE ratio of 7.99, a P/E/G ratio of 1.06 and a beta of 0.79. The business’s 50-day moving average price is $69.03 and its two-hundred day moving average price is $59.06.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the business posted $1.94 EPS. Unum Group’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, research analysts forecast that Unum Group will post 8.54 earnings per share for the current year.

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Insider Transactions at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 3,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $70.02, for a total transaction of $227,565.00. Following the completion of the transaction, the executive vice president now owns 50,762 shares of the company’s stock, valued at $3,554,355.24. This represents a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at $581,591.16. This represents a 15.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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.

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.