Unum Group (NYSE:UNM) is apricus wealth LLC’s 6th Largest Position

apricus wealth LLC lessened its stake in shares of Unum Group (NYSE:UNM) by 0.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,365 shares of the financial services provider’s stock after selling 320 shares during the period. Unum Group comprises approximately 2.6% of apricus wealth LLC’s investment portfolio, making the stock its 6th biggest holding. apricus wealth LLC’s holdings in Unum Group were worth $3,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB raised its stake in shares of Unum Group by 51.7% during 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 acquiring an additional 1,008,776 shares in the last quarter. ProShare Advisors LLC raised 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 acquiring an additional 571,436 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Unum Group by 62.9% during the second quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock valued at $57,237,000 after acquiring an additional 432,240 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in Unum Group by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock worth $44,609,000 after buying an additional 64,661 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Unum Group by 9.5% in the second 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 in the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company boosted their price objective on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Truist Financial boosted their price objective on shares of Unum Group from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Unum Group from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.64.

Insiders Place Their Bets

In other Unum Group news, CEO Richard P. Mckenney sold 67,795 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $54.98, for a total value of $3,727,369.10. Following the completion of the transaction, the chief executive officer now owns 1,065,868 shares in the company, valued at approximately $58,601,422.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total value of $541,100.00. Following the completion of the transaction, the executive vice president now owns 64,821 shares in the company, valued at approximately $3,507,464.31. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard P. Mckenney sold 67,795 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.98, for a total transaction of $3,727,369.10. Following the completion of the transaction, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at approximately $58,601,422.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Unum Group Price Performance

Shares of UNM opened at $63.34 on Friday. The firm has a market capitalization of $12.00 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 0.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a 1-year low of $41.75 and a 1-year high of $64.52. The company’s fifty day moving average price is $57.96 and its 200-day moving average price is $54.11.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $2.02 by $0.14. Unum Group had a net margin of 10.40% and a return on equity of 15.55%. The company had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the company earned $2.06 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Unum Group will post 8.49 EPS for the current year.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be given a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.65%. Unum Group’s dividend payout ratio (DPR) is currently 24.96%.

Unum Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 10% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.