Dumont & Blake Investment Advisors LLC Sells 12,922 Shares of Unum Group (NYSE:UNM)

Dumont & Blake Investment Advisors LLC trimmed its holdings in shares of Unum Group (NYSE:UNM) by 50.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,922 shares of the financial services provider’s stock after selling 12,922 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Unum Group were worth $768,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UNM. Quadrature Capital Ltd bought a new stake in Unum Group in the first quarter worth $1,130,000. Tidal Investments LLC lifted its stake in shares of Unum Group by 80.7% during the 1st quarter. Tidal Investments LLC now owns 64,008 shares of the financial services provider’s stock worth $3,436,000 after acquiring an additional 28,580 shares during the last quarter. Wedge Capital Management L L P NC increased 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 purchasing an additional 64,661 shares during the period. Nordea Investment Management AB boosted 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 purchasing an additional 1,008,776 shares during the period. Finally, Cetera Advisors LLC bought a new position in shares of Unum Group in the first quarter worth about $703,000. Institutional investors own 86.57% of the company’s stock.

Insider Activity at Unum Group

In other news, EVP Timothy Gerald Arnold sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total transaction of $541,100.00. Following the completion of the transaction, the executive vice president now directly owns 64,821 shares in the company, valued at approximately $3,507,464.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Richard P. Mckenney sold 67,795 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,065,868 shares in the company, valued at $58,601,422.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total transaction of $541,100.00. Following the transaction, the executive vice president now directly owns 64,821 shares of the company’s stock, valued at $3,507,464.31. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.93% of the stock is currently owned by company insiders.

Unum Group Price Performance

Shares of UNM traded down $0.87 during trading hours on Friday, reaching $62.47. 10,977 shares of the company traded hands, compared to its average volume of 1,223,201. The stock has a market capitalization of $11.83 billion, a PE ratio of 9.41, a price-to-earnings-growth ratio of 0.93 and a beta of 0.77. The stock has a fifty day simple moving average of $57.96 and a 200 day simple moving average of $54.11. Unum Group has a fifty-two week low of $41.75 and a fifty-two week high of $64.52. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.33.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.14. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Unum Group had a net margin of 10.40% and a return on equity of 15.55%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 EPS. As a group, research analysts predict that Unum Group will post 8.49 EPS for the current fiscal year.

Unum Group declared that its board has approved a stock buyback plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is 24.96%.

Analysts Set New Price Targets

Several brokerages recently issued reports on UNM. Wells Fargo & Company increased their price objective on Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Bank of America upped their price objective on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Piper Sandler restated an “overweight” rating and set a $66.00 price target (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. UBS Group raised Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays cut their price target on Unum Group from $73.00 to $72.00 and set an “overweight” rating for the company in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.64.

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.