Envestnet Asset Management Inc. Has $2.75 Million Holdings in Unum Group (NYSE:UNM)

Envestnet Asset Management Inc. raised its holdings in shares of Unum Group (NYSE:UNMGet Rating) by 170.1% in the second quarter, Holdings Channel reports. The institutional investor owned 80,749 shares of the financial services provider’s stock after buying an additional 50,856 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Unum Group were worth $2,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its holdings in shares of Unum Group by 15.0% during the second quarter. Nisa Investment Advisors LLC now owns 58,560 shares of the financial services provider’s stock worth $1,992,000 after buying an additional 7,650 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Unum Group by 229.8% during the second quarter. Belpointe Asset Management LLC now owns 27,021 shares of the financial services provider’s stock worth $919,000 after buying an additional 18,829 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of Unum Group by 3.6% in the second quarter. Advisory Services Network LLC now owns 78,431 shares of the financial services provider’s stock valued at $2,669,000 after purchasing an additional 2,711 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Unum Group by 12.9% in the second quarter. Treasurer of the State of North Carolina now owns 84,729 shares of the financial services provider’s stock valued at $2,882,000 after purchasing an additional 9,649 shares in the last quarter. Finally, Clear Street Markets LLC raised its stake in shares of Unum Group by 71.4% in the second quarter. Clear Street Markets LLC now owns 3,600 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 1,500 shares in the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Performance

Shares of NYSE:UNM opened at $40.00 on Thursday. The business’s fifty day moving average price is $41.73 and its two-hundred day moving average price is $37.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.30 and a quick ratio of 0.30. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.53 and a beta of 1.16. Unum Group has a fifty-two week low of $22.25 and a fifty-two week high of $46.64.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, October 28th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Thursday, October 27th. Unum Group’s payout ratio is presently 22.37%.

Insider Transactions at Unum Group

In other news, CEO Richard P. Mckenney sold 40,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.13, for a total transaction of $1,605,200.00. Following the sale, the chief executive officer now owns 950,367 shares in the company, valued at $38,138,227.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Lisa G. Iglesias sold 20,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $40.00, for a total transaction of $800,000.00. Following the sale, the executive vice president now owns 56,814 shares in the company, valued at $2,272,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard P. Mckenney sold 40,000 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $40.13, for a total value of $1,605,200.00. Following the transaction, the chief executive officer now directly owns 950,367 shares in the company, valued at approximately $38,138,227.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,400 shares of company stock worth $2,648,308. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Credit Suisse Group upped their target price on Unum Group from $21.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. The Goldman Sachs Group lowered Unum Group from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Wednesday. Morgan Stanley upped their target price on Unum Group from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 2nd. Truist Financial upped their target price on Unum Group from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 7th. Finally, StockNews.com started coverage on Unum Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Unum Group has a consensus rating of “Hold” and an average price target of $39.60.

Unum Group Profile

(Get Rating)

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. 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.

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Institutional Ownership by Quarter for Unum Group (NYSE:UNM)

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