Mather Group LLC. Has $227,000 Stock Holdings in Unum Group (NYSE:UNM)

Mather Group LLC. cut its position in Unum Group (NYSE:UNM) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,028 shares of the financial services provider’s stock after selling 273 shares during the quarter. Mather Group LLC.’s holdings in Unum Group were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of UNM. Asset Management One Co. Ltd. acquired a new position in shares of Unum Group in the third quarter valued at $1,019,000. Commonwealth Equity Services LLC raised its stake in shares of Unum Group by 2.7% in the third quarter. Commonwealth Equity Services LLC now owns 51,041 shares of the financial services provider’s stock valued at $2,511,000 after acquiring an additional 1,318 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Unum Group by 1.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,404 shares of the financial services provider’s stock worth $1,692,000 after acquiring an additional 559 shares in the last quarter. FinTrust Capital Advisors LLC grew its position in Unum Group by 125.9% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,229 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 685 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Unum Group by 1.8% during the 3rd quarter. Raymond James & Associates now owns 248,052 shares of the financial services provider’s stock valued at $12,202,000 after purchasing an additional 4,372 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UNM. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company increased their price objective on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. boosted their target price on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Truist Financial increased their price target on shares of Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.38.

Insider Activity

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at $2,772,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven Andrew Zabel sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total transaction of $510,600.00. Following the sale, the chief financial officer now directly owns 122,246 shares in the company, valued at $6,241,880.76. The disclosure for this sale can be found here. Insiders have sold a total of 81,000 shares of company stock worth $4,018,100 over the last three months. Corporate insiders own 0.93% of the company’s stock.

Unum Group Price Performance

Shares of UNM opened at $51.63 on Friday. The stock has a 50 day simple moving average of $51.55 and a 200 day simple moving average of $47.73. Unum Group has a 52-week low of $41.75 and a 52-week high of $54.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.27 and a current ratio of 0.28. The firm has a market capitalization of $9.78 billion, a PE ratio of 7.67, a P/E/G ratio of 1.28 and a beta of 0.87.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company earned $1.87 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts predict that Unum Group will post 8.19 EPS for the current fiscal year.

Unum Group Announces Dividend

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

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.