Atria Wealth Solutions Inc. Cuts Stock Position in Unum Group (NYSE:UNM)

Atria Wealth Solutions Inc. trimmed its position in shares of Unum Group (NYSE:UNM) by 14.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 6,072 shares of the financial services provider’s stock after selling 1,043 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Unum Group were worth $275,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Caprock Group LLC increased its holdings in Unum Group by 3.0% during the fourth quarter. Caprock Group LLC now owns 8,004 shares of the financial services provider’s stock valued at $362,000 after buying an additional 230 shares during the last quarter. United Services Automobile Association raised its stake in shares of Unum Group by 1.9% in the third quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider’s stock valued at $616,000 after acquiring an additional 239 shares during the period. Private Trust Co. NA raised its position in Unum Group by 12.0% in the 4th quarter. Private Trust Co. NA now owns 2,385 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 255 shares during the period. Savant Capital LLC lifted its stake in shares of Unum Group by 3.5% during the 3rd quarter. Savant Capital LLC now owns 7,927 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 266 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in shares of Unum Group by 6.3% during the fourth quarter. Wedmont Private Capital now owns 4,655 shares of the financial services provider’s stock worth $213,000 after purchasing an additional 274 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on UNM shares. Morgan Stanley lifted their price objective on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. The Goldman Sachs Group boosted their price objective on shares of Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Company upped their target price on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $57.38.

Unum Group Stock Up 0.2 %

Shares of Unum Group stock opened at $52.58 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $51.74 and a 200 day moving average of $47.75. The company has a market capitalization of $9.96 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.28 and a beta of 0.87. Unum Group has a 52-week low of $41.75 and a 52-week high of $54.57.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 EPS for the quarter, topping 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 firm had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the business earned $1.87 EPS. Unum Group’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts forecast 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. Stockholders of record on Friday, April 26th will be paid a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s dividend payout ratio (DPR) is 21.69%.

Insiders Place Their Bets

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

Unum Group 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.