Janney Montgomery Scott LLC Has $2.62 Million Stock Holdings in Unum Group (NYSE:UNM)

Janney Montgomery Scott LLC lowered its holdings in shares of Unum Group (NYSE:UNM) by 14.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,915 shares of the financial services provider’s stock after selling 10,104 shares during the period. Janney Montgomery Scott LLC’s holdings in Unum Group were worth $2,619,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UNM. Silver Oak Securities Incorporated acquired a new position in Unum Group during the third quarter worth about $25,000. Contravisory Investment Management Inc. acquired a new position in Unum Group during the 4th quarter worth approximately $25,000. Neo Ivy Capital Management bought a new position in Unum Group in the 3rd quarter valued at approximately $36,000. Daiwa Securities Group Inc. acquired a new stake in Unum Group in the fourth quarter valued at approximately $36,000. Finally, CVA Family Office LLC bought a new stake in shares of Unum Group during the fourth quarter worth $49,000. 86.57% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the transaction, the chief executive officer now directly owns 1,076,753 shares of the company’s stock, valued at $52,922,409.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $49.15, for a total value of $2,457,500.00. Following the transaction, the chief executive officer now directly owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the sale, the executive vice president now directly owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The disclosure for this sale can be found here. Insiders sold 88,500 shares of company stock worth $4,425,095 in the last quarter. 0.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Unum Group Price Performance

Shares of NYSE UNM opened at $52.67 on Friday. The company has a market capitalization of $9.97 billion, a PE ratio of 7.83, a P/E/G ratio of 1.11 and a beta of 0.87. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. Unum Group has a twelve month low of $41.75 and a twelve month high of $54.57. The firm has a fifty day simple moving average of $52.25 and a 200 day simple moving average of $48.26.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.15. Unum Group had a return on equity of 16.02% and a net margin of 10.52%. The firm had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company posted $1.87 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that Unum Group will post 8.24 EPS for the current year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, April 26th were given a dividend of $0.365 per share. This represents a $1.46 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend was Thursday, April 25th. Unum Group’s dividend payout ratio (DPR) is 21.69%.

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.