Kingsview Wealth Management LLC Sells 50,751 Shares of Unum Group (NYSE:UNM)

Kingsview Wealth Management LLC cut its stake in Unum Group (NYSE:UNM) by 91.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,974 shares of the financial services provider’s stock after selling 50,751 shares during the period. Kingsview Wealth Management LLC’s holdings in Unum Group were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barrett & Company Inc. raised its position in shares of Unum Group by 300.0% during the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider’s stock valued at $29,000 after buying an additional 297 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Unum Group during the third quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Unum Group in the 3rd quarter valued at approximately $37,000. V Square Quantitative Management LLC lifted its position in shares of Unum Group by 38.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 194 shares during the period. Finally, Quarry LP grew its holdings in shares of Unum Group by 4,794.7% during the 3rd quarter. Quarry LP now owns 930 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 911 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Unum Group Stock Up 0.4 %

Shares of UNM opened at $75.44 on Friday. The business’s 50 day simple moving average is $74.21 and its 200-day simple moving average is $65.87. Unum Group has a one year low of $48.11 and a one year high of $79.43. The company has a market capitalization of $13.78 billion, a P/E ratio of 7.97, a PEG ratio of 1.17 and a beta of 0.80. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. As a group, sell-side analysts predict that Unum Group will post 9.12 EPS for the current fiscal year.

Unum Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 24th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.23%. Unum Group’s payout ratio is 17.74%.

Insider Activity

In other news, CEO Richard P. Mckenney sold 58,865 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $75.39, for a total value of $4,437,832.35. Following the transaction, the chief executive officer now owns 1,007,003 shares of the company’s stock, valued at approximately $75,917,956.17. This trade represents a 5.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $76.92, for a total transaction of $769,200.00. Following the sale, the executive vice president now owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. This represents a 15.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,865 shares of company stock valued at $6,315,082 over the last three months. 0.93% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UNM. JPMorgan Chase & Co. restated a “neutral” rating and issued a $79.00 target price (up from $74.00) on shares of Unum Group in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price objective on shares of Unum Group from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. BMO Capital Markets initiated coverage on shares of Unum Group in a research report on Thursday, January 23rd. They set an “outperform” rating and a $91.00 target price on the stock. Truist Financial raised their price target on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.33.

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.