Accurate Wealth Management LLC Sells 2,553 Shares of Unum Group (NYSE:UNM)

Accurate Wealth Management LLC trimmed its stake in Unum Group (NYSE:UNM) by 48.3% during the first quarter, Holdings Channel reports. The fund owned 2,731 shares of the financial services provider’s stock after selling 2,553 shares during the quarter. Accurate Wealth Management LLC’s holdings in Unum Group were worth $206,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UNM. Kestra Investment Management LLC acquired a new stake in Unum Group in the 4th quarter valued at approximately $38,000. Millstone Evans Group LLC acquired a new stake in Unum Group in the 4th quarter valued at approximately $45,000. Duncker Streett & Co. Inc. acquired a new stake in Unum Group in the 4th quarter valued at approximately $58,000. V Square Quantitative Management LLC grew its holdings in Unum Group by 36.5% in the 4th quarter. V Square Quantitative Management LLC now owns 958 shares of the financial services provider’s stock valued at $70,000 after buying an additional 256 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Unum Group by 30.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,206 shares of the financial services provider’s stock valued at $88,000 after buying an additional 278 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analysts Set New Price Targets

UNM has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Unum Group from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. UBS Group set a $89.00 price objective on Unum Group and gave the stock a “neutral” rating in a report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on Unum Group from $81.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective on Unum Group from $103.00 to $102.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Barclays lifted their price objective on Unum Group from $85.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.29.

Insider Buying and Selling at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the completion of the sale, the executive vice president now owns 51,170 shares in the company, valued at $4,093,600. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.92% of the company’s stock.

Unum Group Price Performance

Unum Group stock opened at $78.55 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The company has a market capitalization of $13.70 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.14 and a beta of 0.43. Unum Group has a one year low of $48.38 and a one year high of $84.48. The business has a 50 day simple moving average of $78.68 and a 200 day simple moving average of $77.05.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a net margin of 13.81% and a return on equity of 14.91%. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.34 billion. During the same quarter in the previous year, the firm posted $2.12 EPS. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were given a $0.42 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.68 annualized dividend and a yield of 2.14%. Unum Group’s payout ratio is 19.79%.

Unum Group announced that its board has authorized a share repurchase program on Tuesday, February 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 7.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.