Vise Technologies Inc. grew its stake in shares of Unum Group (NYSE:UNM – Free Report) by 69.4% during the fourth quarter, HoldingsChannel reports. The firm owned 16,047 shares of the financial services provider’s stock after purchasing an additional 6,575 shares during the quarter. Vise Technologies Inc.’s holdings in Unum Group were worth $1,244,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Laurel Wealth Advisors LLC bought a new stake in shares of Unum Group during the 4th quarter valued at about $25,000. Triumph Capital Management bought a new stake in shares of Unum Group during the 3rd quarter valued at about $31,000. Ancora Advisors LLC boosted its stake in shares of Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 339 shares in the last quarter. Danske Bank A S bought a new stake in shares of Unum Group during the 3rd quarter valued at about $47,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Unum Group during the 4th quarter valued at about $48,000. Institutional investors own 86.57% of the company’s stock.
Unum Group Trading Up 0.3%
Shares of NYSE UNM opened at $87.08 on Tuesday. The firm’s 50 day moving average price is $79.93 and its 200-day moving average price is $76.97. The company has a market cap of $13.91 billion, a PE ratio of 18.93, a P/E/G ratio of 0.88 and a beta of 0.24. Unum Group has a 52-week low of $68.28 and a 52-week high of $87.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.35 and a current ratio of 0.35.
Unum Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, April 24th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, April 24th. Unum Group’s dividend payout ratio is currently 40.00%.
Insider Activity at Unum Group
In other news, EVP Christopher W. Pyne sold 4,852 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $72.47, for a total value of $351,624.44. Following the transaction, the executive vice president owned 52,268 shares in the company, valued at approximately $3,787,861.96. This represents a 8.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Elizabeth Claire Ahmed sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $80.14, for a total transaction of $961,680.00. Following the completion of the transaction, the executive vice president owned 42,587 shares in the company, valued at approximately $3,412,922.18. This represents a 21.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “moderate buy” rating and set a $95.00 target price on shares of Unum Group in a research note on Thursday, March 26th. Truist Financial boosted their price objective on shares of Unum Group from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Zacks Research raised shares of Unum Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley boosted their price objective on shares of Unum Group from $80.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen raised shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $93.83.
Get Our Latest Research Report on UNM
About Unum Group
Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.
In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.
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