Unum Group (NYSE:UNM) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC decreased its position in shares of Unum Group (NYSE:UNM) by 14.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,837 shares of the financial services provider’s stock after selling 3,817 shares during the quarter. Convergence Investment Partners LLC’s holdings in Unum Group were worth $1,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caprock Group LLC lifted its position in Unum Group by 3.0% in 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 lifted its position in 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 buying an additional 239 shares during the last quarter. Private Trust Co. NA lifted its position in Unum Group by 12.0% in the fourth quarter. Private Trust Co. NA now owns 2,385 shares of the financial services provider’s stock valued at $108,000 after buying an additional 255 shares during the last quarter. Savant Capital LLC lifted its position in Unum Group by 3.5% in the third quarter. Savant Capital LLC now owns 7,927 shares of the financial services provider’s stock valued at $390,000 after buying an additional 266 shares during the last quarter. Finally, Wedmont Private Capital lifted its position in Unum Group by 6.3% in the fourth quarter. Wedmont Private Capital now owns 4,655 shares of the financial services provider’s stock valued at $213,000 after buying an additional 274 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

Unum Group Price Performance

Unum Group stock traded down $0.61 during midday trading on Friday, reaching $50.75. 1,016,680 shares of the company were exchanged, compared to its average volume of 1,050,215. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.02 and a beta of 0.87. The firm’s 50-day simple moving average is $51.34 and its 200-day simple moving average is $47.67. Unum Group has a 1 year low of $40.04 and a 1 year high of $54.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 EPS. On average, analysts anticipate that Unum Group will post 8.18 EPS for the current year.

Unum Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, April 25th. Unum Group’s dividend payout ratio is presently 22.50%.

Insider Buying and Selling

In other Unum Group news, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Unum Group news, CFO Steven Andrew Zabel sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total value of $510,600.00. Following the completion of the sale, the chief financial officer now owns 122,246 shares in the company, valued at approximately $6,241,880.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the sale, the chief executive officer now owns 1,076,753 shares of the company’s stock, valued at approximately $52,922,409.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,000 shares of company stock worth $4,018,100. 0.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on UNM shares. The Goldman Sachs Group upped their target price on shares of Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. increased their price target on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Morgan Stanley increased their price target on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company increased their price target on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.38.

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.