SG Americas Securities LLC Has $135,000 Holdings in Unum Group (NYSE:UNM) (2024)

SG Americas Securities LLC reduced its stake in Unum Group (NYSE:UNM - Free Report) by 90.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,992 shares of the financial services provider's stock after selling 29,306 shares during the period. SG Americas Securities LLC's holdings in Unum Group were worth $135,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. MBM Wealth Consultants LLC grew its stake in Unum Group by 3.9% in the 3rd quarter. MBM Wealth Consultants LLC now owns 5,938 shares of the financial services provider's stock worth $297,000 after acquiring an additional 223 shares in the last quarter. United Services Automobile Association lifted its position in shares of Unum Group by 1.9% in the 3rd quarter. United Services Automobile Association now owns 12,530 shares of the financial services provider's stock worth $616,000 after purchasing an additional 239 shares during the period. Savant Capital LLC lifted its position in shares of Unum Group by 3.5% in the 3rd quarter. Savant Capital LLC now owns 7,927 shares of the financial services provider's stock worth $390,000 after purchasing an additional 266 shares during the period. Wedmont Private Capital lifted its position in shares of Unum Group by 6.3% in the 4th quarter. Wedmont Private Capital now owns 4,655 shares of the financial services provider's stock worth $213,000 after purchasing an additional 274 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Unum Group by 2.7% in the 2nd quarter. Baird Financial Group Inc. now owns 10,946 shares of the financial services provider's stock worth $522,000 after purchasing an additional 288 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Unum Group Stock Performance

Unum Group stock traded up $0.51 during mid-day trading on Thursday, reaching $50.67. 105,485 shares of the company traded hands, compared to its average volume of 1,414,429. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.27 and a quick ratio of 0.27. Unum Group has a fifty-two week low of $40.04 and a fifty-two week high of $54.57. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 1.01 and a beta of 0.87. The firm's fifty day moving average is $50.89 and its two-hundred day moving average is $47.56.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.07). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.43 EPS. On average, equities research analysts expect that Unum Group will post 8.19 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.88%. Unum Group's payout ratio is currently 22.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UNM shares. Wells Fargo & Company upped 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. Morgan Stanley increased their target price on shares of Unum Group from $50.00 to $52.00 and gave the company an "equal weight" rating in a research report on Monday. StockNews.com raised shares of Unum Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. increased their target price 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. Finally, The Goldman Sachs Group increased 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Unum Group currently has a consensus rating of "Moderate Buy" and an average target price of $56.38.

Get Our Latest Stock Analysis on Unum Group

Insider Transactions at Unum Group

In other 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 value of $2,457,500.00. Following the sale, the chief executive officer now owns 1,076,753 shares in the company, valued at $52,922,409.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Lisa G. Iglesias sold 16,000 shares of the firm's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $50.00, for a total transaction of $800,000.00. Following the sale, the executive vice president now owns 40,840 shares in the company, valued at $2,042,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard P. Mckenney sold 50,000 shares of the firm's 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 sale, the chief executive officer now owns 1,076,753 shares in the company, valued at approximately $52,922,409.95. The disclosure for this sale can be found here. Insiders have sold 81,000 shares of company stock worth $4,018,100 over the last 90 days. 0.94% of the stock is currently owned by company insiders.

About Unum Group

(Free Report)

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.

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