Mitsubishi UFJ Trust & Banking Corp has a $3.24 million position in Unum Group (NYSE: UNM).

Mitsubishi UFJ Trust & Banking Corp. reduced its stake in shares of Unum Group (NYSE: UNM – Receive Rating) by 24.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm held 95,168 shares of the financial services provider’s stock after selling 31,470 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holding in Unum Group was worth $3,238,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company recently. Lindbrook Capital LLC increased its stake in Unum Group to 39.0% during the second quarter. Lindbrook Capital LLC now owns 1,409 shares of the financial services provider’s stock valued at $48,000 after buying an additional 395 shares during the last quarter. Eversource Wealth Advisors LLC increased its stake in Unum Group by 350.7% during the second quarter. Eversource Wealth Advisors LLC now owns 1,992 shares of the financial services provider worth $68,000 after buying an additional 1,550 shares during the last quarter. Sittner & Nelson LLC acquired a new position in Unum Group during the first quarter worth $63,000. Lazard Asset Management LLC acquired a new position in Unum Group during the second quarter worth $71,000. Finally, MBM Wealth Consultants LLC increased its stake in Unum Group to 37.3% during the first quarter. MBM Wealth Consultants LLC now owns 2,443 shares of the financial services provider’s stock worth $77,000 after buying an additional 664 shares during the last quarter. Institutional investors and hedge funds hold 80.70% of the company’s stock.

insiders place their bets

In other Unum Group news, EVP Lisa G. Iglesias sold 20,000 shares of the stock in a transaction on Thursday, August 25. Shares were sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the transaction, the Executive Vice President now holds 56,814 shares in the company valued at $2,272,560. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available through the SEC website. In other Unum Group news, EVP Lisa G. Iglesias sold 20,000 shares of the stock in a transaction on Thursday, August 25. Shares were sold at an average price of $40.00, for a total transaction of $800,000.00. Following the completion of the transaction, the Executive Vice President now holds 56,814 shares in the company valued at $2,272,560. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available through the SEC website. Also, EVP Christopher W. Payne sold 5,400 shares of the stock in one transaction on Friday, November 4. The stock was sold at an average price of $45.02, for a total transaction of $243,108.00. Following the transaction, the executive vice president now owns 45,381 shares of the company’s stock, valued at approximately $2,043,052.62. Disclosure of this sale can be found here. Insiders sold 65,400 shares of company stock valued at $2,648,308 in the last quarter. 0.77% of the stock is currently held by company insiders.

Wall Street analysts weigh in

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Several analysts have issued reports on the stock recently. Morgan Stanley raised its target price on shares of Unum Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 2. Credit Suisse Group raised its target price on shares of Unum Group from $21.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18. Goldman Sachs Group lowered shares of Unum Group to a “neutral” rating from a “buy” rating and set a target price of $50.00 for the company. in a research note on Wednesday. Truist Financial raised its target price on shares of Unum Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, October 7. Finally, Barclays raised its target price on shares of Unum Group from $36.00 to $43.00 and gave the stock an “underweight” rating in a research note on Sunday, November 6. One equity research analyst has rated the stock with a Sell rating, ten have a Hold rating and one has issued a Buy rating on the company. Unum Group has a consensus rating of “Hold” and an average price target of $39.60, based on data from MarketBeat.

unum group price performance

UNM opened Friday at $40.84. The firm has a market cap of $8.12 billion, a P/E ratio of 6.92, a PEG ratio of 0.54, and a beta of 1.16. The firm’s 50-day moving average is $41.82 and 200-day moving average is $37.56. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.30 and a current ratio of 0.30. Unum Group has a 52 week low of $22.25 and a 52 week high of $46.64.

Unum Group declares dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 18. A dividend of $0.33 per share was paid to shareholders of record on Friday, October 28. The ex-dividend date of this dividend was Thursday, October 27. This represents a $1.32 dividend and a yield of 3.23% on an annualized basis. The dividend payout ratio of Unum Group currently stands at 22.37%.

Unum Group Company Profile

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Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom and Poland. It operates through Unum US, Unum International, Colonial Life and Closed Block segments. The Company Group offers long-term and short-term disability, group life, and accidental death and amputation products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, illness, disability, life and cancer and critical illness products.

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Institutional Ownership by Quarter for Unum Group (NYSE: UNM)

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