Unum Group (NYSE:UNM) EVP Lisa G. Iglesias Sells 5,000 Shares

Unum Group (NYSE:UNM) EVP Lisa G. Iglesias sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $72.61, for a total transaction of $363,050.00. Following the sale, the executive vice president now directly owns 35,840 shares of the company’s stock, valued at $2,602,342.40. The trade was a 12.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Unum Group Stock Up 0.5 %

Shares of UNM opened at $75.84 on Monday. The company’s 50-day moving average price is $63.86 and its 200 day moving average price is $56.71. Unum Group has a 12-month low of $41.97 and a 12-month high of $76.31. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market cap of $13.85 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.76.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the firm earned $1.94 EPS. The business’s revenue was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that Unum Group will post 8.53 earnings per share for the current year.

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Unum Group announced that its Board of Directors has authorized a share buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 10% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Unum Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its holdings in Unum Group by 10.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 12,778 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 1,221 shares during the period. Vestcor Inc lifted its position in shares of Unum Group by 156.2% during the third quarter. Vestcor Inc now owns 88,728 shares of the financial services provider’s stock worth $5,274,000 after purchasing an additional 54,095 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Unum Group by 35.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 18,935 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 4,931 shares during the period. MML Investors Services LLC grew its holdings in shares of Unum Group by 5.2% in the third quarter. MML Investors Services LLC now owns 17,288 shares of the financial services provider’s stock valued at $1,028,000 after purchasing an additional 859 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in Unum Group by 94.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,109 shares of the financial services provider’s stock worth $541,000 after buying an additional 4,425 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Truist Financial upped their price target on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their price objective on Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Bank of America upped their target price on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, UBS Group upgraded Unum Group to a “hold” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.73.

Unum Group Company Profile

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.