Unum Group (NYSE:UNM) CAO Walter Lynn Rice, Jr. Sells 1,500 Shares

Unum Group (NYSE:UNM) CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the sale, the chief accounting officer now directly owns 8,361 shares in the company, valued at $581,591.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Unum Group Trading Up 0.1 %

NYSE:UNM traded up $0.09 on Friday, reaching $69.45. The company’s stock had a trading volume of 1,062,654 shares, compared to its average volume of 1,250,269. The stock has a 50 day moving average price of $59.98 and a 200 day moving average price of $55.06. Unum Group has a 12-month low of $41.86 and a 12-month high of $70.40. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 7.51, a price-to-earnings-growth ratio of 1.03 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 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the business posted $1.94 earnings per share. On average, equities analysts anticipate that Unum Group will post 8.52 EPS for the current fiscal year.

Unum Group declared that its Board of Directors has approved a share buyback program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to purchase up to 10% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, October 25th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.42%. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UNM. Bank of America lifted their target price on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. UBS Group raised Unum Group to a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. decreased their target price on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Piper Sandler reiterated an “overweight” rating and set a $66.00 price target (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Finally, Wells Fargo & Company raised their price objective on Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.09.

Institutional Trading of Unum Group

A number of large investors have recently made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in Unum Group by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 180 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of Unum Group by 38.2% during the third quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 194 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in Unum Group by 2.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider’s stock valued at $518,000 after buying an additional 217 shares during the last quarter. Caprock Group LLC increased its holdings in shares of Unum Group by 1.8% in the 3rd quarter. Caprock Group LLC now owns 12,308 shares of the financial services provider’s stock valued at $732,000 after acquiring an additional 221 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Unum Group by 2.8% during the third quarter. Global Retirement Partners LLC now owns 8,292 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 224 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

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.