Unum Group (NYSE:UNM) EVP Sells $227,565.00 in Stock

Unum Group (NYSE:UNM) EVP Christopher W. Pyne sold 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.02, for a total value of $227,565.00. Following the transaction, the executive vice president now owns 50,762 shares of the company’s stock, valued at $3,554,355.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Unum Group Stock Up 0.1 %

NYSE UNM traded up $0.09 on Friday, reaching $69.45. 1,062,654 shares of the stock traded hands, compared to its average volume of 1,250,269. Unum Group has a 12 month low of $41.86 and a 12 month high of $70.40. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 1.03 and a beta of 0.76. The company has a fifty day moving average price of $59.98 and a 200-day moving average price of $55.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, research analysts forecast that Unum Group will post 8.52 EPS for the current fiscal year.

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

Unum Group Dividend Announcement

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

Wall Street Analyst Weigh In

UNM has been the subject of several analyst reports. Truist Financial raised their price objective on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Piper Sandler reiterated an “overweight” rating and set a $66.00 price objective (up previously from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Bank of America increased their target price on shares of Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Evercore ISI lifted their price target on shares of Unum Group from $59.00 to $66.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, UBS Group upgraded shares of Unum Group to a “hold” rating in a report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Unum Group currently has a consensus rating of “Moderate Buy” and an average price target of $66.09.

Institutional Trading of Unum Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd acquired a new position in Unum Group during the first quarter valued at $1,130,000. Tidal Investments LLC boosted its stake in shares of Unum Group by 80.7% in the first quarter. Tidal Investments LLC now owns 64,008 shares of the financial services provider’s stock worth $3,436,000 after buying an additional 28,580 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Unum Group by 8.0% during the second quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock worth $44,609,000 after acquiring an additional 64,661 shares during the period. Cetera Advisors LLC acquired a new position in Unum Group in the first quarter valued at approximately $703,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Unum Group by 54.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,514 shares of the financial services provider’s stock valued at $4,150,000 after acquiring an additional 27,599 shares during the period. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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.