Elizabeth Claire Ahmed Sells 5,000 Shares of Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM) EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total value of $320,800.00. Following the completion of the sale, the executive vice president now directly owns 58,741 shares of the company’s stock, valued at $3,768,822.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Unum Group Stock Performance

NYSE UNM opened at $64.87 on Wednesday. The business has a 50-day moving average price of $59.40 and a 200-day moving average price of $54.85. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.94 and a beta of 0.76. Unum Group has a twelve month low of $41.86 and a twelve month high of $64.97. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32.

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

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

Unum Group Dividend Announcement

The business 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. This represents a $1.68 annualized dividend and a yield of 2.59%. The ex-dividend date is Friday, October 25th. Unum Group’s payout ratio is currently 18.18%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley raised their target price on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Truist Financial raised their price objective on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. UBS Group upgraded shares of Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Bank of America lifted their price target on shares of Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Citigroup upped their price objective on Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.09.

Hedge Funds Weigh In On Unum Group

A number of large investors have recently made changes to their positions in UNM. Versant Capital Management Inc grew its holdings in shares of Unum Group by 361.5% in the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 394 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Unum Group in the 2nd quarter worth $26,000. Salomon & Ludwin LLC bought a new position in Unum Group in the first quarter worth about $28,000. 1620 Investment Advisors Inc. purchased a new stake in Unum Group during the second quarter valued at approximately $29,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Unum Group during the 3rd quarter valued at $31,000. 86.57% of the stock is owned by hedge funds and other institutional investors.

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.