Unum Group (NYSE:UNM) EVP Sells $363,050.00 in Stock

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 value of $363,050.00. Following the completion of the sale, the executive vice president now owns 35,840 shares of the company’s stock, valued at $2,602,342.40. This represents a 12.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Unum Group Trading Up 0.5 %

Unum Group stock opened at $75.84 on Monday. Unum Group has a one year low of $41.97 and a one year high of $76.31. The stock has a market cap of $13.85 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.11 and a beta of 0.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50-day moving average of $63.86 and a two-hundred day moving average of $56.71.

Unum Group (NYSE:UNM) last released its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping 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 company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the business earned $1.94 EPS. Unum Group’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Unum Group will post 8.53 EPS for the current fiscal year.

Unum Group Announces Dividend

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

Unum Group announced that its Board of Directors has approved a share buyback 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 reacquire up to 10% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Unum Group

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

Analyst Ratings Changes

UNM has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. dropped their price objective on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Truist Financial upped their target price on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Bank of America lifted their price target on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.73.

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.