Insider Selling: Unum Group (NYSE:UNM) EVP Sells 4,500 Shares of Stock

Unum Group (NYSE:UNM) EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the sale, the executive vice president now owns 56,262 shares of the company’s stock, valued at approximately $2,952,067.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Unum Group Price Performance

Shares of Unum Group stock traded up $0.09 during midday trading on Thursday, hitting $52.67. 625,530 shares of the company traded hands, compared to its average volume of 1,379,641. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.28 and a beta of 0.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s fifty day moving average price is $51.74 and its 200-day moving average price is $47.75. Unum Group has a 12 month low of $41.75 and a 12 month high of $54.57.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.20 billion. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 EPS. As a group, sell-side analysts forecast that Unum Group will post 8.19 earnings per share for the current year.

Unum Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be given a $0.365 dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.77%. Unum Group’s dividend payout ratio (DPR) is currently 21.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UNM. Silver Oak Securities Incorporated acquired a new position in shares of Unum Group in the 3rd quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Unum Group during the 4th quarter valued at $25,000. Salomon & Ludwin LLC acquired a new position in shares of Unum Group during the 1st quarter valued at $28,000. MCF Advisors LLC acquired a new position in shares of Unum Group during the 1st quarter valued at $35,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Unum Group during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Analyst Ratings Changes

UNM has been the subject of several analyst reports. Morgan Stanley lifted their price objective on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Truist Financial lifted their price objective on shares of Unum Group from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Wells Fargo & Company lifted their price objective on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. StockNews.com upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group boosted their target price on shares of Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and a consensus target price of $57.38.

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.