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

Unum Group (NYSE:UNM - Get Free Report) EVP Elizabeth Claire Ahmed sold 5,000 shares of the company's stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $64.16, for a total transaction of $320,800.00. Following the sale, the executive vice president now directly owns 58,741 shares of the company's stock, valued at approximately $3,768,822.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Unum Group Price Performance

NYSE UNM traded down $0.04 on Monday, reaching $64.08. The company's stock had a trading volume of 1,420,573 shares, compared to its average volume of 1,246,229. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $59.01 and a 200 day moving average price of $54.67. The firm has a market cap of $11.70 billion, a PE ratio of 6.99, a price-to-earnings-growth ratio of 0.94 and a beta of 0.76. Unum Group has a 52 week low of $41.86 and a 52 week high of $64.97.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The business's revenue was up 4.0% compared to the same quarter last year. Sell-side analysts expect that Unum Group will post 8.52 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, October 25th. Unum Group's payout ratio is currently 18.18%.

Unum Group declared that its board has approved a share repurchase program on Tuesday, July 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 10% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Unum Group

Institutional investors and hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC raised its holdings in shares of Unum Group by 89.8% in the second quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider's stock valued at $61,728,000 after buying an additional 571,436 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Unum Group by 62.9% in the second quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider's stock worth $57,237,000 after acquiring an additional 432,240 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in shares of 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 purchasing an additional 64,661 shares in the last quarter. Sei Investments Co. grew its stake in shares of Unum Group by 9.5% during the second quarter. Sei Investments Co. now owns 413,350 shares of the financial services provider's stock valued at $21,127,000 after purchasing an additional 35,723 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in Unum Group by 20.5% in the 1st quarter. Lazard Asset Management LLC now owns 411,467 shares of the financial services provider's stock worth $22,078,000 after purchasing an additional 69,928 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on UNM. Jefferies Financial Group upped their price target on shares of Unum Group from $63.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. lowered their target price on Unum Group from $65.00 to $63.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Bank of America upped their price target on Unum Group from $54.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Citigroup raised their price objective on shares of Unum Group from $62.00 to $69.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Finally, Truist Financial upped their target price on shares of Unum Group from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Unum Group presently has an average rating of "Moderate Buy" and a consensus target price of $66.09.

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.

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