Unum Group (NYSE:UNM) EVP Sells $579,250.00 in Stock

Unum Group (NYSE:UNM - Get Free Report) EVP Lisa G. Iglesias sold 7,000 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $82.75, for a total value of $579,250.00. Following the transaction, the executive vice president now owns 31,284 shares in the company, valued at approximately $2,588,751. This trade represents a 18.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Unum Group Stock Performance

UNM traded down $0.41 during trading hours on Friday, hitting $79.05. The stock had a trading volume of 1,274,457 shares, compared to its average volume of 1,147,109. The company's fifty day simple moving average is $75.47 and its 200 day simple moving average is $68.35. Unum Group has a 1 year low of $48.38 and a 1 year high of $83.96. The stock has a market cap of $14.44 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. Equities analysts anticipate that Unum Group will post 9.14 earnings per share for the current year.

Remove Ads

Unum Group declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 7.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 24th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.13%. The ex-dividend date was Friday, January 24th. Unum Group's dividend payout ratio (DPR) is currently 17.74%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UNM. State of Alaska Department of Revenue boosted its stake in Unum Group by 2.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,857 shares of the financial services provider's stock worth $1,180,000 after purchasing an additional 500 shares during the period. Farther Finance Advisors LLC boosted its stake in Unum Group by 60.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,218 shares of the financial services provider's stock worth $191,000 after purchasing an additional 1,211 shares during the period. Chicago Partners Investment Group LLC boosted its stake in Unum Group by 23.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,941 shares of the financial services provider's stock worth $313,000 after purchasing an additional 940 shares during the period. Van ECK Associates Corp boosted its stake in Unum Group by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 108,076 shares of the financial services provider's stock worth $6,855,000 after purchasing an additional 30,881 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Unum Group by 24.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 226,478 shares of the financial services provider's stock worth $13,462,000 after purchasing an additional 43,773 shares during the period. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Unum Group from $81.00 to $91.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods raised their price objective on Unum Group from $90.00 to $103.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Raymond James upgraded Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective on the stock in a research note on Wednesday. Jefferies Financial Group raised their price objective on Unum Group from $91.00 to $96.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Piper Sandler raised their price objective on Unum Group from $82.00 to $87.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $86.62.

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.