John F. Mcgarry Sells 12,000 Shares of Unum Group (UNM) Stock
Unum Group (NYSE:UNM) CFO John F. Mcgarry sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $41.44, for a total value of $497,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Unum Group (NYSE:UNM) opened at 42.54 on Friday. Unum Group has a 52 week low of $23.99 and a 52 week high of $42.61. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 11.16 and a beta of 1.50. The stock has a 50 day moving average price of $36.98 and a 200 day moving average price of $34.81.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm earned $2.76 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Unum Group had a return on equity of 10.24% and a net margin of 8.29%. Unum Group’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. Equities research analysts expect that Unum Group will post $3.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, October 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.80 annualized dividend and a yield of 1.88%. Unum Group’s dividend payout ratio is presently 20.94%.
A number of analysts have recently commented on UNM shares. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, October 17th. Wells Fargo & Co. started coverage on Unum Group in a research report on Thursday, September 22nd. They issued a “market perform” rating for the company. RBC Capital Markets restated an “outperform” rating and issued a $43.00 price objective (up from $36.00) on shares of Unum Group in a research report on Tuesday. Morgan Stanley boosted their price objective on Unum Group from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Thursday, July 28th. Finally, Royal Bank Of Canada boosted their price target on Unum Group from $36.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $37.71.
A number of institutional investors have recently modified their holdings of UNM. Advisor Group Inc. boosted its position in shares of Unum Group by 0.4% in the third quarter. Advisor Group Inc. now owns 8,690 shares of the company’s stock valued at $306,000 after buying an additional 32 shares in the last quarter. First Midwest Bank Trust Division boosted its position in shares of Unum Group by 0.4% in the third quarter. First Midwest Bank Trust Division now owns 12,691 shares of the company’s stock valued at $448,000 after buying an additional 50 shares in the last quarter. Ifrah Financial Services Inc. boosted its position in shares of Unum Group by 1.0% in the second quarter. Ifrah Financial Services Inc. now owns 7,413 shares of the company’s stock valued at $236,000 after buying an additional 76 shares in the last quarter. Advantus Capital Management Inc boosted its position in shares of Unum Group by 0.4% in the second quarter. Advantus Capital Management Inc now owns 22,883 shares of the company’s stock valued at $727,000 after buying an additional 95 shares in the last quarter. Finally, Carret Asset Management LLC boosted its position in shares of Unum Group by 1.3% in the second quarter. Carret Asset Management LLC now owns 12,025 shares of the company’s stock valued at $382,000 after buying an additional 150 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.
Unum Group Company Profile
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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