Insider Selling: Unum Group (UNM) EVP Sells $331,920.00 in Stock
Unum Group (NYSE:UNM) EVP Christopher J. Jerome sold 8,000 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $41.49, for a total transaction of $331,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Unum Group (NYSE:UNM) opened at 42.55 on Monday. The firm has a 50-day moving average of $36.20 and a 200 day moving average of $34.60. Unum Group has a 12-month low of $23.99 and a 12-month high of $42.67. The company has a market capitalization of $9.88 billion, a PE ratio of 11.17 and a beta of 1.50.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. Unum Group had a net margin of 8.29% and a return on equity of 10.24%. The firm earned $2.76 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The business’s revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Unum Group will post $3.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, October 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, October 27th. Unum Group’s dividend payout ratio (DPR) is currently 20.94%.
A number of brokerages recently weighed in on UNM. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Credit Suisse Group AG initiated coverage on shares of Unum Group in a research note on Friday, October 7th. They issued a “neutral” rating and a $42.00 target price for the company. Goldman Sachs Group Inc. boosted their price target on shares of Unum Group from $30.00 to $33.00 and gave the stock a “sell” rating in a research report on Friday, September 23rd. Royal Bank Of Canada boosted their price target on shares of Unum Group from $36.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 15th. Finally, Morgan Stanley boosted their price target on shares of Unum Group from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $37.71.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Unum Group by 4.1% in the second quarter. Vanguard Group Inc. now owns 22,424,545 shares of the company’s stock worth $712,877,000 after buying an additional 875,760 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Unum Group by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 10,541,586 shares of the company’s stock worth $372,224,000 after buying an additional 183,517 shares in the last quarter. Boston Partners boosted its position in shares of Unum Group by 5.9% in the third quarter. Boston Partners now owns 8,717,489 shares of the company’s stock worth $307,814,000 after buying an additional 483,254 shares in the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Unum Group by 0.4% in the second quarter. Donald Smith & CO. Inc. now owns 6,803,180 shares of the company’s stock worth $216,273,000 after buying an additional 28,101 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Unum Group by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,574,819 shares of the company’s stock worth $232,157,000 after buying an additional 47,918 shares in the last quarter. Hedge funds and other institutional investors own 94.12% of the company’s stock.
About Unum Group
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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