Unum Group (NYSE:UNM) Director Timothy F. Keaney Sells 8,000 Shares

Unum Group (NYSE:UNM) Director Timothy F. Keaney sold 8,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total value of $420,880.00. Following the transaction, the director now directly owns 37,505 shares in the company, valued at $1,973,138.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Unum Group Stock Performance

UNM stock opened at $52.82 on Friday. The business’s fifty day simple moving average is $51.81 and its two-hundred day simple moving average is $47.78. Unum Group has a twelve month low of $41.75 and a twelve month high of $54.57. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.28 and a beta of 0.87.

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

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s dividend payout ratio is currently 21.69%.

Analyst Ratings Changes

UNM has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their price target on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. The Goldman Sachs Group boosted their price target on Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley increased their price objective on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Unum Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,590,655 shares of the financial services provider’s stock worth $931,109,000 after purchasing an additional 300,840 shares during the period. Norges Bank purchased a new stake in shares of Unum Group in the 4th quarter valued at approximately $590,489,000. FMR LLC lifted its holdings in shares of Unum Group by 1.9% in the 3rd quarter. FMR LLC now owns 12,585,614 shares of the financial services provider’s stock worth $619,086,000 after acquiring an additional 236,136 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in shares of Unum Group by 4.6% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,687,182 shares of the financial services provider’s stock worth $166,734,000 after purchasing an additional 163,682 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Unum Group by 9.7% during the third quarter. AQR Capital Management LLC now owns 3,545,767 shares of the financial services provider’s stock worth $174,416,000 after purchasing an additional 313,482 shares in the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

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.