Insider Selling: Unum Group (NYSE:UNM) Director Sells 4,300 Shares of Stock

Unum Group (NYSE:UNM) Director Timothy Keaney sold 4,300 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $94.02, for a total value of $404,286.00. Following the completion of the sale, the director directly owned 36,502 shares of the company’s stock, valued at $3,431,918.04. The trade was a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Unum Group Trading Down 0.1%

UNM traded down $0.10 during trading on Friday, reaching $94.20. The company had a trading volume of 1,959,297 shares, compared to its average volume of 1,493,083. The stock has a market cap of $14.91 billion, a P/E ratio of 21.96, a PEG ratio of 0.98 and a beta of 0.27. The business has a 50 day simple moving average of $90.10 and a 200-day simple moving average of $83.69. Unum Group has a 52 week low of $69.02 and a 52 week high of $96.77. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, equities analysts anticipate that Unum Group will post 8.64 EPS for the current fiscal year.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, July 24th. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s payout ratio is currently 47.09%.

Unum Group announced that its board has authorized a share buyback program on Wednesday, August 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UNM shares. Barclays boosted their target price on Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. UBS Group set a $94.00 price target on Unum Group in a research note on Tuesday, July 7th. Morgan Stanley boosted their price objective on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, August 24th. Wells Fargo & Company upped their price objective on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods reduced their target price on Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new position in Unum Group during the 4th quarter valued at about $25,000. MBM Wealth Consultants LLC purchased a new stake in shares of Unum Group in the 1st quarter worth approximately $29,000. Triumph Capital Management bought a new position in shares of Unum Group during the third quarter valued at approximately $31,000. Ancora Advisors LLC boosted its stake in shares of Unum Group by 385.2% during the third quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 339 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new position in Unum Group during the fourth quarter valued at approximately $39,000. 86.57% of the stock is currently owned by institutional investors.

About Unum Group

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.