Unum Group (NYSE:UNM) CAO Sells $206,350.28 in Stock

Unum Group (NYSE:UNM) CAO Lynn Jr sold 2,188 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $94.31, for a total transaction of $206,350.28. Following the sale, the chief accounting officer owned 8,154 shares of the company’s stock, valued at $769,003.74. This represents a 21.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Unum Group Trading Down 0.2%

UNM opened at $94.20 on Monday. The stock has a market capitalization of $14.91 billion, a PE ratio of 21.96, a P/E/G ratio of 1.00 and a beta of 0.27. Unum Group has a one year low of $69.02 and a one year high of $96.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34. The business’s 50 day moving average price is $90.13 and its 200 day moving average price is $83.85.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter last year, the firm earned $1.92 earnings per share. The firm’s quarterly 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. As a group, equities research analysts expect that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

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

Unum Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, August 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Unum Group

A number of institutional investors and hedge funds have recently bought and sold shares of UNM. SHP Wealth Management purchased a new position in shares of Unum Group in the fourth quarter valued at approximately $25,000. MBM Wealth Consultants LLC purchased a new stake in Unum Group during the 1st quarter worth approximately $29,000. Triumph Capital Management purchased a new stake in Unum Group during the 3rd quarter worth approximately $31,000. Ancora Advisors LLC lifted its holdings in Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after buying an additional 339 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new stake in Unum Group during the 4th quarter worth approximately $39,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on UNM shares. UBS Group set a $94.00 target price on shares of Unum Group in a research report on Tuesday, July 7th. Morgan Stanley lifted their price target on shares of Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a research report on Monday, August 24th. Evercore reissued an “outperform” rating and issued a $106.00 price target on shares of Unum Group in a research note on Tuesday, July 7th. Atlantic Securities set a $88.00 price objective on shares of Unum Group in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.42.

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.