Unum Group (NYSE:UNM) CAO Walter Lynn Rice, Jr. Sells 1,500 Shares

Unum Group (NYSE:UNM) CAO Walter Lynn Rice, Jr. sold 1,500 shares of Unum Group stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at $581,591.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Unum Group Stock Performance

Shares of Unum Group stock opened at $69.42 on Monday. Unum Group has a 12 month low of $41.86 and a 12 month high of $70.40. The stock’s fifty day moving average price is $60.26 and its 200-day moving average price is $55.23. The firm has a market cap of $12.68 billion, a P/E ratio of 7.51, a P/E/G ratio of 1.02 and a beta of 0.76. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Unum Group will post 8.52 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is 18.18%.

Unum Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on UNM shares. JPMorgan Chase & Co. dropped their price target on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Citigroup upped their target price on Unum Group from $62.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Truist Financial increased their price target on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America upped their price objective on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Piper Sandler reiterated an “overweight” rating and set a $66.00 target price (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Unum Group presently has an average rating of “Moderate Buy” and an average target price of $66.09.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its position in Unum Group by 361.5% during the second quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 394 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Unum Group in the 2nd quarter valued at about $26,000. 1620 Investment Advisors Inc. purchased a new position in shares of Unum Group in the 2nd quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new stake in Unum Group during the third quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Unum Group during the third quarter valued at approximately $37,000. 86.57% of the stock is owned by institutional investors.

About Unum Group

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.