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

Key Points

• Director Timothy Keaney sold 4,300 Unum Group shares at an average price of $94.02, generating $404,286 and reducing his position by 10.54% to 36,502 shares.
• Unum Group authorized a $1 billion share-repurchase program, covering up to 7% of outstanding shares, and increased its quarterly dividend to $0.505 per share, or $2.02 annualized.
• The stock traded near its 52-week high at $94.20, while analysts maintained a “Moderate Buy” consensus with an average price target of $99.42. The company met quarterly EPS expectations at $2.16 and reported $3.39 billion in revenue.

Unum Group (NYSE:UNM - Get Free Report) Director Timothy Keaney sold 4,300 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $94.02, for a total value of $404,286.00. Following the completion of the sale, the director owned 36,502 shares of the company's stock, valued at $3,431,918.04. The trade was a 10.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Unum Group Price Performance

Shares of Unum Group stock traded down $0.10 during trading hours on Friday, hitting $94.20. The company's stock had a trading volume of 1,959,297 shares, compared to its average volume of 1,493,083. The business has a 50 day moving average price of $90.10 and a two-hundred day moving average price of $83.69. Unum Group has a 12-month low of $69.02 and a 12-month high of $96.77. The company has a market cap of $14.91 billion, a PE ratio of 21.96, a PEG ratio of 0.98 and a beta of 0.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 0.34.

Unum Group (NYSE:UNM - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting analysts' consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The business'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. Analysts expect that Unum Group will post 8.64 earnings per share for the current fiscal year.

Unum Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, August 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Unum Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were paid a $0.505 dividend. 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 dividend payout ratio is currently 47.09%.

Institutional Investors Weigh In On Unum Group

Several large investors have recently bought and sold shares of UNM. SHP Wealth Management bought a new position in Unum Group during the fourth quarter valued at $25,000. MBM Wealth Consultants LLC bought a new stake in shares of Unum Group in the 1st quarter worth about $29,000. Triumph Capital Management purchased a new stake in shares of Unum Group during the 3rd quarter valued at about $31,000. Ancora Advisors LLC raised its position in shares of Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider's stock valued at $33,000 after buying an additional 339 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of Unum Group in the 4th quarter valued at about $39,000. Institutional investors own 86.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings raised shares of Unum Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Wells Fargo & Company lifted their price target on shares of Unum Group from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. Jefferies Financial Group boosted their price target on shares of Unum Group from $117.00 to $123.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Evercore reissued an "outperform" rating and set a $106.00 price objective on shares of Unum Group in a report on Tuesday, July 7th. Finally, UBS Group set a $94.00 price objective on Unum Group in a research report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Unum Group has a consensus rating of "Moderate Buy" and a consensus target price 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.

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