Unum Group (NYSE:UNM) EVP Elizabeth Claire Ahmed Sells 10,000 Shares

Unum Group (NYSE:UNM - Get Free Report) EVP Elizabeth Claire Ahmed sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $80.00, for a total transaction of $800,000.00. Following the sale, the executive vice president now directly owns 51,170 shares of the company's stock, valued at approximately $4,093,600. This trade represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Unum Group Stock Up 0.2%

UNM stock opened at $80.39 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.28. The stock has a market capitalization of $14.02 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.14 and a beta of 0.38. Unum Group has a fifty-two week low of $48.38 and a fifty-two week high of $84.48. The business has a 50-day moving average of $78.40 and a 200-day moving average of $75.23.

Unum Group (NYSE:UNM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported $2.04 earnings per share for the quarter, missing the consensus estimate of $2.19 by ($0.15). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. The business had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $3.34 billion. During the same period in the prior year, the business earned $2.12 earnings per share. Unum Group's revenue was down 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Unum Group will post 9.14 earnings per share for the current fiscal year.

Unum Group declared that its board has approved a share buyback program on Tuesday, February 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 7.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be paid a $0.42 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.68 annualized dividend and a yield of 2.09%. Unum Group's payout ratio is currently 19.79%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UNM shares. Piper Sandler raised their price target on Unum Group from $87.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 2nd. UBS Group boosted their target price on Unum Group from $75.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. increased their price target on shares of Unum Group from $81.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Raymond James raised shares of Unum Group from a "market perform" rating to a "strong-buy" rating and set a $108.00 price objective on the stock in a research note on Wednesday, March 5th. Finally, Morgan Stanley upped their target price on shares of Unum Group from $80.00 to $84.00 and gave the company an "equal weight" rating in a research note on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Unum Group has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Hedge Funds Weigh In On Unum Group

A number of large investors have recently modified their holdings of UNM. Barrett & Company Inc. raised its holdings in Unum Group by 300.0% during the fourth quarter. Barrett & Company Inc. now owns 396 shares of the financial services provider's stock worth $29,000 after acquiring an additional 297 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Unum Group during the 1st quarter worth approximately $35,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Unum Group by 196.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 478 shares of the financial services provider's stock worth $39,000 after purchasing an additional 317 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Unum Group in the 4th quarter valued at approximately $38,000. Finally, Rossby Financial LCC bought a new position in shares of Unum Group in the first quarter valued at $46,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

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.

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