Insider Selling: Unum Group (NYSE:UNM) EVP Sells $312,160.00 in Stock

Unum Group (NYSE:UNM) EVP Christopher Pyne sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $78.04, for a total transaction of $312,160.00. Following the completion of the sale, the executive vice president owned 51,372 shares of the company’s stock, valued at approximately $4,009,070.88. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Unum Group Stock Performance

Unum Group stock opened at $77.28 on Thursday. The firm has a fifty day simple moving average of $76.04 and a two-hundred day simple moving average of $76.88. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Unum Group has a twelve month low of $66.81 and a twelve month high of $84.48. The company has a market capitalization of $12.93 billion, a PE ratio of 9.24, a P/E/G ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period last year, the business posted $2.13 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Unum Group has set its FY 2025 guidance at EPS. Research analysts expect that Unum Group will post 9.14 EPS for the current year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be given a $0.46 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.84 annualized dividend and a yield of 2.4%. Unum Group’s payout ratio is presently 35.87%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UNM. Quintet Private Bank Europe S.A. bought a new stake in Unum Group during the second quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in shares of Unum Group during the second quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Unum Group during the first quarter valued at approximately $30,000. Atwood & Palmer Inc. boosted its position in shares of Unum Group by 100.0% in the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Unum Group in the 1st quarter worth approximately $35,000. 86.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on UNM shares. Wells Fargo & Company cut their target price on shares of Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Wolfe Research raised shares of Unum Group to a “strong-buy” rating in a report on Tuesday, September 16th. Morgan Stanley boosted their price objective on shares of Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. dropped their price objective on Unum Group from $94.00 to $92.00 and set a “neutral” rating for the company in a report on Tuesday, November 4th. Finally, Barclays lifted their price objective on Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

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.