Lisa Iglesias Sells 4,000 Shares of Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM) EVP Lisa Iglesias sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $94.44, for a total transaction of $377,760.00. Following the completion of the transaction, the executive vice president directly owned 25,453 shares in the company, valued at $2,403,781.32. This trade represents a 13.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Unum Group Stock Down 0.1%

Unum Group stock opened at $94.20 on Friday. The firm has a 50 day moving average price of $90.13 and a 200-day moving average price of $83.76. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. Unum Group has a twelve month low of $69.02 and a twelve month high of $96.77. The company has a market capitalization of $14.91 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.00 and a beta of 0.27.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting the consensus estimate of $2.16. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, equities analysts predict that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were paid a $0.505 dividend. The ex-dividend date was Friday, July 24th. This represents a $2.02 annualized dividend and a yield of 2.1%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio is currently 47.09%.

Unum Group declared that its board has authorized a stock repurchase program on Wednesday, August 26th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. UBS Group set a $94.00 price target on shares of Unum Group in a research note on Tuesday, July 7th. Morgan Stanley increased their price target on shares of Unum Group from $87.00 to $92.00 and gave the stock an “equal weight” rating in a report on Monday, August 24th. JPMorgan Chase & Co. lowered their price objective on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Evercore reaffirmed an “outperform” rating and set a $106.00 price objective on shares of Unum Group in a 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 stock. According to MarketBeat, Unum Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.42.

Hedge Funds Weigh In On Unum Group

Large investors have recently added to or reduced their stakes in the business. SHP Wealth Management purchased a new position in shares of Unum Group in the fourth quarter worth about $25,000. MBM Wealth Consultants LLC purchased a new stake in Unum Group during the 1st quarter valued at about $29,000. Triumph Capital Management bought a new position in Unum Group during the 3rd quarter worth approximately $31,000. Ancora Advisors LLC grew its position 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 acquiring an additional 339 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new position in Unum Group in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Unum Group Company Profile

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.