Insider Selling: Unum Group (NYSE:UNM) EVP Sells 7,500 Shares of Stock

Unum Group (NYSE:UNM) EVP Steven Andrew Zabel sold 7,500 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total transaction of $572,850.00. Following the transaction, the executive vice president owned 113,807 shares in the company, valued at approximately $8,692,578.66. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Unum Group Stock Performance

Shares of UNM traded down $0.70 during trading hours on Friday, hitting $75.59. The company had a trading volume of 1,174,279 shares, compared to its average volume of 1,412,100. Unum Group has a 12 month low of $66.81 and a 12 month high of $84.48. The business has a fifty day moving average of $76.37 and a 200-day moving average of $76.80. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.23 and a beta of 0.37.

Unum Group (NYSE:UNM) last announced its earnings results 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). The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 EPS. Unum Group has set its FY 2025 guidance at EPS. Equities analysts anticipate that Unum Group will post 9.14 EPS for the current fiscal year.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 24th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, October 24th. Unum Group’s payout ratio is currently 35.87%.

Institutional Trading of Unum Group

Large investors have recently modified their holdings of the business. Quintet Private Bank Europe S.A. bought a new position in shares of Unum Group during the 2nd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in Unum Group during the 2nd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in Unum Group in the first quarter worth $30,000. Atwood & Palmer Inc. grew 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 buying an additional 200 shares during the period. Finally, Triumph Capital Management bought a new position in shares of Unum Group during the third quarter valued at approximately $31,000. Institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on UNM. Morgan Stanley increased their target price on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Wells Fargo & Company cut their target price on Unum Group from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Unum Group in a research note on Wednesday. UBS Group set a $87.00 target price on Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Evercore ISI lifted their price target on Unum Group from $96.00 to $99.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, 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.