Unum Group (NYSE:UNM) Director Gloria C. Larson Sells 10,000 Shares

Unum Group (NYSE:UNM) Director Gloria C. Larson sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $74.50, for a total value of $745,000.00. Following the transaction, the director now owns 121,491 shares in the company, valued at $9,051,079.50. This represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Unum Group Stock Up 0.5 %

NYSE:UNM opened at $75.83 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a 52-week low of $41.97 and a 52-week high of $76.31. The stock’s fifty day moving average price is $63.45 and its two-hundred day moving average price is $56.49. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 1.11 and a beta of 0.76.

Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Unum Group will post 8.53 EPS for the current year.

Unum Group announced that its board has approved a share buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 10% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Friday, October 25th. Unum Group’s dividend payout ratio is currently 18.18%.

Institutional Trading of Unum Group

A number of large investors have recently made changes to their positions in the company. Lake Street Advisors Group LLC bought a new position in Unum Group during the 1st quarter worth about $247,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Unum Group by 4.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 162,545 shares of the financial services provider’s stock worth $8,725,000 after buying an additional 6,674 shares during the last quarter. Shell Asset Management Co. boosted its stake in shares of Unum Group by 15.3% during the 1st quarter. Shell Asset Management Co. now owns 16,513 shares of the financial services provider’s stock worth $886,000 after buying an additional 2,197 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Unum Group during the 1st quarter worth about $1,130,000. Finally, Lazard Asset Management LLC lifted its stake in Unum Group by 20.5% in the 1st quarter. Lazard Asset Management LLC now owns 411,467 shares of the financial services provider’s stock valued at $22,078,000 after purchasing an additional 69,928 shares during the last quarter. Institutional investors own 86.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on UNM shares. Morgan Stanley boosted their price target on Unum Group from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. UBS Group raised Unum Group to a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price objective on Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Finally, Truist Financial lifted their price objective on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $67.73.

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.