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 firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $74.50, for a total transaction of $745,000.00. Following the completion of the sale, the director now owns 121,491 shares of the company’s stock, valued at $9,051,079.50. This trade represents a 7.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Unum Group Stock Performance

Shares of Unum Group stock opened at $75.83 on Friday. The firm has a market capitalization of $13.85 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.11 and a beta of 0.76. The company’s 50 day moving average price is $63.45 and its two-hundred day moving average price is $56.49. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a fifty-two week low of $41.97 and a fifty-two week high of $76.31.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. Unum Group’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share. On average, equities analysts forecast that Unum Group will post 8.53 earnings per share for the current fiscal year.

Unum Group announced that its board has authorized a stock repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 10% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.22%. The ex-dividend date was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is currently 18.18%.

Wall Street Analyst Weigh In

UNM has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Piper Sandler reaffirmed an “overweight” rating and set a $66.00 target price (up from $64.00) on shares of Unum Group in a report on Friday, September 27th. Truist Financial raised their target price on shares of Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley raised their target price on shares of Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, UBS Group raised shares of Unum Group to a “hold” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and a consensus target price of $67.73.

Institutional Investors Weigh In On Unum Group

Several hedge funds and other institutional investors have recently bought and sold shares of UNM. ProShare Advisors LLC increased its stake in Unum Group by 89.8% in the second quarter. ProShare Advisors LLC now owns 1,207,756 shares of the financial services provider’s stock valued at $61,728,000 after purchasing an additional 571,436 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Unum Group by 62.9% during the second quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock worth $57,237,000 after acquiring an additional 432,240 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Unum Group by 151.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 509,702 shares of the financial services provider’s stock worth $30,297,000 after acquiring an additional 307,175 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Unum Group during the second quarter worth about $6,640,000. Finally, Hsbc Holdings PLC increased its position in shares of Unum Group by 106.4% during the second quarter. Hsbc Holdings PLC now owns 233,881 shares of the financial services provider’s stock worth $11,915,000 after acquiring an additional 120,559 shares in the last quarter. 86.57% of the stock is owned by institutional investors.

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.