Lisa G. Iglesias Sells 5,000 Shares of Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM) EVP Lisa G. Iglesias sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $72.61, for a total value of $363,050.00. Following the transaction, the executive vice president now directly owns 35,840 shares in the company, valued at $2,602,342.40. This trade represents a 12.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Unum Group Trading Up 0.5 %

NYSE UNM opened at $75.84 on Friday. Unum Group has a one year low of $41.97 and a one year high of $76.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap 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 stock’s 50-day moving average is $63.86 and its 200-day moving average is $56.66.

Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.94 EPS. Sell-side analysts anticipate that Unum Group will post 8.53 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

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

Unum Group announced that its board has initiated a stock buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 10% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UNM shares. JPMorgan Chase & Co. cut their target price on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Piper Sandler restated an “overweight” rating and issued a $66.00 price objective (up from $64.00) on shares of Unum Group in a report on Friday, September 27th. UBS Group raised shares of Unum Group to a “hold” rating in a report on Wednesday, October 9th. Truist Financial increased their price target on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $67.00 to $84.00 in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.73.

Institutional Trading of Unum Group

A number of institutional investors have recently modified their holdings of UNM. Coldstream Capital Management Inc. grew its holdings in shares of Unum Group by 10.6% during the third quarter. Coldstream Capital Management Inc. now owns 12,778 shares of the financial services provider’s stock worth $775,000 after buying an additional 1,221 shares in the last quarter. Vestcor Inc grew its stake in shares of Unum Group by 156.2% during the 3rd quarter. Vestcor Inc now owns 88,728 shares of the financial services provider’s stock worth $5,274,000 after acquiring an additional 54,095 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Unum Group by 35.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 18,935 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 4,931 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Unum Group by 5.2% in the third quarter. MML Investors Services LLC now owns 17,288 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 859 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in Unum Group by 94.5% during the third quarter. Orion Portfolio Solutions LLC now owns 9,109 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 4,425 shares during the last quarter. 86.57% of the stock is currently 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.