Unum Group (NYSE:UNM - Get Free Report) EVP Lisa G. Iglesias sold 7,000 shares of Unum Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $82.75, for a total transaction of $579,250.00. Following the completion of the transaction, the executive vice president now directly owns 31,284 shares in the company, valued at $2,588,751. The trade was a 18.28 % 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 Price Performance
Shares of NYSE UNM opened at $77.95 on Wednesday. The firm has a market capitalization of $14.23 billion, a P/E ratio of 8.23, a PEG ratio of 1.14 and a beta of 0.80. Unum Group has a one year low of $48.38 and a one year high of $83.96. The company's fifty day moving average is $75.10 and its two-hundred day moving average is $68.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.28 and a current ratio of 0.29.
Unum Group (NYSE:UNM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The financial services provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Unum Group had a return on equity of 14.91% and a net margin of 13.81%. Analysts forecast that Unum Group will post 9.14 EPS for the current fiscal year.
Unum Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 24th were given a dividend of $0.42 per share. The ex-dividend date was Friday, January 24th. This represents a $1.68 annualized dividend and a dividend yield of 2.16%. Unum Group's payout ratio is currently 17.74%.
Unum Group declared that its board has initiated a stock repurchase program on Tuesday, February 18th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 7.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on UNM shares. BMO Capital Markets lifted their target price on shares of Unum Group from $95.00 to $102.00 and gave the company an "outperform" rating in a report on Monday. Evercore ISI raised shares of Unum Group from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Wells Fargo & Company lifted their target price on shares of Unum Group from $81.00 to $91.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Jefferies Financial Group lifted their target price on shares of Unum Group from $91.00 to $96.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, StockNews.com lowered shares of Unum Group from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.83.
View Our Latest Stock Report on UNM
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of Unum Group by 2.2% during the 4th quarter. Bessemer Group Inc. now owns 6,536 shares of the financial services provider's stock worth $478,000 after buying an additional 143 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Unum Group by 0.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 18,211 shares of the financial services provider's stock worth $1,330,000 after buying an additional 147 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Unum Group by 26.4% during the 4th quarter. Versant Capital Management Inc now owns 766 shares of the financial services provider's stock worth $56,000 after buying an additional 160 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Unum Group by 28.8% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 800 shares of the financial services provider's stock worth $58,000 after buying an additional 179 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Unum Group by 3.4% during the 3rd quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider's stock worth $330,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company's stock.
Unum Group Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
