Hanley Ronald P. O Sells 14,299 Shares of Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM) Director Hanley Ronald P. O sold 14,299 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $72.10, for a total transaction of $1,030,957.90. Following the transaction, the director now owns 38,819 shares of the company’s stock, valued at $2,798,849.90. This trade represents a 26.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Unum Group Stock Performance

Shares of NYSE:UNM opened at $73.19 on Friday. The firm’s 50 day simple moving average is $61.92 and its 200-day simple moving average is $55.92. 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 one year low of $41.86 and a one year high of $73.24. The firm has a market cap of $13.37 billion, a PE ratio of 7.92, a price-to-earnings-growth ratio of 1.04 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, topping the consensus estimate of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the business posted $1.94 EPS. Unum Group’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Unum Group will post 8.53 EPS for the current year.

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

Unum Group Dividend Announcement

The firm also recently disclosed 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 2.30%. The ex-dividend date was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Upgrades and Downgrades

UNM has been the subject of a number of analyst reports. 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 report on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of Unum Group from $69.00 to $71.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Evercore ISI raised shares of Unum Group from an “in-line” rating to an “outperform” rating and increased their target price for the company from $67.00 to $84.00 in a research note on Thursday. Finally, Barclays lifted their price target on shares of Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $67.73.

Institutional Investors Weigh In On Unum Group

Large investors have recently modified their holdings of the business. Vestcor Inc boosted its stake in shares of Unum Group by 156.2% during the third quarter. Vestcor Inc now owns 88,728 shares of the financial services provider’s stock valued at $5,274,000 after purchasing an additional 54,095 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its position in Unum Group by 35.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 18,935 shares of the financial services provider’s stock valued at $1,125,000 after acquiring an additional 4,931 shares in the last quarter. MML Investors Services LLC boosted its position in Unum Group by 5.2% during the 3rd quarter. MML Investors Services LLC now owns 17,288 shares of the financial services provider’s stock valued at $1,028,000 after acquiring an additional 859 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Unum Group by 94.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 9,109 shares of the financial services provider’s stock valued at $541,000 after acquiring an additional 4,425 shares during the period. Finally, National Bank of Canada FI raised its position in shares of Unum Group by 14.2% in the 3rd quarter. National Bank of Canada FI now owns 133,928 shares of the financial services provider’s stock worth $7,961,000 after acquiring an additional 16,702 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

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.