Insider Selling: Unum Group (NYSE:UNM) CAO Sells $206,350.28 in Stock

Unum Group (NYSE:UNMGet Free Report) CAO Walter Lynn Rice, Jr. sold 2,188 shares of Unum Group stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $94.31, for a total value of $206,350.28. Following the completion of the transaction, the chief accounting officer owned 8,154 shares of the company’s stock, valued at $769,003.74. This trade represents a 21.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Unum Group Stock Down 0.1%

Unum Group stock traded down $0.10 during midday trading on Friday, hitting $94.20. The stock had a trading volume of 1,959,297 shares, compared to its average volume of 1,493,083. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a market cap of $14.91 billion, a P/E ratio of 21.96, a P/E/G ratio of 0.98 and a beta of 0.27. Unum Group has a 12 month low of $69.02 and a 12 month high of $96.77. The business has a fifty day moving average price of $90.10 and a 200 day moving average price of $83.69.

Unum Group (NYSE:UNMGet Free Report) last released its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 EPS for the quarter, hitting analysts’ consensus estimates of $2.16. The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $2.90 billion. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.Unum Group’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Research analysts predict that Unum Group will post 8.64 EPS for the current year.

Unum Group declared that its board has approved a share repurchase program on Wednesday, August 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 24th were paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 2.1%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group’s dividend payout ratio (DPR) is 47.09%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on UNM shares. JPMorgan Chase & Co. decreased their price target on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Wells Fargo & Company upped their target price on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Barclays increased their price target on Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods cut their price target on Unum Group from $110.00 to $108.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Unum Group currently has an average rating of “Moderate Buy” and an average target price of $99.42.

Read Our Latest Analysis on UNM

Institutional Trading of Unum Group

Several hedge funds have recently bought and sold shares of the company. Tidal Investments LLC boosted its stake in Unum Group by 87.0% during the 2nd quarter. Tidal Investments LLC now owns 14,062 shares of the financial services provider’s stock valued at $1,257,000 after purchasing an additional 6,544 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Unum Group by 11.1% in the second quarter. Integrated Wealth Concepts LLC now owns 11,810 shares of the financial services provider’s stock valued at $1,056,000 after purchasing an additional 1,181 shares during the period. RFG Advisory LLC bought a new stake in shares of Unum Group during the second quarter valued at approximately $203,000. NewEdge Advisors LLC raised its holdings in shares of Unum Group by 10.4% during the second quarter. NewEdge Advisors LLC now owns 6,230 shares of the financial services provider’s stock valued at $557,000 after buying an additional 585 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Unum Group by 107.4% during the second quarter. Baird Financial Group Inc. now owns 15,016 shares of the financial services provider’s stock worth $1,342,000 after buying an additional 7,775 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Unum Group Company Profile

(Get Free Report)

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.

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Insider Buying and Selling by Quarter for Unum Group (NYSE:UNM)

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