Unum Group (NYSE:UNM) EVP Timothy Gerald Arnold Sells 10,000 Shares of Stock

Unum Group (NYSE:UNM) EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the executive vice president now owns 54,827 shares of the company’s stock, valued at $4,217,292.84. The trade was a 15.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Unum Group Trading Down 0.7 %

Unum Group stock opened at $76.35 on Tuesday. Unum Group has a 52 week low of $42.09 and a 52 week high of $77.63. The stock has a 50-day moving average price of $66.23 and a 200 day moving average price of $57.72. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $13.94 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.10 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, beating the consensus estimate of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The business had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that Unum Group will post 8.53 EPS for the current year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.68 annualized dividend and a dividend yield of 2.20%. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UNM shares. Wells Fargo & Company boosted 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. Bank of America upped their target price on Unum Group from $54.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Piper Sandler reissued an “overweight” rating and issued a $66.00 price target (up from $64.00) on shares of Unum Group in a research report on Friday, September 27th. Truist Financial increased their price target on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley raised their price objective on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.73.

Institutional Trading of Unum Group

A number of hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC lifted its holdings 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 acquiring an additional 571,436 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Unum Group by 62.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,119,870 shares of the financial services provider’s stock valued at $57,237,000 after purchasing an additional 432,240 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in 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 buying an additional 307,175 shares in the last quarter. Franklin Resources Inc. grew its position in Unum Group by 50.0% during the third quarter. Franklin Resources Inc. now owns 469,342 shares of the financial services provider’s stock valued at $29,554,000 after buying an additional 156,380 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in Unum Group in the second quarter valued at $6,640,000. Hedge funds and other 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.