Insider Selling: Unum Group (NYSE:UNM) Director Sells 8,000 Shares of Stock

Unum Group (NYSE:UNM) Director Timothy F. Keaney sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $52.61, for a total transaction of $420,880.00. Following the transaction, the director now directly owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The sale was disclosed in a document filed with the SEC, which is available through this link.

Unum Group Trading Up 0.3 %

Shares of UNM stock opened at $52.82 on Friday. The business’s 50 day moving average is $51.81 and its two-hundred day moving average is $47.78. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. Unum Group has a 12 month low of $41.75 and a 12 month high of $54.57. The company has a market cap of $10.00 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.28 and a beta of 0.87.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the company earned $1.87 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Unum Group will post 8.19 EPS for the current year.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, April 26th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, April 25th. Unum Group’s payout ratio is presently 21.69%.

Hedge Funds Weigh In On Unum Group

Several large investors have recently made changes to their positions in UNM. Silver Oak Securities Incorporated acquired a new stake in shares of Unum Group during the 3rd quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new stake in Unum Group during the 4th quarter worth approximately $25,000. Salomon & Ludwin LLC bought a new position in Unum Group in the first quarter valued at approximately $28,000. MCF Advisors LLC bought a new stake in Unum Group in the 1st quarter valued at $35,000. Finally, Neo Ivy Capital Management bought a new position in Unum Group during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 86.57% of the company’s stock.

Wall Street Analysts Forecast Growth

UNM has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group increased their price target on shares of Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Morgan Stanley boosted their target price on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Finally, Wells Fargo & Company upped their price objective on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.38.

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.