Unum Group (NYSE:UNM) Director Timothy Keaney Sells 4,300 Shares

Unum Group (NYSE:UNM) Director Timothy Keaney sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $94.02, for a total value of $404,286.00. Following the completion of the transaction, the director directly owned 36,502 shares of the company’s stock, valued at approximately $3,431,918.04. This represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Unum Group Stock Performance

Shares of UNM opened at $94.20 on Friday. The stock has a 50 day moving average of $90.13 and a 200 day moving average of $83.76. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.00 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 company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share for the quarter, hitting the consensus estimate of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The business’s revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. As a group, sell-side analysts forecast that Unum Group will post 8.64 earnings per share for the current year.

Unum Group declared that its board has authorized a stock buyback plan on Wednesday, August 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Unum Group Increases Dividend

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

Hedge Funds Weigh In On Unum Group

Several large investors have recently modified their holdings of UNM. Brighton Jones LLC bought a new position in Unum Group in the 4th quarter worth approximately $247,000. EverSource Wealth Advisors LLC raised its holdings in Unum Group by 157.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,132 shares during the period. Baird Financial Group Inc. raised its holdings in Unum Group by 26.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock valued at $641,000 after acquiring an additional 1,666 shares during the period. Brown Advisory Inc. lifted its position in shares of Unum Group by 13.2% during the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 753 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its position in shares of Unum Group by 6.1% during the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UNM. Weiss Ratings upgraded shares of Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Barclays raised their price target on shares of Unum Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Wolfe Research lowered their price target on shares of Unum Group from $102.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Wells Fargo & Company upped their price objective on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, UBS Group set a $94.00 price objective on Unum Group in a report on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Unum Group currently has an average rating of “Moderate Buy” and a consensus target price of $99.42.

Unum Group Company Profile

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.