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

Unum Group (NYSE:UNM) EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total transaction of $769,200.00. Following the transaction, the executive vice president now owns 54,827 shares in the company, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Unum Group Trading Down 0.4 %

NYSE:UNM opened at $76.04 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The business’s 50-day simple moving average is $66.61 and its 200-day simple moving average is $57.88. Unum Group has a fifty-two week low of $42.09 and a fifty-two week high of $77.63. The stock has a market capitalization of $13.89 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.79.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. Unum Group had a net margin of 13.76% and a return on equity of 15.21%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts expect that Unum Group will post 8.53 earnings per share for the current fiscal year.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Ratings Changes

A number of research firms recently weighed in on UNM. Wells Fargo & Company boosted their price target 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 upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and upped their target price for the company from $67.00 to $84.00 in a research report on Thursday, November 14th. JPMorgan Chase & Co. reduced their price target on Unum Group from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Barclays lifted their price objective on Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reissued an “overweight” rating and issued a $66.00 target price (up previously from $64.00) on shares of Unum Group in a research note on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.73.

Institutional Trading of Unum Group

A number of institutional investors have recently modified their holdings of UNM. Wedge Capital Management L L P NC raised its position in Unum Group by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 872,808 shares of the financial services provider’s stock valued at $44,609,000 after buying an additional 64,661 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Unum Group in the first quarter valued at approximately $703,000. Van ECK Associates Corp acquired a new stake in shares of Unum Group in the second quarter valued at approximately $3,945,000. My Legacy Advisors LLC bought a new stake in shares of Unum Group in the second quarter worth $473,000. Finally, CoreCap Advisors LLC acquired a new position in Unum Group during the second quarter worth $2,007,000. 86.57% of the stock is currently owned by institutional investors.

Unum Group Company Profile

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.