Unum Group (NYSE:UNM) CAO Walter Lynn Rice, Jr. Sells 2,188 Shares of Stock

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

Unum Group Trading Down 0.1%

UNM opened at $94.20 on Friday. The company has a market cap of $14.91 billion, a P/E ratio of 21.96, a PEG ratio of 1.00 and a beta of 0.27. 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 company’s 50 day moving average is $90.13 and its 200-day moving average is $83.76. Unum Group has a 1-year low of $69.02 and a 1-year high of $96.77.

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

Unum Group declared that its Board of Directors has approved a share buyback plan on Wednesday, August 26th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are often a sign 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. Stockholders of record on Friday, July 24th were issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend 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 currently 47.09%.

Institutional Trading of Unum Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Prosperity Consulting Group LLC raised its holdings in Unum Group by 1.6% during the 1st quarter. Prosperity Consulting Group LLC now owns 8,157 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 128 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Unum Group by 1.9% in the 1st quarter. D.A. Davidson & CO. now owns 7,922 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 144 shares during the period. WPG Advisers LLC boosted its stake in shares of Unum Group by 12.5% in the 2nd quarter. WPG Advisers LLC now owns 1,301 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 145 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Unum Group by 5.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,781 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 149 shares during the last quarter. Finally, Larson Financial Group LLC boosted its stake in shares of Unum Group by 0.4% in the 4th quarter. Larson Financial Group LLC now owns 37,864 shares of the financial services provider’s stock valued at $2,934,000 after purchasing an additional 159 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UNM shares. Morgan Stanley boosted their price objective on Unum Group from $87.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Monday, August 24th. Wells Fargo & Company lifted their price target on Unum Group from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Atlantic Securities set a $88.00 price target on Unum Group in a report on Wednesday, July 15th. Wolfe Research lowered their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Finally, UBS Group set a $94.00 price objective on shares of Unum Group in a report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.42.

About Unum Group

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.