Unum Group (NYSE:UNM) EVP Lisa Iglesias Sells 4,000 Shares

Unum Group (NYSE:UNM) EVP Lisa Iglesias sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $94.44, for a total value of $377,760.00. Following the sale, the executive vice president owned 25,453 shares of the company’s stock, valued at approximately $2,403,781.32. This represents a 13.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Unum Group Stock Performance

NYSE:UNM opened at $94.20 on Friday. Unum Group has a twelve month low of $69.02 and a twelve month high of $96.77. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock’s 50-day simple moving average is $90.13 and its 200 day simple moving average is $83.76. The firm has a market capitalization of $14.91 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.00 and a beta of 0.27.

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

Unum Group Increases Dividend

The business also recently disclosed 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 represents a $2.02 dividend on an annualized basis and a yield of 2.1%. This is a positive change from Unum Group’s previous quarterly dividend of $0.46. Unum Group’s dividend payout ratio is currently 47.09%.

Unum Group declared that its board has initiated a share buyback program on Wednesday, August 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Unum Group

A number of institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in Unum Group in the 4th quarter valued at approximately $247,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Unum Group by 157.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,851 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,132 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Unum Group by 26.6% during the second quarter. Baird Financial Group Inc. now owns 7,939 shares of the financial services provider’s stock worth $641,000 after purchasing an additional 1,666 shares during the period. Brown Advisory Inc. grew its stake in shares of Unum Group by 13.2% in the second quarter. Brown Advisory Inc. now owns 6,445 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 753 shares during the last quarter. Finally, Cresset Asset Management LLC grew its stake in shares of Unum Group by 6.1% in the second quarter. Cresset Asset Management LLC now owns 6,715 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 386 shares during the last quarter. 86.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Unum Group from $101.00 to $98.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Wells Fargo & Company upped their price target on shares of Unum Group from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods dropped their price target on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. Jefferies Financial Group raised their price objective on Unum Group from $117.00 to $123.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded Unum Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.