Unum Group CEO Sells $64,160 in Stock (UNM)
Unum Group (NYSE:UNM) CEO John F. Mcgarry sold 2,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $32.08, for a total value of $64,160.00. Following the transaction, the chief executive officer now directly owns 57,269 shares in the company, valued at approximately $1,837,190. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Unum Group from $39.00 to $40.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note to investors on Monday, January 6th. They now have a $36.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Unum Group in a research note to investors on Friday, November 15th. They now have a $36.00 price target on the stock, up previously from $34.00. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Unum Group currently has an average rating of “Hold” and an average price target of $33.46.
Unum Group (NYSE:UNM) traded up 1.69% during mid-day trading on Wednesday, hitting $31.83. The stock had a trading volume of 2,824,026 shares. Unum Group has a 52 week low of $23.48 and a 52 week high of $35.40. The stock has a 50-day moving average of $33.82 and a 200-day moving average of $32.11. The company has a market cap of $8.313 billion and a P/E ratio of 9.68.
Unum Group (NYSE:UNM) last released its earnings data on Tuesday, February 4th. The company reported $0.84 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.84. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. Analysts expect that Unum Group will post $3.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Investors of record on Friday, January 31st will be given a dividend of 0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, January 29th.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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