Unum Group CEO Sells $1,935,000 in Stock (UNM)
Unum Group (NYSE:UNM) CEO Thomas R. Watjen sold 60,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $32.25, for a total transaction of $1,935,000.00. Following the transaction, the chief executive officer now directly owns 634,244 shares of the company’s stock, valued at approximately $20,454,369. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on UNM shares. Analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note to investors on Thursday. They now have a $33.00 price target on the stock. Separately, 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Unum Group presently has an average rating of “Hold” and a consensus target price of $33.23.
Unum Group (NYSE:UNM) traded down 0.21% on Monday, hitting $32.90. The stock had a trading volume of 2,164,406 shares. Unum Group has a 52 week low of $23.58 and a 52 week high of $35.40. The stock’s 50-day moving average is $33.67 and its 200-day moving average is $32.13. The company has a market cap of $8.554 billion and a price-to-earnings ratio of 10.21.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts predict that Unum Group will post $3.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Shareholders 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 1.76%. 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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