Insider Selling: Unum Group CEO Unloads 2,000 Shares of Stock (UNM)
Unum Group (NYSE:UNM) CEO John F. Mcgarry sold 2,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $33.20, for a total value of $66,400.00. Following the sale, the chief executive officer now directly owns 58,582 shares of the company’s stock, valued at approximately $1,944,922. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Unum Group (NYSE:UNM) traded down 0.42% on Monday, hitting $33.48. 1,050,183 shares of the company’s stock traded hands. Unum Group has a one year low of $26.85 and a one year high of $36.30. The stock’s 50-day moving average is $34.2 and its 200-day moving average is $33.75. The company has a market cap of $8.686 billion and a P/E ratio of 10.41.
Unum Group (NYSE:UNM) last posted its quarterly earnings results 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 $3.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 16th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, April 24th.
UNM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note on Monday, April 21st. They now have a $36.00 price target on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.83.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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