Insider Selling: Unum Group CEO Sells 15,000 Shares of Stock (UNM)
Unum Group (NYSE:UNM) CEO Randall C. Horn unloaded 15,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $34.47, for a total value of $517,050.00. Following the transaction, the chief executive officer now directly owns 125,167 shares in the company, valued at approximately $4,314,506. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note on Friday, May 9th. They now have a $36.00 price target on the stock. Separately, analysts at Macquarie raised their price target on shares of Unum Group from $35.00 to $36.00 in a research note on Friday, May 9th. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Unum Group in a research note on Thursday, May 8th. They set a “market perform” rating and a $38.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Unum Group presently has a consensus rating of “Hold” and an average target price of $34.73.
Unum Group (NYSE:UNM) traded down 0.26% on Thursday, hitting $35.06. The stock had a trading volume of 1,265,617 shares. Unum Group has a 1-year low of $27.72 and a 1-year high of $36.30. The stock has a 50-day moving average of $33.5 and a 200-day moving average of $33.99. The company has a market cap of $9.025 billion and a price-to-earnings ratio of 10.59.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, May 7th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.85 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Unum Group will post $3.54 earnings per share for the current fiscal year.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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