Insider Selling: Pamela H. Godwin Sells 3,000 Shares of Unum Group Stock (UNM)
Unum Group (NYSE:UNM) Director Pamela H. Godwin unloaded 3,000 shares of the company’s stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $35.53, for a total transaction of $106,590.00. Following the completion of the sale, the director now directly owns 52,567 shares of the company’s stock, valued at approximately $1,867,706. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Unum Group (NYSE:UNM) traded down 0.88% during mid-day trading on Thursday, hitting $34.89. The stock had a trading volume of 1,232,301 shares. Unum Group has a 1-year low of $27.72 and a 1-year high of $36.30. The stock’s 50-day moving average is $33.78 and its 200-day moving average is $34.05. The company has a market cap of $8.981 billion and a P/E ratio of 10.60.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, May 7th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that Unum Group will post $3.54 EPS for the current fiscal year.
A number of analysts have recently weighed in on UNM shares. Analysts at Compass Point initiated coverage on shares of Unum Group in a research note on Wednesday. They set a “neutral” rating and a $38.00 price target on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.00.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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