Unum Group CFO Richard P. Mckenney Sells 15,000 Shares (UNM)
Unum Group (NYSE:UNM) CFO Richard P. Mckenney sold 15,000 shares of the stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $34.97, for a total transaction of $524,550.00. Following the sale, the chief financial officer now directly owns 191,153 shares of the company’s stock, valued at approximately $6,684,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Unum Group (NYSE:UNM) traded up 2.18% on Tuesday, hitting $35.59. The stock had a trading volume of 1,089,017 shares. Unum Group has a one year low of $27.89 and a one year high of $36.30. The stock has a 50-day moving average of $33.89 and a 200-day moving average of $34.08. The company has a market cap of $9.161 billion and a price-to-earnings ratio of 10.49.
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 research firms have recently commented on UNM. Analysts at Compass Point initiated coverage on shares of Unum Group in a research note on Wednesday, June 11th. 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Unum Group has an average 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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