Unum Group CEO Sells $69,660 in Stock (UNM)
Unum Group (NYSE:UNM) CEO John F. Mcgarry sold 2,000 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $34.83, for a total transaction of $69,660.00. Following the transaction, the chief executive officer now directly owns 54,684 shares in the company, valued at approximately $1,904,644. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on UNM shares. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Unum Group in a research note on Tuesday. They now have a $40.00 price target on the stock, up previously from $34.00. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Unum Group currently has a consensus rating of “Hold” and a consensus target price of $36.50.
Shares of Unum Group (NYSE:UNM) traded up 1.66% during mid-day trading on Thursday, hitting $35.47. 712,604 shares of the company’s stock traded hands. Unum Group has a 52-week low of $29.14 and a 52-week high of $36.30. The stock has a 50-day moving average of $34.46 and a 200-day moving average of $34.19. The company has a market cap of $9.130 billion and a P/E ratio of 10.51.
Unum Group (NYSE:UNM) last posted its quarterly 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. 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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