Insider Selling: Unum Group Director Sells 1,090 Shares of Stock (UNM)
Unum Group (NYSE:UNM) Director A S. Macmillan sold 1,090 shares of the stock on the open market in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $34.41, for a total value of $37,506.90. Following the completion of the transaction, the director now directly owns 17,715 shares of the company’s stock, valued at approximately $609,573. The sale was disclosed in a legal filing 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 Bank of America upgraded shares of Unum Group from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $42.00 price target on the stock, up previously from $39.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note on Friday, August 1st. They now have a $36.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Unum Group from $32.00 to $33.00 in a research note on Thursday, July 31st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Unum Group has an average rating of “Hold” and an average target price of $38.10.
Shares of Unum Group (NYSE:UNM) traded up 0.59% during mid-day trading on Friday, hitting $34.22. 1,333,709 shares of the company’s stock traded hands. Unum Group has a 1-year low of $29.14 and a 1-year high of $36.30. The stock has a 50-day moving average of $34.82 and a 200-day moving average of $34.22. The company has a market cap of $8.719 billion and a price-to-earnings ratio of 9.89.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, July 30th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that Unum Group will post $3.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Monday, July 28th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Thursday, July 24th. This is a boost from Unum Group’s previous quarterly dividend of $0.15.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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