Unum Group CEO Thomas R. Watjen Sells 60,000 Shares (UNM)
Unum Group (NYSE:UNM) CEO Thomas R. Watjen sold 60,000 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $34.35, for a total transaction of $2,061,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,425 shares of the company’s stock, valued at approximately $18,013,999. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Unum Group (NYSE:UNM) traded up 0.59% during mid-day trading on Friday, hitting $34.22. The stock had a trading volume of 1,333,709 shares. Unum Group has a 1-year low of $29.14 and a 1-year high of $36.30. The stock’s 50-day moving average is $34.82 and its 200-day moving average is $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 for the quarter, beating the analysts’ 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 last year, the company posted $0.82 earnings per share. Unum Group’s revenue was up 1.3% compared to the same quarter last year. 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. Shareholders 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 positive change from Unum Group’s previous quarterly dividend of $0.15.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $38.10.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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