Unum Group Director Sells $200,254 in Stock (UNM)
Unum Group (NYSE:UNM) Director Ronald E. Goldsberry unloaded 5,702 shares of Unum Group stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $35.12, for a total value of $200,254.24. Following the completion of the transaction, the director now directly owns 16,494 shares in the company, valued at approximately $579,269. The sale was disclosed in a legal filing with the SEC, 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, August 4th. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $38.10.
Unum Group (NYSE:UNM) traded up 0.26% during mid-day trading on Wednesday, hitting $35.17. 865,482 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 $34.74 and a 200-day moving average of $34.35. The company has a market cap of $8.961 billion and a P/E ratio of 10.20.
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 $3.59 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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