Michael Q. Simonds Sells 5,000 Shares of Unum Group (UNM) Stock
Unum Group (NYSE:UNM) EVP Michael Q. Simonds sold 5,000 shares of Unum Group stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $46.61, for a total value of $233,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Unum Group (NYSE:UNM) traded down 0.79% during midday trading on Tuesday, hitting $46.39. The stock had a trading volume of 1,218,869 shares. The firm has a 50 day moving average price of $46.30 and a 200 day moving average price of $44.39. The stock has a market cap of $10.59 billion, a PE ratio of 11.39 and a beta of 1.54. Unum Group has a one year low of $29.79 and a one year high of $50.27.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.02. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a return on equity of 10.18% and a net margin of 8.43%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. On average, equities analysts forecast that Unum Group will post $4.10 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, April 28th will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 26th. This represents a $0.80 dividend on an annualized basis and a yield of 1.72%. Unum Group’s dividend payout ratio is presently 20.20%.
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Several analysts recently weighed in on the company. Royal Bank of Canada restated a “hold” rating and issued a $50.00 price objective on shares of Unum Group in a report on Friday, April 28th. Deutsche Bank AG lifted their price objective on Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Citigroup Inc downgraded Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a report on Monday, March 13th. Barclays PLC restated a “buy” rating and issued a $56.00 price objective on shares of Unum Group in a report on Sunday, February 19th. Finally, FBR & Co restated a “sell” rating on shares of Unum Group in a report on Thursday, February 2nd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Unum Group presently has a consensus rating of “Hold” and a consensus price target of $43.55.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc increased its position in Unum Group by 3.4% in the third quarter. Commonwealth Equity Services Inc now owns 22,757 shares of the financial services provider’s stock worth $804,000 after buying an additional 757 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Unum Group by 1.8% in the third quarter. Great West Life Assurance Co. Can now owns 211,277 shares of the financial services provider’s stock worth $7,452,000 after buying an additional 3,733 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Unum Group by 2.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,637 shares of the financial services provider’s stock worth $1,294,000 after buying an additional 966 shares in the last quarter. Northpointe Capital LLC purchased a new position in Unum Group during the third quarter worth about $2,624,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Unum Group by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 697,376 shares of the financial services provider’s stock worth $24,624,000 after buying an additional 6,901 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.
About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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