Insider Selling: Unum Group (UNM) EVP Sells 7,849 Shares of Stock
Unum Group (NYSE:UNM) EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.24, for a total value of $417,880.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Unum Group (NYSE:UNM) traded down $0.01 during trading on Tuesday, hitting $53.87. The company’s stock had a trading volume of 739,530 shares, compared to its average volume of 1,175,411. The company has a market cap of $12,000.00, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 1.80 and a beta of 1.65. Unum Group has a twelve month low of $42.00 and a twelve month high of $54.22. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. Unum Group’s revenue was up 2.0% compared to the same quarter last year. research analysts expect that Unum Group will post 4.24 earnings per share for the current fiscal year.
UNM has been the subject of several research analyst reports. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a report on Monday, September 4th. Morgan Stanley increased their price objective on Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $58.00 price objective on shares of Unum Group in a report on Wednesday, September 27th. Goldman Sachs Group, Inc. (The) initiated coverage on Unum Group in a report on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price objective on shares of Unum Group in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $51.38.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Financial Group Inc. grew its holdings in shares of Unum Group by 1.2% in the third quarter. Cambridge Financial Group Inc. now owns 122,273 shares of the financial services provider’s stock worth $6,252,000 after acquiring an additional 1,475 shares during the period. Delphi Management Inc. MA bought a new stake in shares of Unum Group in the third quarter worth $2,484,000. IFM Investors Pty Ltd purchased a new position in Unum Group during the third quarter valued at $412,000. California Public Employees Retirement System lifted its position in Unum Group by 3.7% during the third quarter. California Public Employees Retirement System now owns 785,277 shares of the financial services provider’s stock valued at $40,151,000 after purchasing an additional 27,791 shares in the last quarter. Finally, Kalos Management Inc. lifted its position in Unum Group by 2.6% during the third quarter. Kalos Management Inc. now owns 57,756 shares of the financial services provider’s stock valued at $2,953,000 after purchasing an additional 1,486 shares in the last quarter. 92.45% of the stock is owned by institutional investors.
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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