Insider Selling: Unum Group (UNM) EVP Sells 5,000 Shares of Stock

Unum Group (NYSE:UNM) EVP Michael Q. Simonds sold 5,000 shares of Unum Group stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $52.09, for a total transaction of $260,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Unum Group (UNM) traded down $0.06 during mid-day trading on Wednesday, reaching $50.58. 2,809,773 shares of the company’s stock were exchanged, compared to its average volume of 1,670,000. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. Unum Group has a 1-year low of $43.55 and a 1-year high of $58.73. The company has a market cap of $11,350.00, a PE ratio of 11.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.51.

Unum Group (NYSE:UNM) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. analysts forecast that Unum Group will post 5.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, January 29th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a yield of 1.82%. Unum Group’s payout ratio is 21.00%.

Hedge funds have recently modified their holdings of the business. BB&T Investment Services Inc. bought a new stake in Unum Group during the 2nd quarter valued at $100,000. Cerebellum GP LLC bought a new stake in Unum Group during the 4th quarter valued at $125,000. Invictus RG bought a new stake in Unum Group during the 3rd quarter valued at $176,000. Lakeview Capital Partners LLC bought a new stake in Unum Group during the 4th quarter valued at $206,000. Finally, Atlas Brown Inc. bought a new stake in Unum Group during the 4th quarter valued at $213,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on UNM shares. Royal Bank of Canada reaffirmed a “hold” rating and issued a $51.00 price target on shares of Unum Group in a report on Tuesday, October 10th. Goldman Sachs Group started coverage on shares of Unum Group in a report on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price target on the stock. Wells Fargo & Co set a $48.00 price target on shares of Unum Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $62.00 price target on shares of Unum Group in a report on Friday, October 27th. Finally, B. Riley raised shares of Unum Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $43.00 to $52.00 in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $56.18.

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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.

Insider Buying and Selling by Quarter for Unum Group (NYSE:UNM)

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