Insider Selling: Unum Group (NYSE:UNM) CAO Sells 7,033 Shares of Stock

Unum Group (NYSE:UNMGet Rating) CAO Cherie Pashley sold 7,033 shares of Unum Group stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $35.68, for a total transaction of $250,937.44. Following the sale, the chief accounting officer now owns 18,413 shares of the company’s stock, valued at $656,975.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Unum Group stock opened at $34.96 on Thursday. The stock has a market capitalization of $7.06 billion, a P/E ratio of 7.73, a P/E/G ratio of 0.70 and a beta of 1.44. The company’s fifty day moving average price is $31.20 and its 200 day moving average price is $27.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.28 and a current ratio of 0.28. Unum Group has a 1 year low of $22.25 and a 1 year high of $36.73.

Unum Group (NYSE:UNMGet Rating) last announced its earnings results on Thursday, May 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.57. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.02 billion. Unum Group had a net margin of 7.75% and a return on equity of 8.57%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.04 earnings per share. Sell-side analysts predict that Unum Group will post 4.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Friday, April 29th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.43%. The ex-dividend date is Thursday, April 28th. Unum Group’s payout ratio is 26.55%.

A number of large investors have recently bought and sold shares of UNM. Victory Capital Management Inc. lifted its position in shares of Unum Group by 86.0% in the third quarter. Victory Capital Management Inc. now owns 52,265 shares of the financial services provider’s stock valued at $1,310,000 after acquiring an additional 24,167 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of Unum Group by 31.1% in the third quarter. Advisor Group Holdings Inc. now owns 196,531 shares of the financial services provider’s stock valued at $4,926,000 after buying an additional 46,672 shares during the last quarter. Moors & Cabot Inc. purchased a new position in shares of Unum Group in the third quarter worth about $154,000. Russell Investments Group Ltd. boosted its position in Unum Group by 41.2% during the third quarter. Russell Investments Group Ltd. now owns 579,427 shares of the financial services provider’s stock worth $14,516,000 after acquiring an additional 169,105 shares during the last quarter. Finally, Swiss National Bank grew its stake in Unum Group by 0.5% during the 3rd quarter. Swiss National Bank now owns 451,200 shares of the financial services provider’s stock valued at $11,307,000 after acquiring an additional 2,100 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Several research analysts recently issued reports on the stock. Barclays raised their target price on shares of Unum Group from $31.00 to $35.00 in a report on Tuesday. StockNews.com initiated coverage on Unum Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wolfe Research started coverage on Unum Group in a report on Friday, January 21st. They set a “market perform” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Unum Group from $30.00 to $34.00 in a research report on Tuesday, April 5th. Finally, Jefferies Financial Group assumed coverage on shares of Unum Group in a research note on Tuesday, January 25th. They set a “hold” rating and a $27.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Unum Group currently has an average rating of “Hold” and a consensus target price of $30.38.

About Unum Group (Get Rating)

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.

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