Insider Selling: Unum Group (NYSE:UNM) EVP Sells $377,760.00 in Stock

Unum Group (NYSE:UNM) EVP Lisa Iglesias sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $94.44, for a total transaction of $377,760.00. Following the completion of the transaction, the executive vice president directly owned 25,453 shares of the company’s stock, valued at approximately $2,403,781.32. The trade was a 13.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Unum Group Stock Down 0.1%

Shares of UNM traded down $0.10 during midday trading on Friday, hitting $94.20. The stock had a trading volume of 1,959,297 shares, compared to its average volume of 1,493,083. The firm has a market cap of $14.91 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.27. The company has a 50 day simple moving average of $90.10 and a two-hundred day simple moving average of $83.69. Unum Group has a twelve month low of $69.02 and a twelve month high of $96.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.16. Unum Group had a return on equity of 12.60% and a net margin of 5.26%.The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company earned $1.92 earnings per share. Unum Group’s quarterly revenue was up .3% on a year-over-year basis. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. On average, analysts anticipate that Unum Group will post 8.64 EPS for the current year.

Unum Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 24th were issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group’s dividend payout ratio is 47.09%.

Unum Group announced that its board has initiated a share buyback plan on Wednesday, August 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GWN Securities Inc. bought a new position in Unum Group during the second quarter worth about $708,000. Qsemble Capital Management LP lifted its position in shares of Unum Group by 245.9% in the fourth quarter. Qsemble Capital Management LP now owns 106,742 shares of the financial services provider’s stock valued at $8,273,000 after buying an additional 75,885 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Unum Group during the 4th quarter worth approximately $2,567,000. Swedbank AB boosted its stake in shares of Unum Group by 148.3% during the 4th quarter. Swedbank AB now owns 467,505 shares of the financial services provider’s stock worth $36,232,000 after acquiring an additional 279,233 shares during the period. Finally, Norges Bank acquired a new position in shares of Unum Group during the 4th quarter worth approximately $1,108,919,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UNM. Barclays raised their target price on shares of Unum Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Evercore reissued an “outperform” rating and set a $106.00 price target on shares of Unum Group in a research report on Tuesday, July 7th. Wolfe Research decreased their price objective on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, July 6th. Atlantic Securities set a $88.00 target price on Unum Group in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. reduced their price target on Unum Group from $101.00 to $98.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $99.42.

Unum Group Company Profile

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.