Key Points
- EVP Steven Andrew Zabel sold 7,500 shares on Nov. 19 at an average price of $76.38 for $572,850, reducing his stake by 6.18% to 113,807 shares (valued about $8.69M).
- Unum missed Q3 estimates with EPS of $2.09 vs. $2.15 and revenue of $3.25B vs. $3.31B (revenue up 5% YoY), and the stock traded down 0.9% to $75.59 following the report.
- The company pays a $0.46 quarterly dividend ($1.84 annualized, 2.4% yield, 35.9% payout ratio) while analysts hold a consensus "Moderate Buy" with a $94.67 price target and the stock trades at a P/E of 9.04.
Unum Group (NYSE:UNM - Get Free Report) EVP Steven Andrew Zabel sold 7,500 shares of the firm's stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $76.38, for a total transaction of $572,850.00. Following the transaction, the executive vice president owned 113,807 shares in the company, valued at $8,692,578.66. This represents a 6.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Unum Group Stock Down 0.9%
NYSE:UNM traded down $0.70 during trading hours on Friday, reaching $75.59. The company's stock had a trading volume of 1,174,279 shares, compared to its average volume of 1,412,100. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.23 and a beta of 0.37. Unum Group has a one year low of $66.81 and a one year high of $84.48. The business's 50-day moving average is $76.38 and its 200-day moving average is $76.78.
Unum Group (NYSE:UNM - Get Free Report) last posted its earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.06). The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. Unum Group's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $2.13 earnings per share. Unum Group has set its FY 2025 guidance at EPS. Equities research analysts predict that Unum Group will post 9.14 EPS for the current year.
Unum Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 24th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, October 24th. Unum Group's payout ratio is 35.87%.
Analyst Upgrades and Downgrades
UNM has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Unum Group from $100.00 to $98.00 and set an "overweight" rating for the company in a research report on Wednesday, October 8th. Wolfe Research raised shares of Unum Group to a "strong-buy" rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. lowered their target price on shares of Unum Group from $94.00 to $92.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 4th. UBS Group set a $87.00 target price on shares of Unum Group and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Unum Group in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Unum Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.67.
Get Our Latest Report on UNM
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Quintet Private Bank Europe S.A. acquired a new stake in Unum Group during the second quarter worth about $28,000. Legacy Investment Solutions LLC acquired a new position in Unum Group in the 2nd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Unum Group in the 1st quarter worth approximately $30,000. Atwood & Palmer Inc. grew its holdings in shares of Unum Group by 100.0% during the 2nd quarter. Atwood & Palmer Inc. now owns 400 shares of the financial services provider's stock worth $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Unum Group during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 86.57% of the company's stock.
About Unum Group
(
Get Free Report)
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. 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.
Further Reading
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