Timothy Gerald Arnold Sells 10,000 Shares of Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM) EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the sale, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at approximately $4,217,292.84. The trade was a 15.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Unum Group Stock Performance

Shares of NYSE UNM traded down $0.55 during trading hours on Monday, hitting $76.35. 1,039,729 shares of the company’s stock were exchanged, compared to its average volume of 1,252,717. Unum Group has a 1-year low of $42.09 and a 1-year high of $77.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $13.94 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.10 and a beta of 0.76. The company’s 50-day moving average price is $65.87 and its 200-day moving average price is $57.56.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. The firm had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts expect that Unum Group will post 8.53 earnings per share for the current fiscal year.

Unum Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, October 25th. This represents a $1.68 annualized dividend and a yield of 2.20%. Unum Group’s dividend payout ratio is 18.18%.

Hedge Funds Weigh In On Unum Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its stake in Unum Group by 3.4% during the third quarter. CIBC Asset Management Inc now owns 5,551 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 180 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Unum Group by 38.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 702 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 194 shares during the period. Brooklyn Investment Group grew its stake in shares of Unum Group by 3.1% in the 3rd quarter. Brooklyn Investment Group now owns 6,592 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 197 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of Unum Group by 2.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,126 shares of the financial services provider’s stock valued at $518,000 after purchasing an additional 217 shares during the period. Finally, Caprock Group LLC grew its stake in shares of Unum Group by 1.8% in the 3rd quarter. Caprock Group LLC now owns 12,308 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 221 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UNM has been the subject of a number of research reports. Truist Financial lifted their price objective on Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their price target on Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Evercore ISI raised Unum Group from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $67.00 to $84.00 in a research report on Thursday, November 14th. Barclays boosted their price target on Unum Group from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, UBS Group raised Unum Group to a “hold” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus target price of $67.73.

Unum Group Company Profile

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.