Insider Selling: Unum Group (NYSE:UNM) EVP Sells $255,500.00 in Stock

Unum Group (NYSE:UNM) EVP Lisa Iglesias sold 3,500 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $73.00, for a total transaction of $255,500.00. Following the completion of the sale, the executive vice president directly owned 29,453 shares of the company’s stock, valued at $2,150,069. This represents a 10.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Unum Group Price Performance

Shares of UNM stock opened at $72.14 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $11.81 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.57 and a beta of 0.20. The firm’s 50-day moving average is $74.82 and its two-hundred day moving average is $75.48. Unum Group has a 12 month low of $66.81 and a 12 month high of $84.48.

Unum Group (NYSE:UNM) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.19). The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Unum Group had a net margin of 5.65% and a return on equity of 12.62%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $2.03 EPS. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Analysts predict that Unum Group will post 9.14 earnings per share for the current year.

Unum Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 30th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, January 30th. Unum Group’s dividend payout ratio is presently 43.29%.

Unum Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, December 4th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 8.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group decreased their price target on Unum Group from $85.00 to $81.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Weiss Ratings raised Unum Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. JPMorgan Chase & Co. reduced their price objective on shares of Unum Group from $92.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of Unum Group in a research report on Monday, January 5th. Finally, Barclays reaffirmed an “overweight” rating on shares of Unum Group in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.40.

Institutional Trading of Unum Group

Hedge funds have recently modified their holdings of the stock. Algebris UK Ltd. grew its holdings in Unum Group by 95.7% during the 3rd quarter. Algebris UK Ltd. now owns 389,463 shares of the financial services provider’s stock worth $30,269,000 after acquiring an additional 190,454 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Unum Group by 53.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 69,128 shares of the financial services provider’s stock valued at $5,376,000 after purchasing an additional 24,101 shares during the last quarter. Swedbank AB acquired a new stake in shares of Unum Group in the 3rd quarter valued at $14,644,000. Allianz Asset Management GmbH raised its holdings in shares of Unum Group by 63.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,516,126 shares of the financial services provider’s stock valued at $195,704,000 after purchasing an additional 978,937 shares in the last quarter. Finally, Vest Financial LLC lifted its position in shares of Unum Group by 5.5% during the 3rd quarter. Vest Financial LLC now owns 653,527 shares of the financial services provider’s stock worth $50,831,000 after purchasing an additional 33,807 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.

About Unum Group

Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.