Steven Andrew Zabel Sells 7,500 Shares of Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM) EVP Steven Andrew Zabel sold 7,500 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total transaction of $572,850.00. Following the completion of the sale, the executive vice president directly owned 113,807 shares in the company, valued at approximately $8,692,578.66. This trade represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Unum Group Stock Performance

Shares of NYSE:UNM opened at $75.59 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $76.38 and a 200-day moving average price of $76.76. 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 12 month low of $66.81 and a 12 month high of $84.48.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.13 EPS. Unum Group has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Unum Group will post 9.14 EPS for the current year.

Unum Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 24th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Friday, October 24th. Unum Group’s dividend payout ratio is currently 35.87%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UNM. JPMorgan Chase & Co. reduced their price objective on shares of Unum Group from $94.00 to $92.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 4th. Evercore ISI increased their price target on shares of Unum Group from $96.00 to $99.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 price objective (down from $100.00) on shares of Unum Group in a research report on Thursday, July 31st. UBS Group set a $87.00 target price on Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, Wolfe Research upgraded Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. Two 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

Institutional Trading of Unum Group

Hedge funds have recently made changes to their positions in the stock. Quintet Private Bank Europe S.A. bought a new position in Unum Group during the 2nd quarter valued at approximately $28,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Unum Group in the first quarter worth $30,000. Legacy Investment Solutions LLC bought a new position in shares of Unum Group during the second quarter valued at $30,000. Triumph Capital Management bought a new position in shares of Unum Group during the third quarter valued at $31,000. Finally, Atwood & Palmer Inc. raised its position in shares of Unum Group by 100.0% in 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 during the last quarter. 86.57% of the stock is owned by institutional investors.

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.