Timothy F. Keaney Sells 8,000 Shares of Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM) Director Timothy F. Keaney sold 8,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total transaction of $420,880.00. Following the sale, the director now directly owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Unum Group Stock Performance

UNM stock traded up $0.09 during mid-day trading on Thursday, reaching $52.67. The company had a trading volume of 625,530 shares, compared to its average volume of 1,379,641. The stock’s 50-day simple moving average is $51.74 and its two-hundred day simple moving average is $47.75. The stock has a market capitalization of $9.97 billion, a P/E ratio of 7.81, a P/E/G ratio of 1.28 and a beta of 0.87. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.34. Unum Group has a one year low of $41.75 and a one year high of $54.57.

Unum Group (NYSE:UNM) last issued its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm posted $1.87 EPS. Unum Group’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Unum Group will post 8.19 EPS for the current year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be given a dividend of $0.365 per share. The ex-dividend date is Thursday, April 25th. This represents a $1.46 annualized dividend and a dividend yield of 2.77%. Unum Group’s dividend payout ratio is presently 21.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UNM shares. Morgan Stanley upped their price objective on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. The Goldman Sachs Group increased their price target on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price objective on Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Truist Financial upped their target price on Unum Group from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, StockNews.com raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Unum Group currently has an average rating of “Moderate Buy” and a consensus target price of $57.38.

Hedge Funds Weigh In On Unum Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewSquare Capital LLC lifted its stake in shares of Unum Group by 4.6% in the 4th quarter. NewSquare Capital LLC now owns 228,132 shares of the financial services provider’s stock worth $10,177,000 after acquiring an additional 10,021 shares during the period. Nordea Investment Management AB boosted its stake in Unum Group by 79.8% during the 4th quarter. Nordea Investment Management AB now owns 1,952,763 shares of the financial services provider’s stock valued at $88,616,000 after purchasing an additional 866,531 shares in the last quarter. American Century Companies Inc. increased its position in shares of Unum Group by 14.9% during the 3rd quarter. American Century Companies Inc. now owns 222,878 shares of the financial services provider’s stock valued at $10,963,000 after purchasing an additional 28,898 shares during the period. Boone Capital Management LLC increased its position in shares of Unum Group by 1.2% during the 3rd quarter. Boone Capital Management LLC now owns 867,565 shares of the financial services provider’s stock valued at $42,676,000 after purchasing an additional 10,000 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Unum Group by 91.9% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 63,810 shares of the financial services provider’s stock worth $3,138,000 after buying an additional 30,555 shares in 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.