Unum Group (NYSE:UNM) EVP Lisa Iglesias Sells 3,500 Shares of Stock

Unum Group (NYSE:UNM) EVP Lisa Iglesias sold 3,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $73.00, for a total transaction of $255,500.00. Following the completion of the transaction, the executive vice president owned 29,453 shares in the company, valued at approximately $2,150,069. The trade was a 10.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Unum Group Stock Performance

Shares of NYSE:UNM traded up $0.05 during trading on Thursday, reaching $72.56. 104,469 shares of the company’s stock traded hands, compared to its average volume of 1,521,706. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.37 and a quick ratio of 0.37. Unum Group has a 12 month low of $66.81 and a 12 month high of $84.48. The company has a 50 day moving average of $75.01 and a 200-day moving average of $75.48. The stock has a market capitalization of $11.88 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.57 and a beta of 0.20.

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

Unum Group declared that its board has initiated a share buyback plan on Thursday, December 4th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 8.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. Unum Group’s dividend payout ratio (DPR) is 43.29%.

Analysts Set New Price Targets

Several brokerages have weighed in on UNM. Wells Fargo & Company dropped their target price on Unum Group from $104.00 to $102.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 25th. Morgan Stanley reduced their price target on shares of Unum Group from $85.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, March 3rd. Citigroup reaffirmed a “market perform” rating on shares of Unum Group in a report on Thursday, December 18th. Evercore set a $103.00 price objective on shares of Unum Group in a research report on Friday, February 6th. Finally, Wall Street Zen lowered shares of Unum Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and an average price target of $94.40.

Institutional Investors Weigh In On Unum Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Unum Group in the 4th quarter worth approximately $1,108,919,000. 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 worth $195,704,000 after purchasing an additional 978,937 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Unum Group during the fourth quarter valued at approximately $58,860,000. Alyeska Investment Group L.P. lifted its stake in Unum Group by 365.3% during the fourth quarter. Alyeska Investment Group L.P. now owns 930,534 shares of the financial services provider’s stock valued at $72,116,000 after purchasing an additional 730,534 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its holdings in Unum Group by 762.9% during the second quarter. Ensign Peak Advisors Inc now owns 712,206 shares of the financial services provider’s stock worth $57,518,000 after buying an additional 629,665 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.

Unum Group Company Profile

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.