Timothy Keaney Sells 4,300 Shares of Unum Group (NYSE:UNM) Stock

Unum Group (NYSE:UNM) Director Timothy Keaney sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $94.02, for a total value of $404,286.00. Following the completion of the sale, the director owned 36,502 shares in the company, valued at approximately $3,431,918.04. This represents a 10.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Unum Group Price Performance

Shares of NYSE UNM opened at $94.20 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a market capitalization of $14.91 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.00 and a beta of 0.27. The firm’s 50 day simple moving average is $90.13 and its 200-day simple moving average is $83.76. Unum Group has a 12 month low of $69.02 and a 12 month high of $96.77.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, July 28th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.16. Unum Group had a net margin of 5.26% and a return on equity of 12.60%. The firm had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the previous year, the business posted $1.92 EPS. The business’s revenue was up .3% compared to the same quarter last year. Unum Group has set its FY 2026 guidance at 8.600-8.900 EPS. Analysts expect that Unum Group will post 8.64 EPS for the current year.

Unum Group announced that its board has initiated a stock repurchase program on Wednesday, August 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Unum Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 24th were given a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Unum Group’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, July 24th. Unum Group’s payout ratio is currently 47.09%.

Institutional Investors Weigh In On Unum Group

A number of hedge funds have recently modified their holdings of UNM. SHP Wealth Management purchased a new stake in Unum Group during the 4th quarter valued at about $25,000. MBM Wealth Consultants LLC purchased a new position in Unum Group in the 1st quarter worth approximately $29,000. Triumph Capital Management acquired a new position in shares of Unum Group during the 3rd quarter worth approximately $31,000. Ancora Advisors LLC boosted its holdings in shares of Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 339 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of Unum Group in the fourth quarter valued at approximately $39,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UNM. Wolfe Research cut their price target on Unum Group from $102.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Morgan Stanley raised their price objective on Unum Group from $87.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, August 24th. Keefe, Bruyette & Woods cut their price objective on Unum Group from $110.00 to $108.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. UBS Group set a $94.00 target price on Unum Group in a research note on Tuesday, July 7th. Finally, Evercore reiterated an “outperform” rating and set a $106.00 target price on shares of Unum Group in a research report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.42.

About Unum Group

Unum Group is an insurance company that provides financial protection and employee benefits through workplace and individual products. Its offerings include disability insurance, life insurance, accident insurance, critical illness coverage, and related benefits designed to help individuals and families manage income loss and other financial risks.

The company serves employers, employees, and individual customers primarily in the United States, the United Kingdom, and Ireland. Its products are distributed through employers, insurance brokers, benefits advisers, and other intermediaries.