On November 6, 2024, Christopher Pyne, Executive Vice President of Group Benefits at Unum Group (UNM, Financial), executed a sale of 3,250 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 50,762 shares of Unum Group.
Unum Group is a leading provider of financial protection benefits in the United States and the United Kingdom. The company offers disability, life, accident, critical illness, dental, and vision insurance, which help protect millions of working people and their families in the event of illness or injury.
Over the past year, Christopher Pyne has sold a total of 10,000 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend within Unum Group, where there have been 13 insider sales and no insider buys over the past year.
Shares of Unum Group were trading at $70.02 on the day of the sale. The company has a market cap of approximately $12.68 billion. The price-earnings ratio of Unum Group stands at 7.51, which is below both the industry median of 11.38 and the company's historical median.
According to the GF Value, which is an intrinsic value estimate calculated by GuruFocus, Unum Group is currently significantly overvalued. The GF Value of $49.65 compared to the current price of $70.02 results in a price-to-GF-Value ratio of 1.41.
This insider sale could be of interest to investors tracking insider behaviors, especially considering the valuation metrics and the overall trend of insider transactions at Unum Group.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
