Unum Group (UNM) to Release Earnings on Tuesday

Unum Group (NYSE:UNM) is scheduled to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Unum Group to post earnings of $1.97 per share for the quarter. Unum Group has set its FY24 guidance at $8.20-8.35 EPS and its FY 2024 guidance at 8.200-8.350 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Unum Group had a return on equity of 16.03% and a net margin of 10.36%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $1.43 earnings per share. On average, analysts expect Unum Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Unum Group Stock Performance

Shares of UNM stock opened at $50.75 on Monday. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 7.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.87. The stock has a 50 day simple moving average of $51.34 and a 200-day simple moving average of $47.65. Unum Group has a 12-month low of $40.04 and a 12-month high of $54.57. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.36.

Unum Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s dividend payout ratio (DPR) is 22.50%.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction of $250,000.00. Following the sale, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Steven Andrew Zabel sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $51.06, for a total transaction of $510,600.00. Following the sale, the chief financial officer now owns 122,246 shares in the company, valued at $6,241,880.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,000 shares of company stock worth $4,018,100. 0.93% of the stock is owned by insiders.

Analyst Ratings Changes

UNM has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised their price objective on Unum Group from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Wells Fargo & Company raised their price objective on Unum Group from $64.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. StockNews.com raised Unum Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, Morgan Stanley raised their price objective on Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.38.

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.