Unum Group (NYSE:UNM) Issues FY 2024 Earnings Guidance

by · The Markets Daily

Unum Group (NYSE:UNM – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.426-8.809 for the period, compared to the consensus EPS estimate of 8.490. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Truist Financial lifted their target price on Unum Group from $62.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. UBS Group upgraded Unum Group to a “hold” rating in a report on Wednesday, October 9th. Barclays lowered their price target on Unum Group from $73.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group boosted their price objective on shares of Unum Group from $63.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $63.64.

Check Out Our Latest Stock Analysis on Unum Group

Unum Group Trading Down 0.3 %

Shares of NYSE:UNM traded down $0.18 during trading on Tuesday, reaching $61.67. 1,561,543 shares of the company were exchanged, compared to its average volume of 1,231,339. The business’s fifty day simple moving average is $58.24 and its 200-day simple moving average is $54.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a 12-month low of $41.75 and a 12-month high of $64.52. The firm has a market capitalization of $11.68 billion, a PE ratio of 9.16, a P/E/G ratio of 0.91 and a beta of 0.77.

Unum Group (NYSE:UNM – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.02 by $0.14. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.23 billion. Unum Group had a return on equity of 15.55% and a net margin of 10.40%. Unum Group’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS. On average, research analysts anticipate that Unum Group will post 8.49 EPS for the current year.

Unum Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, October 25th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.72%. The ex-dividend date is Friday, October 25th. Unum Group’s payout ratio is 24.96%.

Unum Group announced that its board has authorized a share repurchase program on Tuesday, July 30th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 10% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Unum Group

In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $54.11, for a total value of $541,100.00. Following the transaction, the executive vice president now owns 64,821 shares in the company, valued at $3,507,464.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of Unum Group stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $54.11, for a total value of $541,100.00. Following the transaction, the executive vice president now directly owns 64,821 shares of the company’s stock, valued at approximately $3,507,464.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard P. Mckenney sold 67,795 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total value of $3,727,369.10. Following the sale, the chief executive officer now owns 1,065,868 shares of the company’s stock, valued at approximately $58,601,422.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

About Unum Group

(Get Free Report)

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.

Recommended Stories