Unum Group (NYSE:UNM) Updates FY 2022 Earnings Guidance

Unum Group (NYSE:UNMGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $5.00-$5.22 for the period, compared to the consensus estimate of $4.52. The company issued revenue guidance of -.

Several research firms recently commented on UNM. Barclays upped their price target on shares of Unum Group from $31.00 to $35.00 in a research note on Tuesday, May 10th. Citigroup initiated coverage on Unum Group in a report on Monday. They issued a neutral rating and a $36.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Unum Group from $30.00 to $34.00 in a report on Tuesday, April 5th. Zacks Investment Research lowered Unum Group from a hold rating to a sell rating and set a $29.00 price target on the stock. in a research note on Wednesday, February 23rd. Finally, StockNews.com upgraded Unum Group from a hold rating to a buy rating in a research note on Thursday, May 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $31.00.

UNM stock traded up $0.89 during midday trading on Thursday, reaching $35.97. 2,202,852 shares of the stock were exchanged, compared to its average volume of 2,553,886. The stock has a market capitalization of $7.23 billion, a PE ratio of 7.76, a P/E/G ratio of 0.58 and a beta of 1.44. Unum Group has a 52 week low of $22.25 and a 52 week high of $36.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.29 and a quick ratio of 0.29. The company has a fifty day moving average price of $32.65 and a 200 day moving average price of $28.45.

Unum Group (NYSE:UNMGet Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.55. Unum Group had a return on equity of 8.67% and a net margin of 7.75%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The business’s revenue was down 2.9% on a year-over-year basis. As a group, analysts anticipate that Unum Group will post 5.17 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Stockholders of record on Friday, April 29th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Thursday, April 28th. Unum Group’s dividend payout ratio is 26.55%.

In related news, CEO Richard P. Mckenney sold 35,271 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $36.49, for a total transaction of $1,287,038.79. Following the transaction, the chief executive officer now directly owns 990,367 shares of the company’s stock, valued at approximately $36,138,491.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Cherie Pashley sold 7,033 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $35.68, for a total value of $250,937.44. Following the transaction, the chief accounting officer now directly owns 18,413 shares in the company, valued at $656,975.84. The disclosure for this sale can be found here. Insiders sold a total of 99,453 shares of company stock worth $3,365,621 over the last three months. 0.77% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. United Capital Financial Advisers LLC raised its stake in shares of Unum Group by 3.7% in the first quarter. United Capital Financial Advisers LLC now owns 18,386 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 651 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Unum Group by 4.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 61,304 shares of the financial services provider’s stock valued at $1,932,000 after acquiring an additional 2,370 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Unum Group by 37.7% in the fourth quarter. Flagship Harbor Advisors LLC now owns 10,228 shares of the financial services provider’s stock valued at $251,000 after acquiring an additional 2,800 shares in the last quarter. Yousif Capital Management LLC grew its holdings in shares of Unum Group by 2.8% in the first quarter. Yousif Capital Management LLC now owns 119,854 shares of the financial services provider’s stock valued at $3,777,000 after acquiring an additional 3,304 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY grew its holdings in shares of Unum Group by 10.0% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 36,568 shares of the financial services provider’s stock valued at $898,000 after acquiring an additional 3,315 shares in the last quarter. 85.36% of the stock is owned by hedge funds and other institutional investors.

Unum Group Company Profile (Get Rating)

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. 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.

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Earnings History and Estimates for Unum Group (NYSE:UNM)

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