Unum Group (UNM) to Release Earnings on Tuesday

Unum Group (NYSE:UNM) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce 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 listen to the company’s earnings conference call can do so using this link.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the company posted $1.43 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. 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 Down 1.2 %

Shares of UNM opened at $50.75 on Monday. Unum Group has a 52 week low of $40.04 and a 52 week high of $54.57. The firm has a market cap of $9.74 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.87. The firm’s 50-day simple moving average is $51.34 and its 200 day simple moving average is $47.65. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27.

Unum Group Announces Dividend

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

Insider Transactions at Unum Group

In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard P. Mckenney sold 50,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $49.15, for a total transaction of $2,457,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,076,753 shares of the company’s stock, valued at approximately $52,922,409.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,000 shares of company stock valued at $4,018,100. Company insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on UNM. JPMorgan Chase & Co. upped their price target on shares of Unum Group from $56.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Morgan Stanley increased their target price on shares of Unum Group from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Wells Fargo & Company increased their target price on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. StockNews.com upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, The Goldman Sachs Group increased their target price on shares of Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Unum Group has an average rating of “Moderate Buy” and a consensus target price of $56.38.

About Unum Group

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.