Unum Group (UNM) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Unum Group (NYSE:UNM) posted its earnings results on Wednesday. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.08, MarketWatch Earnings reports. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. Unum Group had a return on equity of 11.19% and a net margin of 9.42%. Unum Group updated its FY 2018 guidance to $4.96-5.22 EPS.

Unum Group stock opened at $34.88 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 0.80 and a beta of 1.36. Unum Group has a fifty-two week low of $33.27 and a fifty-two week high of $58.73.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, October 29th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, October 26th. Unum Group’s payout ratio is 24.24%.

In other Unum Group news, EVP Breege A. Farrell sold 7,500 shares of Unum Group stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $40.66, for a total transaction of $304,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

UNM has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Friday, October 12th. Barclays cut their price objective on Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, July 9th. Finally, TheStreet lowered Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.08.

About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, 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 for Unum Group (NYSE:UNM)

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