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

Unum Group (NYSE:UNMGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $6.09-$6.31 for the period, compared to the consensus EPS estimate of $5.16. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Unum Group from $36.00 to $40.00 and gave the company a buy rating in a report on Monday, June 6th. JPMorgan Chase & Co. increased their price target on shares of Unum Group from $34.00 to $36.00 in a research report on Monday, July 11th. Morgan Stanley increased their price target on shares of Unum Group from $34.00 to $37.00 and gave the company an equal weight rating in a research report on Wednesday. StockNews.com lowered shares of Unum Group from a buy rating to a hold rating in a research report on Thursday. Finally, Evercore ISI increased their price target on shares of Unum Group from $35.00 to $37.00 and gave the company an in-line rating in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $32.89.

Unum Group Trading Up 2.0 %

NYSE UNM traded up $0.70 during mid-day trading on Friday, reaching $35.90. 1,517,803 shares of the stock were exchanged, compared to its average volume of 2,338,991. Unum Group has a 1-year low of $22.25 and a 1-year high of $37.49. The business’s fifty day simple moving average is $33.81 and its 200 day simple moving average is $31.57. The stock has a market capitalization of $7.22 billion, a PE ratio of 6.58, a PEG ratio of 0.59 and a beta of 1.29. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.29 and a current ratio of 0.30.

Unum Group (NYSE:UNMGet Rating) last announced its earnings results on Thursday, May 5th. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.55. Unum Group had a net margin of 9.29% and a return on equity of 9.86%. The firm had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the business earned $1.04 earnings per share. Unum Group’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that Unum Group will post 5.18 earnings per share for the current fiscal year.

Unum Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.32 dividend on an annualized basis and a yield of 3.68%. This is an increase from Unum Group’s previous quarterly dividend of $0.30. Unum Group’s dividend payout ratio (DPR) is currently 24.18%.

Insiders Place Their Bets

In other Unum Group news, EVP Christopher W. Pyne sold 7,149 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $35.13, for a total transaction of $251,144.37. Following the transaction, the executive vice president now owns 50,781 shares of the company’s stock, valued at $1,783,936.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Unum Group news, EVP Christopher W. Pyne sold 7,149 shares of the stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $35.13, for a total transaction of $251,144.37. Following the transaction, the executive vice president now owns 50,781 shares of the company’s stock, valued at $1,783,936.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard P. Mckenney sold 35,271 shares of the 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 in the company, valued at approximately $36,138,491.83. The disclosure for this sale can be found here. Insiders have sold a total of 49,453 shares of company stock valued at $1,789,121 over the last quarter. Company insiders own 0.77% of the company’s stock.

Hedge Funds Weigh In On Unum Group

A number of hedge funds have recently made changes to their positions in UNM. Raymond James Financial Services Advisors Inc. raised its stake in shares of Unum Group by 4.0% in the 1st 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 during the period. Cetera Advisor Networks LLC increased its stake in Unum Group by 33.2% during the 1st quarter. Cetera Advisor Networks LLC now owns 15,247 shares of the financial services provider’s stock worth $480,000 after buying an additional 3,799 shares during the period. Natixis Advisors L.P. purchased a new stake in Unum Group during the 1st quarter worth $348,000. Bank of Montreal Can increased its stake in Unum Group by 61.5% during the 1st quarter. Bank of Montreal Can now owns 76,618 shares of the financial services provider’s stock worth $2,422,000 after buying an additional 29,166 shares during the period. Finally, D.A. Davidson & CO. purchased a new stake in Unum Group during the 1st quarter worth $227,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

About Unum Group

(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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