Brokers Set Expectations for Unum Group’s Q1 2023 Earnings (NYSE:UNM)

Unum Group (NYSE:UNMGet Rating) – Investment analysts at Jefferies Financial Group raised their Q1 2023 earnings per share estimates for Unum Group in a report released on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now expects that the financial services provider will post earnings of $1.48 per share for the quarter, up from their previous forecast of $1.43. The consensus estimate for Unum Group’s current full-year earnings is $6.23 per share. Jefferies Financial Group also issued estimates for Unum Group’s FY2023 earnings at $6.15 EPS and FY2026 earnings at $7.75 EPS.

Several other research analysts have also issued reports on the stock. Raymond James initiated coverage on shares of Unum Group in a research report on Wednesday, September 21st. They issued a “market perform” rating on the stock. Barclays lifted their price target on shares of Unum Group from $36.00 to $43.00 and gave the stock an “underweight” rating in a research report on Sunday, November 6th. Morgan Stanley lifted their price target on shares of Unum Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 2nd. StockNews.com initiated coverage on shares of Unum Group in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Unum Group from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, October 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.60.

Unum Group Trading Down 1.4 %

Unum Group stock opened at $40.96 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.30 and a current ratio of 0.30. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 6.94, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16. Unum Group has a 1 year low of $22.25 and a 1 year high of $46.64. The firm’s 50 day moving average price is $41.88 and its two-hundred day moving average price is $37.72.

Unum Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, October 28th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, October 27th. Unum Group’s payout ratio is 22.37%.

Insider Activity

In other news, EVP Puneet Bhasin sold 10,725 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $41.03, for a total transaction of $440,046.75. Following the transaction, the executive vice president now directly owns 57,217 shares in the company, valued at approximately $2,347,613.51. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Christopher W. Pyne sold 5,400 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $45.02, for a total transaction of $243,108.00. Following the transaction, the executive vice president now directly owns 45,381 shares in the company, valued at approximately $2,043,052.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Puneet Bhasin sold 10,725 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $41.03, for a total transaction of $440,046.75. Following the transaction, the executive vice president now owns 57,217 shares in the company, valued at $2,347,613.51. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Unum Group

Several institutional investors and hedge funds have recently modified their holdings of UNM. Victory Capital Management Inc. lifted its stake in shares of Unum Group by 1,264.2% in the 1st quarter. Victory Capital Management Inc. now owns 720,784 shares of the financial services provider’s stock valued at $22,643,000 after purchasing an additional 667,949 shares during the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of Unum Group by 7.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 233,497 shares of the financial services provider’s stock valued at $7,794,000 after purchasing an additional 17,043 shares during the last quarter. DGS Capital Management LLC lifted its stake in shares of Unum Group by 11.0% in the 1st quarter. DGS Capital Management LLC now owns 29,706 shares of the financial services provider’s stock valued at $936,000 after purchasing an additional 2,941 shares during the last quarter. JJJ Advisors Inc. lifted its stake in shares of Unum Group by 10.7% in the 1st quarter. JJJ Advisors Inc. now owns 4,678 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 452 shares during the last quarter. Finally, Legal Advantage Investments Inc. lifted its stake in shares of Unum Group by 2.3% in the 1st quarter. Legal Advantage Investments Inc. now owns 22,363 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 503 shares during the last quarter. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

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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