Unum Group (UNM) Scheduled to Post Quarterly Earnings on Tuesday

Unum Group (NYSE:UNM) is scheduled to be announcing its earnings results 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.Investors interested in listening to the company’s conference call can do so using this link.

Unum Group (NYSE:UNM) last posted its 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). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 EPS. 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 Up 0.8 %

Shares of UNM opened at $51.79 on Tuesday. The stock has a market capitalization of $9.94 billion, a PE ratio of 7.98, a P/E/G ratio of 1.03 and a beta of 0.87. Unum Group has a 1 year low of $40.04 and a 1 year high of $54.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27. The company’s 50-day simple moving average is $51.03 and its 200-day simple moving average is $47.59.

Unum Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, April 26th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $1.46 annualized dividend and a dividend yield of 2.82%. Unum Group’s dividend payout ratio is presently 22.50%.

Insiders Place Their Bets

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of Unum Group stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.00, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard P. Mckenney sold 50,000 shares of Unum Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of $49.15, for a total value of $2,457,500.00. Following 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 ninety days, insiders have sold 81,000 shares of company stock worth $4,018,100. Corporate insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley raised 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. JPMorgan Chase & Co. raised their target price on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group raised 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. Finally, StockNews.com upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to 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.