Unum Group (NYSE:UNM) Releases Earnings Results, Misses Expectations By $0.06 EPS

Unum Group (NYSE:UNM) issued its earnings results on Monday. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06), Zacks reports. The firm had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.31 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 earnings per share. Unum Group updated its FY 2025 guidance to EPS.

Unum Group Stock Down 0.6%

Shares of NYSE UNM opened at $72.95 on Tuesday. The stock has a market capitalization of $12.42 billion, a P/E ratio of 8.73, a P/E/G ratio of 1.23 and a beta of 0.36. The company has a 50-day moving average price of $75.04 and a 200-day moving average price of $76.87. Unum Group has a 1 year low of $63.98 and a 1 year high of $84.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, October 24th. Unum Group’s payout ratio is 22.01%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UNM. Lighthouse Investment Partners LLC boosted its holdings in Unum Group by 508.0% during the second quarter. Lighthouse Investment Partners LLC now owns 294,088 shares of the financial services provider’s stock worth $23,751,000 after purchasing an additional 245,718 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Unum Group by 18.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,125,000 shares of the financial services provider’s stock valued at $90,855,000 after acquiring an additional 175,000 shares during the last quarter. HRT Financial LP purchased a new position in Unum Group in the second quarter valued at about $12,541,000. Corient Private Wealth LLC boosted its stake in Unum Group by 90.8% in the second quarter. Corient Private Wealth LLC now owns 254,780 shares of the financial services provider’s stock valued at $20,576,000 after acquiring an additional 121,255 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Unum Group by 33.9% in the second quarter. Qube Research & Technologies Ltd now owns 471,589 shares of the financial services provider’s stock valued at $38,086,000 after acquiring an additional 119,283 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UNM shares. Wolfe Research upgraded shares of Unum Group to a “strong-buy” rating in a research note on Tuesday, September 16th. Evercore ISI reduced their price target on shares of Unum Group from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. UBS Group set a $87.00 price target on shares of Unum Group and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Morgan Stanley increased their price target on shares of Unum Group from $79.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Finally, Barclays increased their price target on shares of Unum Group from $92.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.75.

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.