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

Unum Group (NYSE:UNMGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $5.00-$5.22 for the period, compared to the consensus EPS estimate of $4.52. The company issued revenue guidance of -.

A number of equities analysts recently issued reports on the company. StockNews.com assumed coverage on Unum Group in a report on Thursday, March 31st. They issued a hold rating on the stock. Wolfe Research assumed coverage on Unum Group in a report on Friday, January 21st. They issued a market perform rating and a $26.00 target price on the stock. Zacks Investment Research cut Unum Group from a hold rating to a sell rating and set a $29.00 target price on the stock. in a report on Wednesday, February 23rd. JPMorgan Chase & Co. raised their price objective on Unum Group from $30.00 to $34.00 in a research note on Tuesday, April 5th. Finally, Barclays raised their price objective on Unum Group from $28.00 to $31.00 and gave the company an underweight rating in a research note on Tuesday, April 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $29.88.

Shares of Unum Group stock traded down $0.43 during trading hours on Monday, hitting $35.88. 148,095 shares of the company’s stock traded hands, compared to its average volume of 2,550,859. Unum Group has a 12-month low of $22.25 and a 12-month high of $36.51. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 0.70 and a beta of 1.44. The company has a fifty day simple moving average of $30.75 and a 200-day simple moving average of $27.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.28 and a quick ratio of 0.28.

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, beating the consensus estimate of $0.79 by $0.57. Unum Group had a return on equity of 8.57% and a net margin of 7.75%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the firm posted $1.04 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. On average, analysts forecast that Unum Group will post 4.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Friday, April 29th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, April 28th. Unum Group’s dividend payout ratio is presently 26.55%.

In related news, COO Michael Q. Simonds sold 20,000 shares of Unum Group stock in a transaction dated Tuesday, March 22nd. The stock was sold at an average price of $30.00, for a total value of $600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa G. Iglesias sold 30,000 shares of Unum Group stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $32.55, for a total value of $976,500.00. Following the completion of the sale, the executive vice president now directly owns 76,814 shares of the company’s stock, valued at approximately $2,500,295.70. The disclosure for this sale can be found here. Company insiders own 0.77% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in UNM. Flagship Harbor Advisors LLC grew its holdings in Unum Group by 37.7% during the 4th quarter. Flagship Harbor Advisors LLC now owns 10,228 shares of the financial services provider’s stock valued at $251,000 after buying an additional 2,800 shares in the last quarter. Metropolitan Life Insurance Co NY grew its holdings in Unum Group by 10.0% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 36,568 shares of the financial services provider’s stock valued at $898,000 after buying an additional 3,315 shares in the last quarter. JustInvest LLC grew its holdings in Unum Group by 44.2% during the 4th quarter. JustInvest LLC now owns 13,526 shares of the financial services provider’s stock valued at $332,000 after buying an additional 4,148 shares in the last quarter. Sei Investments Co. grew its holdings in Unum Group by 24.4% during the 4th quarter. Sei Investments Co. now owns 33,315 shares of the financial services provider’s stock valued at $708,000 after buying an additional 6,539 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in Unum Group by 11.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 76,484 shares of the financial services provider’s stock valued at $1,879,000 after buying an additional 7,771 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Unum Group Company Profile (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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