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

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

Shares of UNM stock opened at $34.49 on Monday. The stock has a 50-day moving average price of $31.50 and a 200 day moving average price of $27.98. The company has a quick ratio of 0.28, a current ratio of 0.29 and a debt-to-equity ratio of 0.32. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 0.58 and a beta of 1.44. Unum Group has a 12 month low of $22.25 and a 12 month high of $36.73.

Unum Group (NYSE:UNMGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.57. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $3.02 billion. Unum Group had a return on equity of 8.67% and a net margin of 7.75%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. Sell-side analysts predict that Unum Group will post 5.16 earnings per share for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $1.20 annualized dividend and a dividend yield of 3.48%. Unum Group’s payout ratio is currently 26.55%.

Several brokerages recently issued reports on UNM. Barclays boosted their price objective on Unum Group from $31.00 to $35.00 in a research report on Tuesday, May 10th. StockNews.com upgraded Unum Group from a hold rating to a buy rating in a research note on Thursday. Jefferies Financial Group initiated coverage on Unum Group in a research note on Tuesday, January 25th. They issued a hold rating and a $27.00 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 research note on Wednesday, February 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Unum Group from $30.00 to $34.00 in a research note on Tuesday, April 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Unum Group presently has a consensus rating of Hold and a consensus price target of $30.38.

In other news, CEO Richard P. Mckenney sold 35,271 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 990,367 shares of the company’s stock, valued at approximately $36,138,491.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Cherie Pashley sold 7,033 shares of the stock in a transaction on Monday, May 9th. The stock was sold at an average price of $35.68, for a total value of $250,937.44. Following the sale, the chief accounting officer now directly owns 18,413 shares in the company, valued at $656,975.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,453 shares of company stock worth $3,365,621. Insiders own 0.77% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of Unum Group by 3.7% during the 1st quarter. BlackRock Inc. now owns 23,681,485 shares of the financial services provider’s stock worth $746,204,000 after buying an additional 836,407 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Unum Group by 7.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,293,213 shares of the financial services provider’s stock worth $135,279,000 after buying an additional 288,209 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Unum Group by 45.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,542,304 shares of the financial services provider’s stock worth $62,463,000 after buying an additional 793,407 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Unum Group by 33.2% during the 1st quarter. First Trust Advisors LP now owns 1,667,264 shares of the financial services provider’s stock worth $52,535,000 after buying an additional 415,756 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Unum Group by 13.4% during the 1st quarter. Renaissance Technologies LLC now owns 793,400 shares of the financial services provider’s stock worth $25,000,000 after buying an additional 93,900 shares during the last quarter. 85.36% of the stock is currently owned by 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.

See Also

Earnings History and Estimates for Unum Group (NYSE:UNM)

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