Keefe, Bruyette & Woods Weighs in on Unum Group’s FY2022 Earnings (NYSE:UNM)

Unum Group (NYSE:UNMGet Rating) – Investment analysts at Keefe, Bruyette & Woods lifted their FY2022 earnings per share (EPS) estimates for shares of Unum Group in a report released on Tuesday, November 22nd. Keefe, Bruyette & Woods analyst R. Krueger now forecasts that the financial services provider will earn $6.23 per share for the year, up from their previous forecast of $6.13. The consensus estimate for Unum Group’s current full-year earnings is $6.23 per share. Keefe, Bruyette & Woods also issued estimates for Unum Group’s Q4 2022 earnings at $1.45 EPS, Q2 2023 earnings at $1.53 EPS, Q3 2023 earnings at $1.54 EPS, Q4 2023 earnings at $1.56 EPS, FY2023 earnings at $6.15 EPS, Q1 2024 earnings at $1.61 EPS, Q2 2024 earnings at $1.64 EPS, Q3 2024 earnings at $1.66 EPS and FY2024 earnings at $6.60 EPS.

A number of other equities analysts also recently issued reports on UNM. The Goldman Sachs Group downgraded Unum Group from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Wednesday, November 16th. Citigroup cut their target price on Unum Group from $42.00 to $41.00 in a research note on Wednesday, November 16th. Barclays increased their target price on Unum Group from $36.00 to $43.00 and gave the stock an “underweight” rating in a research note on Sunday, November 6th. Raymond James began coverage on Unum Group in a research note on Wednesday, September 21st. They set a “market perform” rating for the company. Finally, StockNews.com began coverage on Unum Group in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.60.

Unum Group Stock Performance

Shares of UNM stock opened at $40.96 on Thursday. The company 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. The stock has a 50 day simple moving average of $41.89 and a 200-day simple moving average of $37.74. Unum Group has a 12-month low of $22.25 and a 12-month high of $46.64. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.40.

Institutional Investors Weigh In On Unum Group

Several hedge funds have recently made changes to their positions in the business. Toroso Investments LLC acquired a new stake in shares of Unum Group during the third quarter worth $234,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Unum Group during the third quarter worth $423,000. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Unum Group during the third quarter worth $1,209,000. Glenmede Trust Co. NA boosted its holdings in Unum Group by 4.1% in the third quarter. Glenmede Trust Co. NA now owns 48,584 shares of the financial services provider’s stock valued at $1,884,000 after acquiring an additional 1,897 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Unum Group by 6.4% in the third quarter. Baird Financial Group Inc. now owns 10,876 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 656 shares during the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Insider Buying and Selling at Unum Group

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

Unum Group Announces Dividend

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

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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