Q2 Earnings Estimate for Unum Group Issued By Zacks Research

Unum Group (NYSE:UNMFree Report) – Analysts at Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for Unum Group in a research note issued to investors on Wednesday, January 28th. Zacks Research analyst Team now expects that the financial services provider will earn $2.44 per share for the quarter, down from their prior forecast of $2.46. The consensus estimate for Unum Group’s current full-year earnings is $9.14 per share.

Unum Group (NYSE:UNMGet Free Report) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $2.09 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.06). The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Unum Group had a net margin of 6.99% and a return on equity of 13.09%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company upped their price target on shares of Unum Group from $98.00 to $104.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 target price on shares of Unum Group in a report on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Unum Group in a report on Monday, December 29th. Morgan Stanley set a $85.00 price objective on Unum Group in a research report on Monday, December 15th. Finally, Citigroup reiterated a “market perform” rating on shares of Unum Group in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $97.08.

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Unum Group Price Performance

NYSE UNM opened at $75.92 on Friday. Unum Group has a 12 month low of $66.81 and a 12 month high of $84.48. The stock has a market cap of $12.70 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.36 and a beta of 0.20. The company’s 50 day moving average is $77.03 and its two-hundred day moving average is $75.63. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Unum Group

Several large investors have recently bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new position in Unum Group during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Unum Group during the 2nd quarter valued at about $30,000. Triumph Capital Management purchased a new stake in shares of Unum Group during the 3rd quarter valued at about $31,000. Ancora Advisors LLC lifted its holdings in shares of Unum Group by 385.2% in the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 339 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its position in Unum Group by 44.0% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.

Insider Buying and Selling

In other Unum Group news, CAO Walter Lynn Rice, Jr. sold 900 shares of Unum Group stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $73.50, for a total value of $66,150.00. Following the sale, the chief accounting officer owned 8,940 shares of the company’s stock, valued at $657,090. The trade was a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Steven Andrew Zabel sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $76.38, for a total value of $572,850.00. Following the sale, the executive vice president directly owned 113,807 shares in the company, valued at $8,692,578.66. This trade represents a 6.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 12,400 shares of company stock worth $951,160. Corporate insiders own 0.92% of the company’s stock.

Unum Group announced that its board has initiated a stock repurchase plan on Thursday, December 4th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 8.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 30th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, January 30th. Unum Group’s payout ratio is 35.87%.

Unum Group News Roundup

Here are the key news stories impacting Unum Group this week:

Unum Group Company Profile

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Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.

Further Reading

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

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