Unum Group (UNM) Scheduled to Post Earnings on Tuesday

Unum Group (NYSE:UNM) is scheduled to post its quarterly earnings results after the market closes on Tuesday, July 30th. Analysts expect Unum Group to post earnings of $2.02 per share for the quarter. Unum Group has set its FY24 guidance at $8.20-8.35 EPS and its FY 2024 guidance at 8.200-8.350 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Unum Group (NYSE:UNM) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. Unum Group had a net margin of 10.52% and a return on equity of 16.02%. The company had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the firm earned $1.87 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. On average, analysts expect Unum Group to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Unum Group Stock Down 0.3 %

UNM opened at $53.24 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50-day moving average is $51.72 and its 200 day moving average is $50.76. Unum Group has a fifty-two week low of $41.75 and a fifty-two week high of $54.66. The firm has a market capitalization of $10.08 billion, a P/E ratio of 7.91, a PEG ratio of 1.06 and a beta of 0.81.

Unum Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, July 26th will be given a dividend of $0.42 per share. This is a positive change from Unum Group’s previous quarterly dividend of $0.37. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, July 26th. Unum Group’s dividend payout ratio (DPR) is presently 24.96%.

Insider Activity at Unum Group

In related news, Director Timothy F. Keaney sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total transaction of $420,880.00. Following the completion of the transaction, the director now owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Unum Group news, EVP Christopher W. Pyne sold 4,500 shares of Unum Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.47, for a total transaction of $236,115.00. Following the completion of the sale, the executive vice president now directly owns 56,262 shares in the company, valued at $2,952,067.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy F. Keaney sold 8,000 shares of Unum Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $52.61, for a total transaction of $420,880.00. Following the sale, the director now owns 37,505 shares of the company’s stock, valued at $1,973,138.05. The disclosure for this sale can be found here. 0.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of Unum Group from $56.00 to $58.00 and gave the company an “in-line” rating in a research report on Wednesday, June 26th. Piper Sandler assumed coverage on shares of Unum Group in a report on Thursday, July 11th. They set an “overweight” rating and a $57.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of Unum Group from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Citigroup raised their price objective on shares of Unum Group from $62.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Unum Group from $58.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Unum Group has an average rating of “Moderate Buy” and a consensus price target of $60.44.

Unum Group Company Profile

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.