Unum Group (NYSE:UNM) to Post Q1 2023 Earnings of $1.48 Per Share, Jefferies Financial Group Forecasts

Unum Group (NYSE:UNMGet Rating) – Jefferies Financial Group increased their Q1 2023 earnings per share (EPS) estimates for shares of Unum Group in a report issued on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now expects that the financial services provider will post earnings of $1.48 per share for the quarter, up from their previous estimate of $1.43. The consensus estimate for Unum Group’s current full-year earnings is $6.23 per share. Jefferies Financial Group also issued estimates for Unum Group’s FY2023 earnings at $6.15 EPS and FY2026 earnings at $7.75 EPS.

Several other research analysts have also recently weighed in on UNM. Morgan Stanley boosted their target price on Unum Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 2nd. Raymond James assumed coverage on Unum Group in a report on Wednesday, September 21st. They set a “market perform” rating on the stock. StockNews.com assumed coverage on Unum Group in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Barclays boosted their target price on Unum Group from $36.00 to $43.00 and gave the stock an “underweight” rating in a report on Sunday, November 6th. Finally, Credit Suisse Group boosted their target price on Unum Group from $21.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.60.

Unum Group Trading Down 1.4 %

Shares of Unum Group stock opened at $40.96 on Thursday. The stock has a market cap of $8.15 billion, a P/E ratio of 6.94, a P/E/G ratio of 0.54 and a beta of 1.16. The stock’s 50 day simple moving average is $41.89 and its 200-day simple moving average is $37.74. Unum Group has a 1-year low of $22.25 and a 1-year high of $46.64. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.30 and a quick ratio of 0.30.

Institutional Trading of Unum Group

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Unum Group during the second quarter worth $143,000. Advisor Group Holdings Inc. grew its stake in shares of Unum Group by 7.9% during the first quarter. Advisor Group Holdings Inc. now owns 233,497 shares of the financial services provider’s stock worth $7,794,000 after purchasing an additional 17,043 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in shares of Unum Group during the first quarter worth $233,000. Advisory Services Network LLC grew its stake in shares of Unum Group by 1.5% during the first quarter. Advisory Services Network LLC now owns 75,720 shares of the financial services provider’s stock worth $2,386,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of Unum Group by 0.5% during the second quarter. Texas Permanent School Fund now owns 145,739 shares of the financial services provider’s stock worth $4,958,000 after purchasing an additional 791 shares in the last quarter. Hedge funds and other institutional investors 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 business’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,043,052.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Puneet Bhasin sold 10,725 shares of the company’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 of the company’s stock, valued at $2,347,613.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher W. Pyne sold 5,400 shares of the company’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 directly 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 corporate insiders.

Unum Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, October 28th were given a $0.33 dividend. 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 payout ratio is 22.37%.

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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