FY2022 Earnings Estimate for Unum Group Issued By Keefe, Bruyette & Woods (NYSE:UNM)

Unum Group (NYSE:UNMGet Rating) – Keefe, Bruyette & Woods cut their FY2022 earnings per share (EPS) estimates for shares of Unum Group in a report issued on Tuesday, January 17th. Keefe, Bruyette & Woods analyst R. Krueger now expects that the financial services provider will post earnings of $6.18 per share for the year, down from their previous estimate of $6.23. The consensus estimate for Unum Group’s current full-year earnings is $6.24 per share. Keefe, Bruyette & Woods also issued estimates for Unum Group’s Q4 2022 earnings at $1.40 EPS.

Several other analysts have also commented on the stock. Barclays upgraded shares of Unum Group from an “underweight” rating to an “equal weight” rating and set a $43.00 price target on the stock in a research report on Monday, January 9th. JPMorgan Chase & Co. increased their price target on shares of Unum Group from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, October 7th. StockNews.com began coverage on shares of Unum Group in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup cut their price target on shares of Unum Group from $42.00 to $41.00 in a research note on Wednesday, November 16th. Finally, Truist Financial raised their target price on shares of Unum Group from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 7th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.90.

Unum Group Trading Up 1.3 %

NYSE UNM opened at $40.30 on Friday. The stock has a market capitalization of $8.02 billion, a P/E ratio of 6.83, a P/E/G ratio of 0.54 and a beta of 1.09. Unum Group has a 52-week low of $24.23 and a 52-week high of $46.64. The firm has a 50-day moving average price of $40.77 and a 200 day moving average price of $39.42. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.40.

Unum Group (NYSE:UNMGet Rating) last announced its earnings results on Tuesday, November 1st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.11. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.99 billion. Unum Group had a return on equity of 11.38% and a net margin of 9.98%.

Institutional Trading of Unum Group

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its position in Unum Group by 3.7% in the first quarter. BlackRock Inc. now owns 23,681,485 shares of the financial services provider’s stock worth $746,204,000 after acquiring an additional 836,407 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Unum Group by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,745,451 shares of the financial services provider’s stock valued at $339,325,000 after purchasing an additional 113,199 shares during the last quarter. State Street Corp raised its stake in shares of Unum Group by 2.4% in the 2nd quarter. State Street Corp now owns 7,106,074 shares of the financial services provider’s stock valued at $241,749,000 after buying an additional 166,022 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 288,209 shares during the period. Finally, First Trust Advisors LP lifted its holdings 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 acquiring an additional 415,756 shares during the period. 79.64% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Unum Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Friday, January 27th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, January 26th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.28%. Unum Group’s dividend payout ratio (DPR) is 22.37%.

Unum Group announced that its Board of Directors has initiated a share repurchase program on Thursday, December 1st that permits the company to buyback $200.00 million in shares. This buyback authorization permits the financial services provider to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Unum Group Company Profile

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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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