Unum Group (UNM) Set to Announce Quarterly Earnings on Tuesday

Unum Group (NYSE:UNM) will be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.97 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.07). Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter last year, the firm posted $1.43 EPS. The business’s revenue was up 4.7% 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 Performance

NYSE:UNM opened at $50.75 on Friday. Unum Group has a 1 year low of $40.04 and a 1 year high of $54.57. The firm has a 50 day moving average of $51.34 and a 200-day moving average of $47.69. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $9.74 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87.

Unum Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be given a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Thursday, April 25th. Unum Group’s dividend payout ratio (DPR) is presently 22.50%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Unum Group from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com upgraded shares of Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Company boosted their price objective on shares of Unum Group from $64.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. The Goldman Sachs Group boosted their price objective on shares of Unum Group from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley upped their target price on shares of Unum Group from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.38.

Insider Buying and Selling at Unum Group

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the completion of the transaction, the executive vice president now owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Richard P. Mckenney sold 50,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $49.15, for a total value of $2,457,500.00. Following the completion of the transaction, the chief executive officer now owns 1,076,753 shares of the company’s stock, valued at approximately $52,922,409.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $50.00, for a total transaction of $250,000.00. Following the completion of the transaction, the executive vice president now directly owns 55,450 shares of the company’s stock, valued at approximately $2,772,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,000 shares of company stock worth $4,018,100. Insiders own 0.93% of the company’s stock.

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.