Unum Group (UNM) Announces Quarterly Earnings Results, Meets Expectations
Unum Group (NYSE:UNM) posted its quarterly earnings results on Tuesday. The company reported $0.84 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.84, American Banking and Market News reports. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter last year, the company posted $0.85 earnings per share. Unum Group’s revenue was down 2.2% compared to the same quarter last year.
Shares of Unum Group (NYSE:UNM) traded up 1.92% during mid-day trading on Tuesday, hitting $31.30. 1,621,542 shares of the company’s stock traded hands. Unum Group has a 1-year low of $23.02 and a 1-year high of $35.40. The stock’s 50-day moving average is $33.97 and its 200-day moving average is $32.11. The company has a market cap of $8.174 billion and a P/E ratio of 9.50.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Shareholders of record on Friday, January 31st will be given a dividend of 0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, January 29th.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Unum Group from $39.00 to $40.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Unum Group in a research note to investors on Monday, January 6th. They now have a $36.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Unum Group in a research note to investors on Friday, November 15th. They now have a $36.00 price target on the stock, up previously from $34.00. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Unum Group currently has an average rating of “Hold” and an average price target of $33.46.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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