Unum Group (UNM) Issues FY14 Earnings Guidance
Unum Group (NYSE:UNM) updated its FY14 earnings guidance on Wednesday. The company provided EPS guidance of $3.49-3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.53, Analyst Ratings Net reports.
A number of analysts have recently weighed in on UNM shares. Analysts at Zacks reiterated a neutral rating on shares of Unum Group in a research note on Monday, April 21st. They now have a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $33.83.
Shares of Unum Group (NYSE:UNM) traded up 1.57% on Wednesday, hitting $33.62. The stock had a trading volume of 1,224,419 shares. Unum Group has a 52 week low of $26.85 and a 52 week high of $36.30. The stock has a 50-day moving average of $34.19 and a 200-day moving average of $33.76. The company has a market cap of $8.723 billion and a P/E ratio of 10.25.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 million. During the same quarter last year, the company posted $0.80 earnings per share. Unum Group’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that Unum Group will post $3.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, May 16th. Shareholders of record on Monday, April 28th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, April 24th.
In other Unum Group news, CEO John Mcgarry sold 2,000 shares of the stock on the open market in a transaction dated Thursday, May 1st. The stock was sold at an average price of $33.20, for a total value of $66,400.00. Following the completion of the transaction, the chief executive officer now directly owns 58,582 shares in the company, valued at approximately $1,944,922. The sale was disclosed in a filing with the SEC, which is available at this link.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom.
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