Unum Group (UNM) to Release Earnings on Thursday
Unum Group (NYSE:UNM) will be posting its quarterly earnings results after the market closes on Thursday, July 27th. Analysts expect Unum Group to post earnings of $1.01 per share for the quarter.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.02. Unum Group had a net margin of 8.54% and a return on equity of 10.23%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. On average, analysts expect Unum Group to post $4.10 EPS for the current fiscal year and $4.35 EPS for the next fiscal year.
Shares of Unum Group (UNM) opened at 48.14 on Thursday. The firm’s 50-day moving average is $46.54 and its 200-day moving average is $46.51. The firm has a market cap of $10.99 billion, a P/E ratio of 11.82 and a beta of 1.55. Unum Group has a 1-year low of $32.05 and a 1-year high of $50.27.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 31st will be given a dividend of $0.23 per share. This is a boost from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $0.92 annualized dividend and a yield of 1.91%. Unum Group’s dividend payout ratio (DPR) is presently 19.61%.
Unum Group declared that its board has authorized a stock repurchase program on Thursday, May 25th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 7.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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In related news, EVP Breege A. Farrell sold 15,000 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of $45.47, for a total value of $682,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $46.61, for a total value of $233,050.00. The disclosure for this sale can be found here. Insiders sold 20,260 shares of company stock worth $927,174 in the last 90 days. 0.53% of the stock is owned by company insiders.
Several research firms have weighed in on UNM. BidaskClub upgraded Unum Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research cut Unum Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Royal Bank Of Canada restated a “hold” rating on shares of Unum Group in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG raised their price target on Unum Group from $46.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Unum Group presently has an average rating of “Hold” and an average price target of $45.10.
Unum Group Company Profile
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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