Unum Group (UNM) to Release Quarterly Earnings on Wednesday
Unum Group (NYSE:UNM) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $1.03 per share for the quarter.
Unum Group (NYSE:UNM) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period in the prior year, the business earned $1.00 EPS. On average, analysts expect Unum Group to post $4.17 EPS for the current fiscal year and $4.40 EPS for the next fiscal year.
Shares of Unum Group (NYSE UNM) opened at 52.00 on Wednesday. Unum Group has a 12-month low of $34.83 and a 12-month high of $52.75. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 12.52 and a beta of 1.59. The firm’s 50-day moving average is $49.84 and its 200-day moving average is $47.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, October 30th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.77%. Unum Group’s dividend payout ratio (DPR) is 22.17%.
A number of research analysts have weighed in on the stock. BidaskClub cut shares of Unum Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Barclays PLC lifted their price target on shares of Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Unum Group in a research report on Wednesday, July 12th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. Finally, Zacks Investment Research cut shares of Unum Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $51.33.
In other news, Director Pamela H. Godwin sold 2,500 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gloria C. Larson sold 2,460 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total transaction of $123,565.80. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
About Unum Group
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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