Zacks Research Predicts Unum Group’s Q2 Earnings (NYSE:UNM)

Unum Group (NYSE:UNMFree Report) – Equities researchers at Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for Unum Group in a research report issued on Wednesday, January 28th. Zacks Research analyst Team now expects that the financial services provider will post earnings of $2.44 per share for the quarter, down from their previous forecast of $2.46. The consensus estimate for Unum Group’s current full-year earnings is $9.14 per share.

A number of other research firms have also recently commented on UNM. Evercore ISI boosted their price target on shares of Unum Group from $96.00 to $99.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Wells Fargo & Company upped their target price on shares of Unum Group from $98.00 to $104.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Citigroup reissued a “market perform” rating on shares of Unum Group in a research note on Thursday, December 18th. Morgan Stanley set a $85.00 price target on Unum Group in a research note on Monday, December 15th. Finally, JPMorgan Chase & Co. cut their price objective on Unum Group from $94.00 to $92.00 and set a “neutral” rating for the company in a report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Unum Group has a consensus rating of “Moderate Buy” and a consensus price target of $97.08.

Get Our Latest Analysis on UNM

Unum Group Stock Down 0.5%

Shares of NYSE UNM opened at $75.92 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $77.03 and a 200-day moving average of $75.60. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.36 and a beta of 0.20. Unum Group has a 12 month low of $66.81 and a 12 month high of $84.48.

Unum Group (NYSE:UNMGet Free Report) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.06). The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Unum Group had a net margin of 6.99% and a return on equity of 13.09%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 EPS.

Institutional Investors Weigh In On Unum Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC bought a new stake in Unum Group in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Unum Group during the second quarter worth about $30,000. Triumph Capital Management bought a new stake in shares of Unum Group in the third quarter worth about $31,000. Ancora Advisors LLC increased its holdings in Unum Group by 385.2% during the 3rd quarter. Ancora Advisors LLC now owns 427 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 339 shares during the period. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in Unum Group by 44.0% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 537 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 164 shares during the period. 86.57% of the stock is currently owned by institutional investors.

Insider Activity at Unum Group

In other Unum Group news, EVP Christopher W. Pyne sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $78.04, for a total value of $312,160.00. Following the completion of the sale, the executive vice president owned 51,372 shares in the company, valued at approximately $4,009,070.88. The trade was a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Walter Lynn Rice, Jr. sold 900 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $73.50, for a total value of $66,150.00. Following the sale, the chief accounting officer directly owned 8,940 shares of the company’s stock, valued at approximately $657,090. This trade represents a 9.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,400 shares of company stock worth $951,160 in the last ninety days. 0.92% of the stock is owned by company insiders.

Unum Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 30th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, January 30th. Unum Group’s payout ratio is 35.87%.

Unum Group announced that its board has authorized a stock repurchase program on Thursday, December 4th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 8.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

More Unum Group News

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About Unum Group

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Unum Group (NYSE: UNM) is a leading provider of employee benefits in the United States and selected international markets, specializing in disability, life, accident and critical illness insurance. Through both fully insured and self-funded arrangements, the company offers group coverage designed to protect income and mitigate financial hardship for employees and their families. Its portfolio includes short-term and long-term disability plans, group life and accidental death & dismemberment (AD&D) policies, as well as critical illness and hospital indemnity products.

In addition to its core product lines, Unum Group markets voluntary benefits under its Colonial Life brand, allowing employees to purchase supplemental insurance such as accident, cancer, and dental coverage directly through payroll deductions.

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Earnings History and Estimates for Unum Group (NYSE:UNM)

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