3 days Ago By ABMN Staff
Unum Group ( NYSE:UNM – Free Report ) – Stock analysts at Zacks Research lifted their Q3 2024 EPS estimates for Unum Group in a report released on Thursday, September 12th. Zacks Research analyst D. Chatterjee now forecasts that the financial services provider will post earnings per share of $2.
08 for the quarter, up from their previous estimate of $2.05. The consensus estimate for Unum Group’s current full-year earnings is $8.
50 per share. Zacks Research also issued estimates for Unum Group’s Q4 2024 earnings at $2.10 EPS and FY2024 earnings at $8.
46 EPS. A number of other equities analysts have also weighed in on UNM. Truist Financial upped their target price on shares of Unum Group from $62.
00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group increased their target price on Unum Group from $63.
00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Barclays began coverage on shares of Unum Group in a research note on Wednesday, September 4th.
They issued an “overweight” rating and a $73.00 price objective for the company. Wells Fargo & Company raised their price target on Unum Group from $66.
00 to $69.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, Citigroup lifted their price target on shares of Unum Group from $62.
00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.90.
Unum Group Trading Up 1.0 % Shares of Unum Group stock opened at $55.02 on Monday.
The company has a fifty day moving average of $53.90 and a 200 day moving average of $52.42.
Unum Group has a fifty-two week low of $41.75 and a fifty-two week high of $58.17.
The company has a market capitalization of $10.22 billion, a P/E ratio of 8.18, a P/E/G ratio of 0.
80 and a beta of 0.77. The company has a debt-to-equity ratio of 0.
33, a quick ratio of 0.28 and a current ratio of 0.28.
Unum Group ( NYSE:UNM – Get Free Report ) last released its earnings results on Tuesday, July 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.
02 by $0.14. The company had revenue of $3.
23 billion during the quarter, compared to analyst estimates of $3.23 billion. Unum Group had a net margin of 10.
40% and a return on equity of 15.55%. The firm’s quarterly revenue was up 3.
9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 EPS.
Unum Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 30th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 10% of its stock through open market purchases.
Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued. Unum Group Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, July 26th were given a $0.
42 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.
68 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from Unum Group’s previous quarterly dividend of $0.
37. Unum Group’s payout ratio is presently 24.96%.
Insider Activity at Unum Group In related news, CEO Richard P. Mckenney sold 67,795 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.
98, for a total value of $3,727,369.10. Following the completion of the transaction, the chief executive officer now directly owns 1,065,868 shares of the company’s stock, valued at approximately $58,601,422.
64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other Unum Group news, EVP Timothy Gerald Arnold sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th.
The stock was sold at an average price of $54.11, for a total value of $541,100.00.
Following the completion of the transaction, the executive vice president now directly owns 64,821 shares of the company’s stock, valued at $3,507,464.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
Also, CEO Richard P. Mckenney sold 67,795 shares of Unum Group stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.
98, for a total transaction of $3,727,369.10. Following the completion of the transaction, the chief executive officer now directly owns 1,065,868 shares of the company’s stock, valued at approximately $58,601,422.
64. The disclosure for this sale can be found here . 0.
93% of the stock is currently owned by corporate insiders. Hedge Funds Weigh In On Unum Group A number of hedge funds have recently bought and sold shares of UNM. Newbridge Financial Services Group Inc.
acquired a new stake in shares of Unum Group in the second quarter valued at about $133,000. Sanctuary Advisors LLC purchased a new stake in shares of Unum Group in the 2nd quarter valued at approximately $1,141,000. Cetera Investment Advisers grew its position in Unum Group by 9.
5% in the second quarter. Cetera Investment Advisers now owns 36,132 shares of the financial services provider’s stock worth $1,847,000 after acquiring an additional 3,143 shares during the period. Newport Capital Group LLC acquired a new stake in Unum Group during the second quarter worth $449,000.
Finally, William B. Walkup & Associates Inc. purchased a new stake in Unum Group in the second quarter valued at $44,000.
Hedge funds and other institutional investors own 86.57% of the company’s stock. Unum Group Company Profile ( Get Free Report ) Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally.
It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products. Featured Stories Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.
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