UNM has been the topic of several other reports. BidaskClub upgraded Unum Group from a sell rating to a hold rating in a report on Wednesday, June 14th. Deutsche Bank AG lifted their price objective on Unum Group from $46.00 to $48.00 and gave the stock a hold rating in a report on Wednesday, April 19th. Finally, Zacks Investment Research downgraded Unum Group from a buy rating to a hold rating in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. Unum Group has a consensus rating of Hold and a consensus target price of $45.10.
Shares of Unum Group (NYSE:UNM) opened at 47.80 on Wednesday. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 11.74 and a beta of 1.55. The company’s 50 day moving average is $45.81 and its 200-day moving average is $46.17. Unum Group has a 1-year low of $31.76 and a 1-year high of $50.27.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $1.00 by $0.02. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.84 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.54%. Unum Group’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. Equities analysts anticipate that Unum Group will post $4.10 earnings per share for the current fiscal year.
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Unum Group announced that its Board of Directors has authorized a share buyback plan on Thursday, May 25th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the financial services provider to purchase up to 7.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, July 31st will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.92%. This is an increase from Unum Group’s previous quarterly dividend of $0.20. Unum Group’s payout ratio is 19.61%.
In other news, EVP Michael Q. Simonds sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $46.61, for a total value of $233,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Breege A. Farrell sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $45.47, for a total value of $682,050.00. The disclosure for this sale can be found here. Insiders sold a total of 20,260 shares of company stock valued at $927,174 over the last quarter. Company insiders own 0.53% of the company’s stock.
Large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Unum Group by 1.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,434 shares of the financial services provider’s stock worth $114,000 after buying an additional 29 shares during the period. Crestwood Advisors Group LLC purchased a new stake in shares of Unum Group during the first quarter worth $150,000. Coastline Trust Co purchased a new stake in shares of Unum Group during the first quarter worth $202,000. Federated Investors Inc. PA increased its stake in shares of Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock worth $191,000 after buying an additional 4,346 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Unum Group by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,366 shares of the financial services provider’s stock worth $205,000 after buying an additional 134 shares during the period. Institutional investors and hedge funds own 93.02% of the company’s stock.
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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