Unum Group (NYSE:UNM) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Unum Group (NYSE:UNM) posted its earnings results on Tuesday. The financial services provider reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11), Zacks reports. Unum Group had a net margin of 13.76% and a return on equity of 15.21%.

Unum Group Trading Down 0.4 %

NYSE:UNM traded down $0.32 on Tuesday, reaching $75.91. 1,257,337 shares of the company’s stock were exchanged, compared to its average volume of 1,048,404. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.08 and a beta of 0.80. The business has a fifty day moving average of $74.23 and a 200-day moving average of $64.84. Unum Group has a 52-week low of $46.64 and a 52-week high of $77.69.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 24th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, January 24th. This represents a $1.68 dividend on an annualized basis and a yield of 2.21%. Unum Group’s dividend payout ratio (DPR) is presently 18.18%.

Analysts Set New Price Targets

UNM has been the topic of a number of research analyst reports. BMO Capital Markets assumed coverage on shares of Unum Group in a research note on Thursday, January 23rd. They issued an “outperform” rating and a $91.00 price target on the stock. Truist Financial lifted their price target on Unum Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Morgan Stanley lifted their price target on Unum Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on shares of Unum Group from $91.00 to $96.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Evercore ISI upgraded shares of Unum Group from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Unum Group has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Insider Transactions at Unum Group

In other news, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the completion of the transaction, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at approximately $581,591.16. The trade was a 15.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Gerald Arnold sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the transaction, the executive vice president now directly owns 54,827 shares of the company’s stock, valued at $4,217,292.84. This trade represents a 15.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 102,914 shares of company stock valued at $7,677,945. 0.93% of the stock is currently owned by corporate insiders.

Unum Group Company Profile

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.