Unum Group (NYSE:UNM) Issues FY 2024 Earnings Guidance

Unum Group (NYSE:UNM - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 8.200-8.350 for the period, compared to the consensus EPS estimate of 8.160. The company issued revenue guidance of -. Unum Group also updated its FY24 guidance to $8.20-8.35 EPS.

Unum Group Trading Down 0.6 %

Shares of Unum Group stock traded down $0.32 during trading hours on Tuesday, hitting $50.69. The company's stock had a trading volume of 1,462,433 shares, compared to its average volume of 1,389,633. Unum Group has a twelve month low of $40.04 and a twelve month high of $54.57. The firm has a fifty day moving average of $51.38 and a 200-day moving average of $47.66. The stock has a market cap of $9.73 billion, a price-to-earnings ratio of 7.86, a P/E/G ratio of 1.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.27 and a current ratio of 0.27.

Unum Group (NYSE:UNM - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $1.79 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.07). Unum Group had a net margin of 10.36% and a return on equity of 16.03%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the company earned $1.43 EPS. The business's revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts forecast that Unum Group will post 8.18 EPS for the current year.

Unum Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, April 26th will be issued a $0.365 dividend. The ex-dividend date is Thursday, April 25th. This represents a $1.46 annualized dividend and a dividend yield of 2.88%. Unum Group's dividend payout ratio is presently 22.50%.

Analyst Upgrades and Downgrades

UNM has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on Unum Group from $64.00 to $66.00 and gave the company an overweight rating in a report on Thursday, April 11th. JPMorgan Chase & Co. boosted their price objective on Unum Group from $56.00 to $58.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. StockNews.com upgraded Unum Group from a hold rating to a buy rating in a report on Wednesday, January 31st. The Goldman Sachs Group upped their price target on Unum Group from $47.00 to $52.00 and gave the stock a neutral rating in a report on Wednesday, January 31st. Finally, Morgan Stanley upped their price target on Unum Group from $50.00 to $52.00 and gave the stock an equal weight rating in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $56.38.

Insider Activity

In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Elizabeth Claire Ahmed sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the executive vice president now owns 55,450 shares in the company, valued at approximately $2,772,500. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Steven Andrew Zabel sold 10,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $51.06, for a total value of $510,600.00. Following the completion of the transaction, the chief financial officer now owns 122,246 shares in the company, valued at approximately $6,241,880.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,000 shares of company stock worth $4,018,100. 0.93% of the stock is currently owned by insiders.

About Unum Group

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.

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