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

Unum Group (NYSE:UNM) posted its quarterly earnings data on Tuesday. The financial services provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates 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 Stock Down 0.4 %

Shares of NYSE:UNM traded down $0.32 during trading on Tuesday, reaching $75.91. The stock had a trading volume of 1,257,337 shares, compared to its average volume of 1,048,404. Unum Group has a one year low of $46.64 and a one year high of $77.69. The company has a market capitalization of $13.86 billion, a P/E ratio of 8.21, a PEG ratio of 1.08 and a beta of 0.80. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $74.23 and its 200 day simple moving average is $64.84.

Unum Group Announces Dividend

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

Wall Street Analyst Weigh In

UNM has been the topic of a number of analyst reports. 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 research report on Tuesday, December 10th. BMO Capital Markets initiated coverage on shares of Unum Group in a research report on Thursday, January 23rd. They set an “outperform” rating and a $91.00 price objective on the stock. Truist Financial boosted their price objective on shares of Unum Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Unum Group from $74.00 to $81.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. 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 research 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 a consensus rating of “Moderate Buy” and a consensus price target of $79.00.

Insider Activity

In other Unum Group news, CEO Richard P. Mckenney sold 58,865 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.39, for a total transaction of $4,437,832.35. Following the completion of the transaction, the chief executive officer now directly owns 1,007,003 shares of the company’s stock, valued at approximately $75,917,956.17. This trade represents a 5.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Walter Lynn Rice, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $69.56, for a total transaction of $104,340.00. Following the transaction, the chief accounting officer now directly owns 8,361 shares of the company’s stock, valued at $581,591.16. This represents a 15.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,914 shares of company stock worth $7,677,945. Corporate insiders own 0.93% of the company’s stock.

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.