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Brokers Have Set FY2022 Earnings Expectations for Unum Group

Inc. The Unum Group Equity analysts at Jefferies Financial Group increased their forecasts for the shares of Unum Group’s FY2022 earnings per share in a research note sent to investors on Monday, November 21. S. Kamath, an analyst at Jefferies Financial Group, raised his earlier prediction of the financial services provider’s annual profits per share from $6.15 to $6.25. The consensus estimate for Unum Group’s annual earnings per share is $6.22. According to the forecast from Jefferies Financial Group, Unum Group would also earn $1.52 in the second quarter of 2023, $1.55 in the third, $1.59 in the fourth, $6.60 in the first fiscal year, and $7.15 in the second fiscal year of 2025.

The NYSE’s opening UNM traded for $41.55 on Wednesday. The company’s 50-day moving average is $41.87, and its 200-day moving average is $37.70. The company’s respective debt-to-equity, quick, and current ratios are 0.40, 0.30, and 0.30. The price ranges for Unum Group for the previous year were $22.25 and $46.64, respectively. The corporation is performing well, with a market value of $8.27 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 0.53, and a beta of 1.16.
Additionally, other research analysts have offered their perspectives on UNM. In a study released on October 12, StockNews.com first discussed Unum Group. They rated the stock as a “keep.” In a research report published on November 16, Citigroup decreased its target price for Unum Group from $42 to $41. A research note by Raymond James that started covering Unum Group was released on September 21. They rated the business as “market perform.” JPMorgan Chase & Co. raised their target price for Unum Group from $36.00 to $42.00 in a research note released on Friday, October 7, and gave the company a “neutral” rating.
Lastly, Barclays raised their Unum Group target price from $36.00 to $43.00 and rated the company as “underweight” in a research note released on Sunday, November 6. Ten stock market analysts recommended holding the stock, one suggested purchasing it, and one suggested offsetting the position. Unum Group now has a consensus price goal of $39.60 and an average rating of “Hold,” according to data from Bloomberg.
Additionally, the company just announced and distributed a quarterly dividend on Friday, November 18. On Friday, October 28, investors who had a record got a $0.33 dividend. The ex-dividend date for this dividend was October 27. This is equivalent to a $1.32 dividend with a 3.18% annual yield. Unum Group’s dividend payout ratio (DPR) is 22.37%.

In other Unum Group news, EVP Lisa G. Iglesias sold 20,000 shares of the company’s stock on August 25. $800,000 was paid for the shares or an average price of $40 per share. After the purchase, the executive vice president owns 56,814 company shares worth $2,272,560. You can access a document explaining the sale submitted to the Securities and Exchange Commission by clicking on this link. According to current Unum Group news, EVP Puneet Bhasin reportedly sold 10,725 shares of the company’s stock on Friday, November 18. A total of $440,046.75 was paid for the shares, with an average price of $41.03 being received.
As a consequence of the sale, the executive vice president now owns 57,217 company shares valued at $2,347,613.51. You can access a document explaining the sale submitted to the Securities and Exchange Commission by clicking on this link. In addition, EVP Lisa G. Iglesias sold 20,000 company stock on August 25. The stock was sold at an average price of $40 for a total transaction value of $800,000. Following the completion of the transaction, the executive vice president now directly owns 56,814 shares in the company, valued at $2,272,560. The disclosure for this sale is available here. Insiders generated a $3,088,355 by selling 76,125 company stock in the most recent quarter. Insiders hold 0.77% of the company’s shares.

Several hedge funds’ ownership stakes have changed recently. B. Riley Wealth Advisors Inc. spent almost $423,000 in the third quarter to increase its holdings of Unum Group shares. The Teachers Retirement System of the State of Kentucky increased its holdings in Unum Group during the third quarter, adding new shares to its portfolio totaling about $1,209,000. Glenmede Trust Co. NA grew its ownership of Unum Group by 4.1% during the third quarter. In the third quarter, Glenmede Trust Co. NA added 1,897 shares to its stock acquisitions, bringing its total to 48,584 shares, worth $1,884,000. Baird Financial Group Inc. grew its holdings in Unum Group shares by 6.4% during the third quarter. Baird Financial Group Inc. now directly owns 10,876 shares of the financial services provider’s company, valued at $422,000 (as of today’s trading), after acquiring an additional 656 shares during the most recent quarter. Finally, Kingsview Wealth Management LLC grew its ownership of Unum Group by 9.9% during the third quarter. Three months later, Kingsview Wealth Management LLC now owns 10,533 more shares of the $4,519,000 market cap company than it did three months ago. Institutions own 80.70 percent of the company’s shares.

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