Unum Group (UNM) Earning Positive News Coverage, Analysis Shows
Media coverage about Unum Group (NYSE:UNM) has been trending positive on Wednesday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Unum Group earned a news sentiment score of 0.47 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.2814348550086 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s rankings:
- Unum Group (NYSE:UNM) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
- BidaskClub Upgrades Unum Group (UNM) to “Strong-Buy” (americanbankingnews.com)
- Barclays PLC Boosts Unum Group (NYSE:UNM) Price Target to $57.00 (americanbankingnews.com)
- Unum Group (NYSE:UNM) Traded Well Above Its 50 Day Moving Average (highlightpress.com)
- See what the IHS Markit Score report has to say about Unum Group. (finance.yahoo.com)
Unum Group (UNM) opened at 50.06 on Wednesday. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 12.06 and a beta of 1.56. The company has a 50 day moving average price of $48.53 and a 200-day moving average price of $47.15. Unum Group has a 52 week low of $33.82 and a 52 week high of $51.43.
Unum Group (NYSE:UNM) last issued its earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the company posted $1.00 EPS. Equities analysts predict that Unum Group will post $4.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, July 31st will be paid a dividend of $0.23 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.20. This represents a $0.92 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, July 27th. Unum Group’s payout ratio is currently 22.17%.
Unum Group declared that its Board of Directors has approved a stock buyback program on Thursday, May 25th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the financial services provider to repurchase up to 7.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
UNM has been the subject of several research reports. Barclays PLC increased their price objective on Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. BidaskClub raised Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. Royal Bank Of Canada reissued a “hold” rating on shares of Unum Group in a research report on Wednesday, July 12th. Finally, Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a research report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Unum Group currently has an average rating of “Hold” and an average target price of $46.78.
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In other news, Director Gloria C. Larson sold 2,460 shares of Unum Group stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total transaction of $123,565.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Breege A. Farrell sold 15,000 shares of Unum Group stock in a transaction that occurred on Friday, June 23rd. The stock was 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 have sold a total of 19,960 shares of company stock valued at $932,391 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.
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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