News stories about Unum Group (NYSE:UNM) have trended positive on Saturday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Unum Group earned a news sentiment score of 0.38 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.2042797746187 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Unum Group (UNM) CEO Rick McKenney Presents at Barclays 2017 Financial Services Conference – Transcript (seekingalpha.com)
- Zacks Investment Research Downgrades Unum Group (UNM) to Hold (americanbankingnews.com)
- Analyzing Unum Group (UNM) and its Peers (americanbankingnews.com)
- Unum Group (UNM) versus Prudential Public Limited (PUK) Critical Survey (americanbankingnews.com)
- Zacks Investment Research Upgrades Unum Group (UNM) to Buy (americanbankingnews.com)
UNM has been the topic of several research analyst reports. BidaskClub upgraded Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Wednesday, June 28th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Unum Group in a report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Unum Group has a consensus rating of “Hold” and an average price target of $46.56.
Shares of Unum Group (NYSE:UNM) traded up 0.77% during midday trading on Friday, reaching $48.43. The company’s stock had a trading volume of 1,962,278 shares. The firm’s 50 day moving average is $48.87 and its 200 day moving average is $47.23. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 11.66 and a beta of 1.57. Unum Group has a 52 week low of $33.98 and a 52 week high of $51.43.
Unum Group (NYSE:UNM) last issued its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period in the prior year, the firm earned $1.00 earnings per share. Equities analysts forecast that Unum Group will post $4.17 EPS for the current fiscal year.
Unum Group announced that its board has approved a stock buyback plan on Thursday, May 25th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 7.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, July 31st were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.90%. This is a boost from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 27th. Unum Group’s dividend payout ratio is currently 22.17%.
In other news, Director Pamela H. Godwin sold 2,500 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Breege A. Farrell sold 15,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $45.47, for a total transaction of $682,050.00. The disclosure for this sale can be found here. Insiders have sold 19,960 shares of company stock worth $932,391 over the last three months. 0.53% of the stock is owned by insiders.
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About Unum Group
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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