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Monday, June 5, 2023

The Street Is Finally Waking Up To Unum Group (NYSE: UNM)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Unum Group (UNM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.10, or -0.24%, to $42.10. The Unum Group has recorded 25,998 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Unum Group Releases 2022 ESG Report.

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Stocks Info

Unum Group is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Life industry. At the end of the last regular session, the stock closed at $42.20 and fluctuated between $42.48 as its day high and $40.97 as its day low. The current market capitalization of Unum Group is $8.15B. A total of 1.57 million shares were traded on the day, compared to an average of 1.83M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, UNM has seen 22 BUY and 46 SELL insider trades, representing the acquisition of 676,062 and the disposition of 325,118 shares. Over the last 12 months, there were 38 BUYs and 54 SELLs from insiders. Insiders purchased 741,879 shares during that period but sold 428,983.

In the most recent transaction, LARSON GLORIA C bought 3,270 shares of UNM for 39.78 per share on Mar 14. After the transaction, the Director now owns 119,846 company shares. In a previous transaction on Mar 03, IGLESIAS LISA G sold 10,028 shares at 45.28 per share. UNM shares that EVP, General Counsel owns now total 53,305.

Among the insiders who sold shares, IGLESIAS LISA G disposed of 14,972 shares on Mar 02 at a per-share price of $45.02. This resulted in the EVP, General Counsel holding 63,333 shares of UNM after the transaction. In another insider transaction, Bhasin Puneet sold 10,725 shares at $41.03 per share on Nov 18. Company shares held by the EVP, Chief Info & Digital Off. now total 57,217.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Unum Group pays an annual dividend of $1.32, resulting in a dividend yield of 3.13%, and it has a price to earnings (P/E) ratio of 6.49. UNM’s most recent ex-dividend date was 4/27/2023 when it declared a $0.33 quarterly dividend that was paid in cash on 5/19/2023. Previously, the company paid the dividend on 2/17/2023 with an ex-dividend date of 1/26/2023. The UNM stock dividend was $0.33 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for UNM in the last 3 months, the mean price target is $48.93 with high estimates of $57.00 and low estimates of $41.00. In terms of 52-week highs and lows, UNM has a high of $46.64 and a low of $30.21.

As of this writing, UNM has an earnings estimate of $1.66 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.73 per share and a lower estimate of $1.56. The company reported an EPS of $1.51 in the last quarter, which was 7.10% higher than expectations of $1.41.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. UNM’s latest balance sheet shows that the firm has $1.46B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $46.26, while its Total Shareholder’s Equity was $11.42B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for UNM is Underweight with a score of 3.85. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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