Analysts Point To Unum Group (NYSE: UNM) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Unum Group to present at the 2024 UBS Financial Services Conference.

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Stocks Info

As a NYSE listed company, UNM falls under the Financial sector while operating within the Insurance – Life industry segment. The current market capitalization of Unum Group is $9.46B. A total of 1.01 million shares were traded on the day, compared to an average of 1.37M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, UNM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 45 SELLs from insiders. Insiders purchased 281,274 shares during that period but sold 229,592.

In the most recent transaction, Bhasin Puneet sold 8,188 shares of UNM for 42.39 per share on Nov 29. After the transaction, the EVP, Chief Info & Digital Off. now owns 54,318 company shares. In a previous transaction on Aug 15, Pyne Christopher W sold 3,750 shares at 49.02 per share. UNM shares that EVP, Group Benefits owns now total 46,334.

Among the insiders who sold shares, Arnold Timothy Gerald disposed of 20,000 shares on Aug 03 at a per-share price of $50.00. This resulted in the EVP, VB & President, Colonial holding 72,061 shares of UNM after the transaction. In another insider transaction, Arnold Timothy Gerald sold 10,000 shares at $45.00 per share on Jun 02. Company shares held by the EVP, VB & President, Colonial now total 92,053.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Unum Group pays an annual dividend of $1.43, resulting in a dividend yield of 2.88%, and it has a price to earnings (P/E) ratio of 7.61. UNM’s most recent ex-dividend date was 1/25/2024 when it declared a $0.3650 quarterly dividend that was paid in cash on 2/16/2024. Previously, the company paid the dividend on 11/17/2023 with an ex-dividend date of 10/26/2023. The UNM stock dividend was $0.3650 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for UNM in the last 3 months, the mean price target is $57.20 with high estimates of $64.00 and low estimates of $50.00. In terms of 52-week highs and lows, UNM has a high of $52.15 and a low of $36.27.

As of this writing, UNM has an earnings estimate of $1.99 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $2.07 per share and a lower estimate of $1.94. The company reported an EPS of $1.94 in the last quarter, which was 1.00% higher than expectations of $1.92.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. UNM’s latest balance sheet shows that the firm has $44.80B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $49.91, while its Total Shareholder’s Equity was $11.42B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.00.

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