Unum Group (NYSE: UNM) May Be Attracting Institutional Investments

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. Recently, Yahoo Finance discussed the stock, revealing that Unum Care Hub will help employers provide support for top leave and disability drivers.

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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. The current market capitalization of Unum Group is $9.98B. A total of 4.58 million shares were traded on the day, compared to an average of 1.43M shares.

In the most recent transaction, Zabel Steven Andrew sold 10,000 shares of UNM for 51.06 per share on Mar 13 ’24. After the transaction, the EVP, Chief Financial Officer now owns 122,246 company shares. In a previous transaction on Mar 05 ’24, IGLESIAS LISA G sold 16,000 shares at 50.00 per share. UNM shares that EVP, General Counsel owns now total 40,840.

Among the insiders who sold shares, McKenney Richard P disposed of 50,000 shares on Mar 01 ’24 at a per-share price of $49.15. This resulted in the President and CEO holding 1,076,753 shares of UNM after the transaction. In another insider transaction, Ahmed Elizabeth Claire sold 5,000 shares at $50.00 per share on Feb 23 ’24. Company shares held by the EVP, People & Communications now total 55,450.

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 $1.43, resulting in a dividend yield of 2.73%, and it has a price to earnings (P/E) ratio of 8.02. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $1.98 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.02 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

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 $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

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, 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 4.08.

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