Unum Group (UNM) Performance and Fundamentals Dashboard tells a completely different story

Unum Group (NYSE: UNM) stock jumped 0.33% on Friday to $40.06 against a previous-day closing price of $39.93. With 1.39 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.64 million shares. During the session, the Insurance – Life company that operates in wider Financial sector, reached to the highest price of $40.28 whereas the lowest price it dropped to was $39.61. The 52-week range on UNM shows that it touched its highest point at $41.13 and its lowest point at $22.25 during that stretch. It currently has a 1-year price target of $39.00. With its current market cap of 8.15 billion, UNM has annualized dividend of $1.32 while the current yield stands at 3.30%. Beta for the stock currently stands at 1.17.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of UNM was down-trending over the past week, with a drop of -1.57%, but this was up by 2.56% over a month. Three-month performance surged to 23.60% while six-month performance rose 32.47%. The stock gained 69.67% in the past year, while it has gained 63.04% so far this year. A look at the trailing 12-month EPS for UNM yields 5.46 with Next year EPS estimates of 6.16. For the next quarter, that number is 1.41. This implies an EPS growth rate of 3.40% for this year and 0.37% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.40%.

Float and Shares Shorts:

At present, 201.15 million UNM shares are outstanding with a float of 198.46 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.64 million, which was 1.81% higher than short shares on Jun 14, 2022. In addition to Mr. Richard Paul McKenney as the firm’s Pres, CEO & Director, Mr. Steven Andrew Zabel serves as its Exec. VP, Interim Principal Accounting Officer & CFO.

Institutional Ownership:

Through their ownership of 89.20% of UNM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.54% of UNM, in contrast to 35.81% held by mutual funds. Shares owned by individuals account for 19.85%. As the largest shareholder in UNM with 10.34% of the stake, BlackRock Fund Advisors holds 20,677,952 shares worth 20,677,952. A second-largest stockholder of UNM, The Vanguard Group, Inc., holds 19,732,199 shares, controlling over 9.87% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in UNM, holding 17,970,748 shares or 8.99% stake. With a 6.90% stake in UNM, the Fidelity Low Priced Stock Fund is the largest stakeholder. A total of 13,790,692 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.96% of UNM stock, is the second-largest Mutual Fund holder. It holds 5,918,096 shares valued at 224.0 million. Vanguard Total Stock Market Index holds 2.53% of the stake in UNM, owning 5,059,237 shares worth 191.49 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for UNM since 14 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 11 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With UNM analysts setting a high price target of $48.00 and a low target of $34.00, the average target price over the next 12 months is $39.15. Based on these targets, UNM could surge 19.82% to reach the target high and fall by -15.13% to reach the target low. Reaching the average price target will result in a decline of -2.27% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. UNM will report FY 2022 earnings on 02/01/2023. Analysts have provided yearly estimates in a range of $6.24 being high and $5.97 being low. For UNM, this leads to a yearly average estimate of $6.14. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Unum Group surprised analysts by $0.69 when it reported $1.91 EPS against a consensus estimate of $1.22. The surprise factor in the prior quarter was $0.57. Based on analyst estimates, the high estimate for the next quarter is $1.47 and the low estimate is $1.29. The average estimate for the next quarter is thus $1.41.

Summary of Insider Activity:

Insiders traded UNM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 39 while that of sell transactions has risen to 62 over the past year. The total number of shares bought during that period was 502,037 while 289,798 shares were sold.

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