Unum Group ($UNM) Stock Forecast: Down 5.7% Today

What is Unum Group?

Unum Group (UNM) is a company that provides financial protection benefits and services. They offer disability, life, and accident insurance products to individuals and businesses.

Why is Unum Group going down?

UNM stock is down 5.7% on Nov 2, 2023 14:05

• The bearish movement in UNM stock today can be attributed to the following factors:
• 1. Earnings Call Transcript: The Q3 2023 earnings call transcript suggests that investors may have been disappointed with the company's performance or outlook, leading to a sell-off in the stock.
• 2. Decreased Profit: The report of a fall in Q3 profit compared to the previous year could have negatively impacted investor sentiment and contributed to the bearish movement.
• 3. Missed Revenue Expectations: Unum Group's Q3 2023 revenue missed expectations by $20M. This could have raised concerns about the company's ability to generate sufficient revenue, leading to a decline in the stock price.
• 4. Mixed Earnings Results: While the non-GAAP EPS beat estimates by $0.03, the missed revenue and decreased profit may have overshadowed this positive aspect, causing investors to sell their shares.
• Overall, the bearish movement in UNM stock today can be attributed to disappointing earnings, decreased profit, and missed revenue expectations. These factors likely influenced investor sentiment and led to a decline in the stock price.

UNM Price Chart

UNM News

Unum Group (UNM) Q3 2023 Earnings Call Transcript

Unum Group (NYSE:NYSE:UNM) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ETCompany ParticipantsMatt Royal - Senior Vice President, Investor…

https://seekingalpha.com/article/4645919-unum-group-unm-q3-2023-earnings-call-transcript?feed_item_type=transcript

Unum Group ( UNM ) Q3 Earnings Top Estimates on Higher Premium

Unum Group (UNM) Q3 results reflect a continued strong operating performance, favorable claim incidence, premium growth and increased sales in the Colonial Life segment, partially offset by higher expenses.

https://www.zacks.com/stock/news/2176608/unum-group-unm-q3-earnings-top-estimates-on-higher-premium

Unum Group Reports Fall In Q3 Profit

WASHINGTON (dpa-AFX) - Unum Group (UNM) reported earnings for third quarter that decreased from last yearThe company''s bottom line came in at $202.0 million, or $1.02 per share. This compares with…

https://www.finanznachrichten.de/nachrichten-2023-10/60522920-unum-group-reports-fall-in-q3-profit-020.htm

Unum Non-GAAP EPS of $1.94 beats by $0.03, revenue of $3.09B misses by $20M

Unum Group (UNM) reported Q3 2023 results, with non-GAAP EPS beating estimates by $0.03. Revenue missed expectations by $20M.

https://seekingalpha.com/news/4027371-unum-non-gaap-eps-of-1_94-beats-0_03-revenue-of-3_09b-misses-20m?feed_item_type=news

Unum Group Reports Third Quarter 2023 Results

Net income of $202.0 million ($1.02 per diluted common share) for the third quarter of 2023; after-tax adjusted operating income was $381.7 million ($1.94 per diluted common share). Results reflect continued strong execution, positive underlying trends, and a favorable environment…

https://www.prnewswire.com/news-releases/unum-group-reports-third-quarter-2023-results-301973295.html

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Unum Group Price History

01.10.2023 - UNM Stock was down 7.3%

• The bearish movement in UNM stock today could be attributed to the following factors:
• 1. Decline in Q3 Profit: The reported fall in Q3 profit might have negatively impacted investor sentiment, leading to a bearish movement in the stock.
• 2. Revenue Miss: Despite beating non-GAAP EPS estimates, UNM's revenue fell short of expectations. This could have contributed to the bearish market movement.
• 3. Share Repurchase Program: The announcement of a new share repurchase program, while potentially positive in the long term, may have raised concerns among investors about the company's financial position and allocation of capital.
• 4. Overall Market Sentiment: It's also important to consider the broader market conditions and sentiment, as external factors can influence the movement of individual stocks. If the overall market was experiencing a bearish trend, it could have further contributed to the decline in UNM stock.