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Last $36.85 USD
Change Today -0.10 / -0.27%
Volume 1.4M
As of 8:04 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

unum group (UNM) Key Developments

Unum Group Announces Quarterly Dividend, Payable on August 21, 2015

Unum Group declared a quarterly dividend of $0.185 per share on its common stock, up from the $0.165 per share dividend paid in the previous quarter. This dividend is payable on August 21 to stockholders of record on July 31.

Unum Group Announces Executive Appointments

Unum announced that it has appointed Marco Forato in the new role of senior vice president for global growth strategy. In addition, Steve Mitchell has been named chief financial officer for Unum’s U.S. businesses, Steve Zabel is the new president of the U.S. closed block operations, and Matt Royal has been promoted to chief risk officer for Unum Group. In his new role, Forato will work closely with Unum’s senior leadership team to identify and pursue new markets and business channels in the U.S. and the U.K. Prior to his promotion, Forato was chief marketing officer for Unum UK. Based in Portland, Maine, Mitchell will oversee the capital structure and financing of Unum’s U.S. businesses. Most recently, Mitchell was president of Unum’s closed block operations. As the new president of Unum’s closed block operations, Zabel will oversee the business division that includes long term care and individual disability policies that Unum no longer sells but continues to support. Before joining Unum in 2013 as senior vice president and chief risk officer, Zabel held leadership roles at Genworth. As chief risk officer for Unum Group, Royal will be responsible for assessing and mitigating risk factors across the company. Royal joined Unum in 2013 as chief auditor. Previously he worked at KPMG and Marsh, where he managed audit and insurance advisory services.

Unum Group Announces Executive Changes

Unum Group appointed president Richard P. McKenney as its new CEO, succeeding Thomas Watjen who announced his resignation as CEO at May 21, 2015 annual shareholders' meeting. The company said Watjen will stay active with the company as he starts a two-year term as board chairman, succeeding William Ryan who was appointed lead independent director.

Unum Group Announces Quarterly Dividend

Unum Group announced that its board of directors has authorized an increase of 12% in the quarterly dividend paid on its common stock. The new rate of 18.5 cents per common share, or 74 cents per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2015. The new quarterly dividend represents a 147% increase from the 7.5 cents per share.

Unum Group Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015

Unum Group reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenue of $2,647.4 million compared with $2,614.4 million for the same period last year. Operating income was $321.3 million compared with $324.9 million for the same period last year. Net income was $212.9 million or $0.84 diluted per share compared with $225.8 million or $0.86 diluted per share for the same period last year. Book value per common share as of March 31, 2015 was $34.82, compared to $34.68 at March 31, 2014. The company noted that after-tax operating income, which excludes after-tax realized investment gains and losses on the company's investment portfolio and the amortization of prior period actuarial losses on the company's pension plans, was $224.8 million or $0.89 per diluted common share in the first quarter of 2015, compared to $222.6 million or $0.85 per diluted common share in the first quarter of 2014. The combined impact of realized investment gains and losses and the amortization of prior period actuarial losses resulted in a net after-tax loss of $11.9 million or $0.05 per diluted common share for the first quarter of 2015, compared to a net after-tax gain of $3.2 million or $0.01 per diluted common share in the first quarter of 2014. The company anticipates growth in after-tax operating earnings per share for full-year 2015 to be in the outlook range announced in December 2014 of 2% to 5%.

 

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UNM

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Valuation UNM Industry Range
Price/Earnings 23.5x
Price/Sales 0.9x
Price/Book 1.1x
Price/Cash Flow 23.0x
TEV/Sales 0.5x
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