Worth Watching Stock: Unum Group (NYSE: UNM)
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CHATTANOOGA, Tenn., January 18, 2019 – Shares of Unum Group (NYSE: UNM) inclined 1.20% to $29.49. The stock traded total volume of 160.560K shares lower than the average volume of 1.80M shares.
Unum Group (UNM) reported net income of $242.00M ($1.16 per diluted common share) for the third quarter of 2019, compared to a net loss of $284.70M ($1.30 per diluted common share) for the third quarter of 2018. Included in net income for the third quarter of 2019 are after-tax costs related to the early retirement of debt of $19.90M ($0.10 per diluted common share), as well as a net after-tax realized investment loss on the Company’s investment portfolio of $20.80M ($0.10 per diluted common share). Included in the net loss for the third quarter of 2018 is an after-tax reserve increase of $593.10M ($2.71 per diluted common share) in the long-term care product line of our Closed Block segment, as well as a net after-tax realized investment gain on the Company’s investment portfolio of $7.80M ($0.04 per diluted common share). Excluding the items above, after-tax adjusted operating income was $282.70M ($1.36 per diluted common share) in the third quarter of 2019, compared to $300.60M ($1.37 per diluted common share) in the third quarter of 2018.
Corporate Segment:
The Corporate segment reported an adjusted operating loss of $48.90M for the third quarter of 2019, which excludes the cost related to the early retirement of debt of $25.20M, compared to an adjusted operating loss of $47.10M for the third quarter of 2018.
OTHER INFORMATION
Shares Outstanding:
The Company’s weighted average number of shares outstanding, assuming dilution was 208.10M for the third quarter of 2019, compared to 218.90M for the third quarter of 2018. Shares outstanding totaled 206.20M at September 30, 2019. During the third quarter of 2019, the Company repurchased 3.40M shares at a cost of approximately $100.0M.
UNM has the market capitalization of $6.04B and its EPS growth ratio for the past five years was -5.70%. The return on assets ratio of the Company was 1.60% while its return on investment ratio stands at 6.00%. Price to sales ratio was 0.51.
