|Bid||16.05 x 3000|
|Ask||17.25 x 2200|
|Day's Range||17.12 - 17.77|
|52 Week Range||9.58 - 31.32|
|Beta (5Y Monthly)||1.66|
|PE Ratio (TTM)||3.65|
|Earnings Date||Oct 27, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||1.14 (6.64%)|
|Ex-Dividend Date||Jul 30, 2020|
|1y Target Est||20.60|
With student loan debt topping more than $1.6 trillion nationwide, employee benefits provider Unum (NYSE: UNM) found a novel solution to help its employees pay some of those burdensome loans. Announced to employees in 2019, Unum's Student Debt Relief Program, managed by Fidelity Investments, allows the company's 9,500 U.S. employees to transfer up to 40 hours of carry-over paid time off (PTO) into a payment against student debt. In the first year of the program, the company paid $625,000 in student loan principal and estimated interest for participating employees, with an average payment of $1,200.
Net income for the second quarter of 2020 included net after-tax realized investment gains of $25.4 million and an after-tax impairment loss of $10 million on the right-of-use asset related to one of our operating leases on an office building, we do not plan to continue to occupy. Net income in the second quarter of 2019 included a net after-tax realized investment loss of $5.7 million.
Unum Group's (UNM) Q2 results reflect high mortality in group life, voluntary life, and long-term care due to the pandemic.