Equities analysts forecast that Unum Group (NYSE:UNM) will report $2.85 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Unum Group’s earnings. The highest sales estimate is $2.87 billion and the lowest is $2.81 billion. Unum Group reported sales of $2.77 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.9%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 7th.
On average, analysts expect that Unum Group will report full year sales of $2.85 billion for the current year, with estimates ranging from $11.23 billion to $11.31 billion. For the next year, analysts forecast that the firm will report sales of $11.57 billion per share, with estimates ranging from $11.47 billion to $11.66 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Unum Group.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.05. The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 EPS.
Several brokerages have weighed in on UNM. BidaskClub raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Wells Fargo & Company set a $48.00 price target on shares of Unum Group and gave the company a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $56.00 price target for the company in a research report on Monday, July 31st. SunTrust Banks, Inc. reissued a “buy” rating and set a $58.00 price target on shares of Unum Group in a research report on Wednesday, September 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $52.00 target price on shares of Unum Group in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Unum Group presently has a consensus rating of “Hold” and a consensus price target of $51.18.
In related news, Director E Michael Caulfield sold 3,814 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. BB&T Investment Services Inc. bought a new position in shares of Unum Group in the 2nd quarter worth about $100,000. Jacobi Capital Management LLC bought a new position in shares of Unum Group in the 2nd quarter worth about $159,000. Huntington National Bank increased its stake in shares of Unum Group by 25.8% in the 2nd quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 700 shares in the last quarter. Schulhoff & Co. Inc. bought a new position in shares of Unum Group in the 3rd quarter worth about $204,000. Finally, Gotham Asset Management LLC bought a new position in shares of Unum Group in the 1st quarter worth about $208,000. Institutional investors own 93.26% of the company’s stock.
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Shares of Unum Group (NYSE:UNM) opened at $52.46 on Monday. The firm has a market cap of $11,771.45, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 1.77 and a beta of 1.65. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a 12-month low of $35.79 and a 12-month high of $53.15.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, October 30th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. Unum Group’s dividend payout ratio is 21.60%.
About Unum Group
Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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