Equities analysts expect that Unum Group (NYSE:UNM) will announce $1.24 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Unum Group’s earnings, with estimates ranging from $1.19 to $1.27. Unum Group posted earnings of $1.02 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.6%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that Unum Group will report full-year earnings of $5.17 per share for the current year, with EPS estimates ranging from $5.05 to $5.25. For the next year, analysts expect that the company will report earnings of $5.54 per share, with EPS estimates ranging from $5.40 to $5.65. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Unum Group.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share.

A number of equities research analysts have recently commented on the stock. B. Riley upgraded shares of Unum Group from a “neutral” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, February 13th. SunTrust Banks reiterated a “buy” rating and issued a $69.00 target price on shares of Unum Group in a research report on Thursday, January 11th. Langen Mcalenn reiterated a “neutral” rating on shares of Unum Group in a research report on Tuesday, January 16th. Deutsche Bank initiated coverage on shares of Unum Group in a report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 price objective for the company. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $52.00 price objective on shares of Unum Group in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Unum Group has an average rating of “Hold” and an average target price of $56.73.

Shares of Unum Group (NYSE UNM) traded down $0.72 during midday trading on Friday, hitting $51.26. 1,928,862 shares of the stock were exchanged, compared to its average volume of 1,958,149. The firm has a market capitalization of $11,648.11, a PE ratio of 11.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. Unum Group has a 1-year low of $43.55 and a 1-year high of $58.73.

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, January 29th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.79%. The ex-dividend date was Friday, January 26th. Unum Group’s dividend payout ratio (DPR) is presently 21.00%.

In other Unum Group news, EVP Michael Q. Simonds sold 5,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $52.09, for a total transaction of $260,450.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $55.07, for a total transaction of $55,070.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,047 shares of company stock valued at $1,046,303. 0.53% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new stake in shares of Unum Group during the fourth quarter worth about $125,000. Pinebridge Investments L.P. lifted its position in shares of Unum Group by 160.9% during the fourth quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 1,807 shares in the last quarter. Invictus RG acquired a new stake in Unum Group in the third quarter valued at approximately $176,000. Lakeview Capital Partners LLC acquired a new stake in Unum Group in the fourth quarter valued at approximately $206,000. Finally, First City Capital Management Inc. acquired a new stake in Unum Group in the fourth quarter valued at approximately $207,000. 90.16% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This article was first posted by Week Herald and is the property of of Week Herald. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://weekherald.com/2018/02/22/1438382.html.

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.

Get a free copy of the Zacks research report on Unum Group (UNM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply