Wall Street analysts expect that Unum Group (NYSE:UNM) will report sales of $2.85 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Unum Group’s earnings, with the lowest sales estimate coming in at $2.81 billion and the highest estimate coming in at $2.87 billion. Unum Group reported sales of $2.77 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The firm is scheduled to issue its next earnings results on Wednesday, February 7th.
According to Zacks, analysts expect that Unum Group will report full-year sales of $2.85 billion for the current fiscal year, with estimates ranging from $11.23 billion to $11.31 billion. For the next fiscal year, analysts anticipate that the business will report sales of $11.57 billion per share, with estimates ranging from $11.47 billion to $11.66 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Unum Group.
Unum Group (NYSE:UNM) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the company posted $1.01 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis.
UNM has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. SunTrust Banks reissued a “buy” rating and issued a $62.00 target price on shares of Unum Group in a research note on Friday, October 27th. Morgan Stanley boosted their target price on shares of Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Wells Fargo & Co set a $48.00 price target on Unum Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Goldman Sachs Group initiated coverage on Unum Group in a report on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Unum Group presently has a consensus rating of “Hold” and a consensus target price of $54.00.
Unum Group (NYSE UNM) opened at $54.89 on Friday. Unum Group has a one year low of $43.55 and a one year high of $57.55. The firm has a market cap of $12,372.81, a PE ratio of 13.26, a P/E/G ratio of 1.87 and a beta of 1.66. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29.
In related news, EVP Christopher J. Jerome sold 7,849 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.24, for a total transaction of $417,880.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $55.07, for a total value of $55,070.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,122 shares of company stock worth $1,136,688. Corporate insiders own 0.53% of the company’s stock.
Several hedge funds have recently bought and sold shares of UNM. BB&T Investment Services Inc. bought a new position in Unum Group during the 2nd quarter worth $100,000. Jacobi Capital Management LLC bought a new position in Unum Group during the 2nd quarter worth $159,000. Invictus RG bought a new position in Unum Group during the 3rd quarter worth $176,000. Keel Point LLC bought a new position in Unum Group during the 3rd quarter worth $202,000. Finally, Schulhoff & Co. Inc. bought a new position in Unum Group during the 3rd quarter worth $204,000. 91.48% of the stock is currently owned by institutional investors and hedge funds.
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Unum Group Company Profile
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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