Brokerages forecast that Unum Group (NYSE:UNM) will report $1.24 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Unum Group’s earnings. The lowest EPS estimate is $1.19 and the highest is $1.27. Unum Group reported earnings of $1.02 per share during the same quarter last year, which would suggest a positive year over year growth rate of 21.6%. The firm is expected to issue its next quarterly earnings report 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 financial year, with EPS estimates ranging from $5.05 to $5.25. For the next fiscal year, analysts anticipate that the company will post earnings of $5.54 per share, with EPS estimates ranging from $5.40 to $5.65. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Unum Group.
Unum Group (NYSE:UNM) last issued its earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The firm had revenue of $2.84 billion for 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 was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.99 earnings per share.
Several brokerages recently weighed in on UNM. B. Riley raised shares of Unum Group from a “neutral” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Tuesday, February 13th. SunTrust Banks reaffirmed a “buy” rating and issued a $69.00 target price on shares of Unum Group in a report on Thursday, January 11th. Langen Mcalenn reaffirmed a “neutral” rating on shares of Unum Group in a report on Tuesday, January 16th. Deutsche Bank began coverage on shares of Unum Group in a report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 target price on the stock. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $52.00 target price on shares of Unum Group in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.73.
Shares of Unum Group (NYSE:UNM) traded down $0.72 during trading hours on Friday, reaching $51.26. 1,928,862 shares of the company traded hands, 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. Unum Group has a 52-week low of $43.55 and a 52-week high of $58.73. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.29.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Monday, January 29th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a yield of 1.79%. Unum Group’s payout ratio is currently 21.00%.
In other Unum Group news, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $52.09, for a total transaction of $260,450.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lisa G. Iglesias sold 8,459 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $54.83, for a total transaction of $463,806.97. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,047 shares of company stock worth $1,046,303. 0.53% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new position in shares of Unum Group during the fourth quarter worth approximately $125,000. Pinebridge Investments L.P. grew 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 acquiring an additional 1,807 shares during the last quarter. Invictus RG purchased a new position in shares of Unum Group during the third quarter worth approximately $176,000. Keel Point LLC purchased a new position in shares of Unum Group during the third quarter worth approximately $202,000. Finally, Schulhoff & Co. Inc. purchased a new position in shares of Unum Group during the third quarter worth approximately $204,000. 90.16% of the stock is currently owned by institutional investors.
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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