Unum Group (UNM) Expected to Announce Quarterly Sales of $2.82 Billion
Wall Street brokerages forecast that Unum Group (NYSE:UNM) will report sales of $2.82 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Unum Group’s earnings. The highest sales estimate is $2.82 billion and the lowest is $2.81 billion. Unum Group posted sales of $2.75 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.5%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, October 25th.
According to Zacks, analysts expect that Unum Group will report full-year sales of $2.82 billion for the current year, with estimates ranging from $11.23 billion to $11.29 billion. For the next financial year, analysts expect that the firm will post sales of $11.58 billion per share, with estimates ranging from $11.50 billion to $11.66 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Unum Group.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the firm posted $1.00 earnings per share.
A number of equities research analysts have issued reports on UNM shares. BidaskClub raised Unum Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Thursday, August 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $58.00 price target on shares of Unum Group in a research report on Wednesday, September 27th. Finally, Morgan Stanley increased their price target on Unum Group from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.33.
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In other news, Director Gloria C. Larson sold 2,460 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total value of $123,565.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Pamela H. Godwin sold 2,500 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.71, for a total value of $126,775.00. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gotham Asset Management LLC increased its holdings in shares of Unum Group by 0.8% in the 2nd quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 35 shares during the last quarter. Quantum Capital Management grew its stake in Unum Group by 0.4% during the 2nd quarter. Quantum Capital Management now owns 15,174 shares of the financial services provider’s stock worth $708,000 after buying an additional 54 shares during the last quarter. HM Payson & Co. grew its stake in Unum Group by 0.5% during the 2nd quarter. HM Payson & Co. now owns 12,527 shares of the financial services provider’s stock worth $584,000 after buying an additional 62 shares during the last quarter. Honkamp Krueger Financial Services Inc. grew its stake in Unum Group by 0.3% during the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 26,338 shares of the financial services provider’s stock worth $1,228,000 after buying an additional 81 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in Unum Group by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the financial services provider’s stock worth $662,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 92.20% of the company’s stock.
Unum Group (NYSE UNM) opened at 52.42 on Tuesday. Unum Group has a 1-year low of $34.83 and a 1-year high of $52.75. The firm has a 50-day moving average price of $49.84 and a 200 day moving average price of $47.72. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 12.63 and a beta of 1.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, October 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.76%. Unum Group’s payout ratio is currently 22.17%.
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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