Unum Group (NYSE:UNM) – Langen Mcalenn increased their FY2018 earnings per share estimates for shares of Unum Group in a report issued on Tuesday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will post earnings of $5.30 per share for the year, up from their previous forecast of $4.50. Langen Mcalenn has a “Neutral” rating on the stock.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The firm 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 company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 earnings per share.

A number of other brokerages have also recently commented on UNM. Morgan Stanley increased their price target 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. Zacks Investment Research cut shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. SunTrust Banks reiterated a “buy” rating and issued a $62.00 price target on shares of Unum Group in a research note on Friday, October 27th. Wells Fargo & Co set a $56.00 price target on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, December 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $53.00 price target on shares of Unum Group in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued 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 target price of $56.00.

Shares of Unum Group (NYSE:UNM) traded down $0.15 during mid-day trading on Thursday, reaching $55.99. 1,822,962 shares of the company’s stock were exchanged, compared to its average volume of 1,167,201. The firm has a market capitalization of $12,597.20, a PE ratio of 13.14, a P/E/G ratio of 1.57 and a beta of 1.67. 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 $43.55 and a 12-month high of $58.73.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, January 29th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, January 26th. Unum Group’s dividend payout ratio is presently 21.60%.

In other news, CFO John F. Mcgarry sold 4,588 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $58.19, for a total transaction of $266,975.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the firm’s 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 90 days, insiders have sold 25,710 shares of company stock valued at $1,403,663. 0.53% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of UNM. Franklin Resources Inc. increased its position in Unum Group by 1.1% during the second quarter. Franklin Resources Inc. now owns 56,240 shares of the financial services provider’s stock worth $2,623,000 after acquiring an additional 623 shares during the period. Amalgamated Bank increased its position in Unum Group by 54.5% during the second quarter. Amalgamated Bank now owns 25,661 shares of the financial services provider’s stock worth $1,197,000 after acquiring an additional 9,047 shares during the period. BlueMountain Capital Management LLC increased its position in Unum Group by 130.1% during the second quarter. BlueMountain Capital Management LLC now owns 9,725 shares of the financial services provider’s stock worth $453,000 after acquiring an additional 5,498 shares during the period. Stevens Capital Management LP bought a new position in Unum Group during the second quarter worth about $1,048,000. Finally, ProShare Advisors LLC increased its position in Unum Group by 0.8% during the second quarter. ProShare Advisors LLC now owns 94,312 shares of the financial services provider’s stock worth $4,398,000 after acquiring an additional 711 shares during the period. Institutional investors own 91.75% of the company’s stock.

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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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