Brokerages expect that Unum Group (NYSE:UNM) will announce $2.93 billion in sales for the current fiscal quarter, Zacks reports. Eleven analysts have made estimates for Unum Group’s earnings. The highest sales estimate is $3.00 billion and the lowest is $2.75 billion. Unum Group posted sales of $2.97 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.3%. The firm is scheduled to report its next earnings report on Thursday, February 3rd.
According to Zacks, analysts expect that Unum Group will report full year sales of $11.85 billion for the current financial year, with estimates ranging from $11.07 billion to $11.99 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $11.96 billion, with estimates ranging from $11.31 billion to $12.18 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Unum Group.
Unum Group (NYSE:UNM) last issued its earnings results on Tuesday, November 2nd. The financial services provider reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.13). Unum Group had a net margin of 6.01% and a return on equity of 8.68%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.96 billion. During the same period last year, the business earned $1.21 EPS.
In related news, EVP Lisa G. Iglesias sold 20,000 shares of Unum Group stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $26.50, for a total value of $530,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.62% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in Unum Group by 10.4% in the second quarter. State Street Corp now owns 10,789,006 shares of the financial services provider’s stock valued at $306,408,000 after acquiring an additional 1,016,913 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Unum Group by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,930,742 shares of the financial services provider’s stock valued at $253,630,000 after acquiring an additional 452,030 shares during the period. Invesco Ltd. lifted its holdings in Unum Group by 6.9% in the second quarter. Invesco Ltd. now owns 7,100,155 shares of the financial services provider’s stock valued at $201,644,000 after acquiring an additional 456,467 shares during the period. Donald Smith & CO. Inc. lifted its holdings in Unum Group by 0.4% in the second quarter. Donald Smith & CO. Inc. now owns 5,208,184 shares of the financial services provider’s stock valued at $147,912,000 after acquiring an additional 22,880 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Unum Group by 5.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,593,954 shares of the financial services provider’s stock valued at $115,124,000 after acquiring an additional 228,694 shares during the period. 83.03% of the stock is owned by institutional investors.
UNM stock traded down $0.32 during midday trading on Friday, reaching $25.50. 1,915,989 shares of the company were exchanged, compared to its average volume of 2,500,547. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.31. Unum Group has a 1-year low of $20.78 and a 1-year high of $31.98. The company’s 50-day moving average price is $25.97. The company has a market capitalization of $5.21 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.88 and a beta of 1.69.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 19th. Stockholders of record on Friday, October 29th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, October 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.71%. Unum Group’s dividend payout ratio (DPR) is presently 30.77%.
Unum Group declared that its Board of Directors has initiated a share repurchase program on Monday, October 25th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Unum Group Company Profile
Unum Group is engaged in providing financial protection benefits. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block and Corporate. The Unum US segment comprises of group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business.
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