Analysts predict that Unum Group (NYSE:UNM – Get a rating) will report earnings of $0.88 per share for the current quarter, Zacks reports. Fourteen analysts provided earnings estimates for Unum Group, with the lowest EPS estimate of $0.72 and the highest estimate of $1.09. Unum Group reported earnings of $1.04 per share in the same quarter last year, suggesting a negative 15.4% year-over-year growth rate. The company is due to release its next earnings report on Wednesday, May 4.
On average, analysts expect Unum Group to report annual earnings of $4.67 per share for the current fiscal year, with EPS estimates ranging from $4.30 to $5.14. For the next fiscal year, analysts expect the company to post earnings of $5.81 per share, with EPS estimates ranging from $5.50 to $6.20. Zacks’ earnings per share calculations are an average based on a survey of research firms that provide coverage for Unum Group.
Unum Group (NYSE: UNM – Get a rating) last released its results on Monday, January 31. The financial services provider reported EPS of $0.89 for the quarter, beating analyst consensus estimates of $0.84 by $0.05. Unum Group achieved a net margin of 6.01% and a return on equity of 8.68%. The company posted revenue of $2.99 billion for the quarter, versus $2.98 billion expected by analysts. During the same period a year earlier, the company posted earnings per share of $1.15. The company’s revenue for the quarter increased by 0.6% compared to the same quarter last year.
Several research companies have recently published reports on UNM. Jefferies Financial Group began covering Unum Group shares in a report on Tuesday, January 25. They issued a “hold” rating and a price target of $27.00 on the stock. Wolfe Research began covering Unum Group shares in a report on Friday, January 21. They issued a “market performance” rating and a price target of $26.00 on the stock. Zacks Investment Research cut shares of Unum Group from a “hold” rating to a “sell” rating and set a price target of $29.00 for the stock. in a report Wednesday. Barclays cut its price target on Unum Group shares from $28.00 to $25.00 and set an “underweight” rating on the stock in a Tuesday, January 11 report. Finally, Goldman Sachs Group assumed coverage of Unum Group shares in a report on Thursday, December 2. They set a “buy” rating and a target price of $32.00 on the stock. Two equity research analysts gave the stock a sell rating, five gave the company a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $28.44.
UNM traded $1.22 during Friday’s trading, hitting $28.52. The company had a trading volume of 3,047,431 shares, compared to an average trading volume of 2,623,401 shares. The company has a market capitalization of $5.83 billion, a PE ratio of 7.31, a P/E/G ratio of 0.63 and a beta of 1.67. The company has a 50-day moving average of $26.69 and a 200-day moving average of $26.04. The company has a debt ratio of 0.31, a current ratio of 0.28 and a quick ratio of 0.28. Unum Group has a 1-year minimum of $22.25 and a 1-year maximum of $31.98.
The company also recently declared a quarterly dividend, which was paid on Friday, February 18. Shareholders of record on Friday, January 28 received a dividend of $0.30 per share. The ex-dividend date was Thursday, January 27. This represents an annualized dividend of $1.20 and a dividend yield of 4.21%. Unum Group’s dividend payout ratio is currently 30.77%.
Institutional investors have recently increased or reduced their stake in the company. Steward Partners Investment Advisory LLC increased its position in Unum Group shares by 166.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,280 shares of the financial services provider worth $31,000 after acquiring an additional 800 shares in the last quarter. AGF Investments LLC bought a new position in Unum Group in Q4 valued at around $34,000. CWM LLC bought a new position in Unum Group in Q4, valued at around $39,000. Founders Capital Management increased its position in Unum Group by 53.5% in the third quarter. Founders Capital Management now owns 1,758 shares of the financial services provider valued at $44,000 after buying 613 additional shares last quarter. Finally, MBM Wealth Consultants LLC increased its position in Unum Group by 55.1% in the 4th quarter. MBM Wealth Consultants LLC now owns 1,779 shares of the financial services provider valued at $44,000 after buying an additional 632 shares last quarter. Institutional investors and hedge funds hold 83.09% of the company’s shares.
About Unum Group (Get a rating)
Unum Group is committed to providing financial protection benefits. It operates through the following segments: Unum US, Unum International, Colonial Life, Closed Block and Corporate. The Unum US segment includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, as well as supplemental and voluntary lines of business.
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