Brokerages expect Unum (NYSE:UNM) to post sales of $2.88 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Unum’s earnings. The highest sales estimate is $2.92 billion and the lowest is $2.85 billion. Unum posted sales of $2.80 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.9%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, May 1st.
According to Zacks, analysts expect that Unum will report full-year sales of $11.62 billion for the current financial year, with estimates ranging from $11.54 billion to $11.75 billion. For the next financial year, analysts expect that the company will report sales of $11.99 billion per share, with estimates ranging from $11.81 billion to $12.38 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Unum.
Unum (NYSE:UNM) last posted its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Unum had a return on equity of 10.43% and a net margin of 8.81%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS.
UNM has been the subject of several recent analyst reports. B. Riley upgraded Unum from a “neutral” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, February 13th. Zacks Investment Research upgraded Unum from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Friday, January 12th. SunTrust Banks restated a “buy” rating and issued a $69.00 price target on shares of Unum in a report on Thursday, January 11th. Morgan Stanley lowered their price target on Unum from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday, April 5th. Finally, ValuEngine cut Unum from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $55.83.
UNM traded up $0.44 during midday trading on Wednesday, hitting $47.95. The company’s stock had a trading volume of 1,590,534 shares, compared to its average volume of 1,709,806. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $10,512.12, a price-to-earnings ratio of 11.18, a price-to-earnings-growth ratio of 1.31 and a beta of 1.46. Unum has a 52-week low of $43.55 and a 52-week high of $58.73.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 18th. Stockholders of record on Monday, April 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.92%. Unum’s dividend payout ratio is currently 21.45%.
In related news, SVP Daniel Jason Waxenberg sold 1,435 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $52.36, for a total transaction of $75,136.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John F. Mcgarry sold 4,588 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $58.19, for a total value of $266,975.72. The disclosure for this sale can be found here. Insiders sold a total of 18,829 shares of company stock worth $999,888 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Investec Asset Management LTD lifted its position in Unum by 128.2% during the 4th quarter. Investec Asset Management LTD now owns 4,316,708 shares of the financial services provider’s stock worth $236,944,000 after acquiring an additional 2,425,302 shares in the last quarter. Geode Capital Management LLC lifted its position in Unum by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 2,514,687 shares of the financial services provider’s stock worth $137,746,000 after acquiring an additional 85,020 shares in the last quarter. APG Asset Management N.V. lifted its position in Unum by 44.7% during the 4th quarter. APG Asset Management N.V. now owns 1,343,609 shares of the financial services provider’s stock worth $61,418,000 after acquiring an additional 415,200 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Unum by 39.0% during the 4th quarter. Allianz Asset Management GmbH now owns 1,209,637 shares of the financial services provider’s stock worth $66,397,000 after acquiring an additional 339,361 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Unum by 2.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,094,426 shares of the financial services provider’s stock worth $60,074,000 after acquiring an additional 26,730 shares in the last quarter. 92.96% of the stock is currently owned by hedge funds and other institutional investors.
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Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.
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