Wall Street analysts forecast that Unum Group (NYSE:UNM) will report $1.39 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eleven analysts have issued estimates for Unum Group’s earnings, with the lowest EPS estimate coming in at $1.36 and the highest estimate coming in at $1.40. Unum Group reported earnings per share of $1.30 in the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, February 4th.
According to Zacks, analysts expect that Unum Group will report full year earnings of $5.41 per share for the current financial year, with EPS estimates ranging from $5.39 to $5.43. For the next fiscal year, analysts expect that the company will report earnings of $5.80 per share, with EPS estimates ranging from $5.70 to $5.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Unum Group.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.02 billion. Unum Group had a net margin of 8.89% and a return on equity of 12.31%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 earnings per share.
UNM has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Unum Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Unum Group from a “hold” rating to a “sell” rating and set a $32.00 price target for the company. in a research report on Monday, November 11th. Morgan Stanley reduced their price objective on shares of Unum Group from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Barclays set a $36.00 price objective on shares of Unum Group and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, Citigroup lowered their target price on shares of Unum Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Unum Group currently has an average rating of “Hold” and an average target price of $36.40.
Several institutional investors have recently added to or reduced their stakes in UNM. Hartford Financial Management Inc. purchased a new stake in Unum Group during the second quarter valued at approximately $30,000. Mechanics Bank Trust Department acquired a new stake in Unum Group in the 3rd quarter worth approximately $30,000. Stonebridge Capital Advisors LLC purchased a new stake in Unum Group during the 2nd quarter worth approximately $35,000. Usca Ria LLC purchased a new stake in Unum Group during the 3rd quarter worth approximately $36,000. Finally, CSat Investment Advisory L.P. raised its holdings in shares of Unum Group by 55.8% in the second quarter. CSat Investment Advisory L.P. now owns 1,613 shares of the financial services provider’s stock worth $54,000 after buying an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.
Shares of NYSE:UNM traded down $1.42 during trading on Tuesday, reaching $29.06. 40,703 shares of the stock traded hands, compared to its average volume of 1,536,605. The stock has a market cap of $6.29 billion, a P/E ratio of 5.58, a price-to-earnings-growth ratio of 0.63 and a beta of 1.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50-day moving average of $29.32 and a two-hundred day moving average of $30.32. Unum Group has a 52-week low of $24.71 and a 52-week high of $38.29.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, October 28th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Friday, October 25th. Unum Group’s dividend payout ratio is currently 21.92%.
About Unum Group
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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