Unum Group (NYSE:UNM) Expected to Post Earnings of $1.23 Per Share

Brokerages expect Unum Group (NYSE:UNM) to announce $1.23 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Unum Group’s earnings, with the lowest EPS estimate coming in at $1.17 and the highest estimate coming in at $1.29. Unum Group reported earnings of $1.21 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The business is expected to issue its next earnings results on Tuesday, October 26th.

On average, analysts expect that Unum Group will report full year earnings of $4.87 per share for the current financial year, with EPS estimates ranging from $4.70 to $5.03. For the next year, analysts anticipate that the firm will post earnings of $5.40 per share, with EPS estimates ranging from $5.06 to $5.65. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Unum Group.

Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, August 3rd. The financial services provider reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.26. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. Unum Group had a net margin of 5.27% and a return on equity of 9.05%.

Several research firms have issued reports on UNM. boosted their price objective on shares of Unum Group from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, June 21st. Morgan Stanley upped their price target on shares of Unum Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, Unum Group has an average rating of “Hold” and an average target price of $28.14.

In other 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in Unum Group by 7.4% during the first quarter. Victory Capital Management Inc. now owns 32,767 shares of the financial services provider’s stock worth $912,000 after purchasing an additional 2,248 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Unum Group by 5.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 76,805 shares of the financial services provider’s stock valued at $2,137,000 after purchasing an additional 3,827 shares during the period. Natixis Advisors L.P. boosted its position in shares of Unum Group by 9.4% in the 1st quarter. Natixis Advisors L.P. now owns 26,023 shares of the financial services provider’s stock valued at $724,000 after purchasing an additional 2,238 shares during the period. Commerce Bank acquired a new stake in Unum Group during the 1st quarter worth about $374,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Unum Group by 25.1% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,007 shares of the financial services provider’s stock worth $501,000 after acquiring an additional 3,615 shares during the period. 82.79% of the stock is owned by institutional investors.

Shares of Unum Group stock traded up $0.95 during trading hours on Wednesday, reaching $25.29. The company’s stock had a trading volume of 102,940 shares, compared to its average volume of 2,461,440. The firm has a 50 day moving average price of $26.30 and a 200-day moving average price of $28.00. Unum Group has a one year low of $15.93 and a one year high of $31.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $5.17 billion, a P/E ratio of 7.10, a P/E/G ratio of 1.09 and a beta of 1.73.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 20th. Stockholders of record on Friday, July 30th were paid a $0.30 dividend. This is a positive change from Unum Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $1.20 annualized dividend and a dividend yield of 4.74%. Unum Group’s dividend payout ratio (DPR) is presently 24.34%.

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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Earnings History and Estimates for Unum Group (NYSE:UNM)

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