$2.93 Billion in Sales Expected for Unum Group (UNM) This Quarter

Brokerages forecast that Unum Group (NYSE:UNM) will report $2.93 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Unum Group’s earnings, with the highest sales estimate coming in at $2.94 billion and the lowest estimate coming in at $2.92 billion. Unum Group reported sales of $2.83 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.5%. The company is scheduled to report its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Unum Group will report full-year sales of $11.65 billion for the current year, with estimates ranging from $11.63 billion to $11.66 billion. For the next year, analysts expect that the company will post sales of $12.05 billion, with estimates ranging from $11.97 billion to $12.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Unum Group.

Unum Group (NYSE:UNM) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.08. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. Unum Group had a net margin of 4.68% and a return on equity of 12.06%.

A number of brokerages recently commented on UNM. Zacks Investment Research upgraded Unum Group from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Friday, October 12th. TheStreet downgraded Unum Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Unum Group has an average rating of “Hold” and a consensus target price of $53.08.

Large investors have recently made changes to their positions in the stock. Donald Smith & CO. Inc. raised its holdings in Unum Group by 158.2% during the second quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock valued at $197,086,000 after buying an additional 3,264,382 shares in the last quarter. Nuance Investments LLC raised its position in Unum Group by 224.9% in the 2nd quarter. Nuance Investments LLC now owns 1,802,312 shares of the financial services provider’s stock worth $66,668,000 after purchasing an additional 1,247,604 shares during the last quarter. Victory Capital Management Inc. raised its position in Unum Group by 1,402.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,032,795 shares of the financial services provider’s stock worth $38,203,000 after purchasing an additional 964,068 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Unum Group by 40.8% during the 3rd quarter. Schroder Investment Management Group now owns 2,761,483 shares of the financial services provider’s stock valued at $107,891,000 after acquiring an additional 800,414 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Unum Group by 108,665.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 793,987 shares of the financial services provider’s stock valued at $31,022,000 after acquiring an additional 793,257 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.

Shares of Unum Group stock opened at $35.82 on Tuesday. Unum Group has a one year low of $33.27 and a one year high of $58.73. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.76 and a beta of 1.30.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Monday, October 29th were given a $0.26 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.04 annualized dividend and a dividend yield of 2.90%. Unum Group’s dividend payout ratio (DPR) is presently 24.24%.

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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