Unum Group (UNM) Expected to Post Earnings of $1.32 Per Share

Wall Street analysts expect Unum Group (NYSE:UNM) to post earnings of $1.32 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Unum Group’s earnings. The highest EPS estimate is $1.34 and the lowest is $1.31. Unum Group posted earnings per share of $1.13 during the same quarter last year, which would indicate a positive year over year growth rate of 16.8%. The business is expected to issue its next quarterly earnings results on Wednesday, January 30th.

On average, analysts expect that Unum Group will report full-year earnings of $5.22 per share for the current financial year, with EPS estimates ranging from $5.20 to $5.25. For the next fiscal year, analysts expect that the business will post earnings of $5.50 per share, with EPS estimates ranging from $5.45 to $5.55. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Unum Group.

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

Several brokerages recently weighed in on UNM. TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $53.08.

UNM stock traded down $0.18 during trading on Friday, hitting $32.25. 3,291,102 shares of the company traded hands, compared to its average volume of 2,094,661. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35. The stock has a market cap of $7.05 billion, a P/E ratio of 7.52, a P/E/G ratio of 0.69 and a beta of 1.30. Unum Group has a 1 year low of $31.43 and a 1 year high of $58.73.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Monday, October 29th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, October 26th. Unum Group’s payout ratio is currently 24.24%.

Institutional investors and hedge funds have recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new stake in Unum Group in the third quarter valued at approximately $117,000. Signaturefd LLC boosted its stake in shares of Unum Group by 95.1% in the second quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 1,615 shares during the last quarter. Focused Wealth Management Inc boosted its stake in shares of Unum Group by 12,500.0% in the second quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 3,500 shares during the last quarter. Tuttle Tactical Management acquired a new stake in shares of Unum Group in the second quarter worth approximately $166,000. Finally, Csenge Advisory Group acquired a new stake in shares of Unum Group in the third quarter worth approximately $180,000. 90.38% of the stock is currently owned by institutional investors.

Unum Group Company Profile

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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