$3.02 Billion in Sales Expected for Unum Group (NYSE:UNM) This Quarter

Equities research analysts predict that Unum Group (NYSE:UNM) will announce sales of $3.02 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Unum Group’s earnings. The lowest sales estimate is $3.00 billion and the highest is $3.04 billion. Unum Group reported sales of $2.92 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The firm is expected to report its next earnings results on Wednesday, October 23rd.

On average, analysts expect that Unum Group will report full year sales of $12.08 billion for the current fiscal year, with estimates ranging from $12.04 billion to $12.11 billion. For the next year, analysts anticipate that the company will report sales of $12.35 billion, with estimates ranging from $12.30 billion to $12.40 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Unum Group.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.02. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. Unum Group had a net margin of 4.46% and a return on equity of 12.90%. Unum Group’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.30 earnings per share.

A number of analysts recently weighed in on UNM shares. Barclays set a $36.00 price target on shares of Unum Group and gave the company a “buy” rating in a report on Monday, August 12th. TheStreet lowered shares of Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. Morgan Stanley lowered their price target on shares of Unum Group from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. ValuEngine lowered shares of Unum Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 29th. Finally, Credit Suisse Group started coverage on shares of Unum Group in a report on Wednesday, July 10th. They issued an “underperform” rating for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $39.00.

In other Unum Group news, Director Gloria C. Larson sold 1,602 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $33.55, for a total value of $53,747.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in UNM. Bank of Nova Scotia boosted its stake in Unum Group by 376.8% in the second quarter. Bank of Nova Scotia now owns 3,369,146 shares of the financial services provider’s stock valued at $10,733,000 after acquiring an additional 2,662,577 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Unum Group by 25,404.3% in the second quarter. Nuveen Asset Management LLC now owns 1,528,982 shares of the financial services provider’s stock valued at $51,297,000 after acquiring an additional 1,522,987 shares during the last quarter. Vanguard Group Inc. boosted its stake in Unum Group by 5.4% in the second quarter. Vanguard Group Inc. now owns 23,945,430 shares of the financial services provider’s stock valued at $803,370,000 after acquiring an additional 1,218,617 shares during the last quarter. AQR Capital Management LLC boosted its stake in Unum Group by 66.7% in the second quarter. AQR Capital Management LLC now owns 2,511,001 shares of the financial services provider’s stock valued at $83,742,000 after acquiring an additional 1,004,924 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Unum Group by 145.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,450,452 shares of the financial services provider’s stock valued at $48,662,000 after acquiring an additional 859,388 shares during the last quarter. 92.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Unum Group stock traded up $0.93 during midday trading on Tuesday, reaching $26.69. The company had a trading volume of 1,642,600 shares, compared to its average volume of 2,051,502. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 5.13, a price-to-earnings-growth ratio of 0.52 and a beta of 1.50. The stock has a fifty day simple moving average of $31.72 and a 200 day simple moving average of $34.27. Unum Group has a 1-year low of $25.69 and a 1-year high of $40.76.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, July 29th were paid a $0.285 dividend. The ex-dividend date was Friday, July 26th. This is a boost from Unum Group’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a yield of 4.27%. Unum Group’s dividend payout ratio (DPR) is presently 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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