$3.07 Billion in Sales Expected for Unum Group (NYSE:UNM) This Quarter

Equities analysts expect Unum Group (NYSE:UNM) to post sales of $3.07 billion for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Unum Group’s earnings, with the lowest sales estimate coming in at $3.04 billion and the highest estimate coming in at $3.09 billion. Unum Group reported sales of $2.99 billion during the same quarter last year, which would suggest a positive year over year growth rate of 2.7%. The firm is scheduled to report its next earnings report on Tuesday, May 5th.

On average, analysts expect that Unum Group will report full year sales of $12.31 billion for the current year, with estimates ranging from $12.17 billion to $12.39 billion. For the next year, analysts expect that the company will post sales of $12.63 billion, with estimates ranging from $12.47 billion to $12.79 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Unum Group.

Unum Group (NYSE:UNM) last posted its earnings results on Tuesday, February 4th. The financial services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.03. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.02 billion. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 earnings per share.

UNM has been the topic of several recent research reports. DOWLING & PARTN restated a “buy” rating on shares of Unum Group in a report on Monday, November 18th. ValuEngine lowered Unum Group from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Finally, Zacks Investment Research upgraded Unum Group from a “sell” rating to a “hold” rating and set a $31.00 price target on the stock in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Unum Group currently has a consensus rating of “Hold” and an average target price of $34.00.

Large investors have recently added to or reduced their stakes in the stock. Mechanics Bank Trust Department purchased a new stake in Unum Group during the 3rd quarter valued at $30,000. Usca Ria LLC purchased a new stake in Unum Group during the 3rd quarter valued at $36,000. Neo Ivy Capital Management purchased a new stake in Unum Group during the 4th quarter valued at $53,000. Cullen Frost Bankers Inc. purchased a new stake in Unum Group during the 4th quarter valued at $61,000. Finally, Quadrant Capital Group LLC increased its stake in Unum Group by 72.7% in the third quarter. Quadrant Capital Group LLC now owns 2,235 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 941 shares during the period. Institutional investors own 93.53% of the company’s stock.

NYSE:UNM traded down $0.17 during midday trading on Tuesday, hitting $30.01. 1,438,637 shares of the company traded hands. The firm’s fifty day moving average is $28.74 and its 200-day moving average is $28.72. Unum Group has a 12-month low of $24.71 and a 12-month high of $38.29.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 31st will be issued a dividend of $0.285 per share. The ex-dividend date is Thursday, January 30th. This represents a $1.14 annualized dividend and a yield of 3.80%.

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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