Analysts Anticipate Unum Group (UNM) to Announce $1.02 EPS

Wall Street analysts forecast that Unum Group (NYSE:UNM) will report $1.02 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Unum Group’s earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.04. Unum Group reported earnings per share of $0.99 in the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, July 26th.

According to Zacks, analysts expect that Unum Group will report full year earnings of $4.09 per share for the current financial year, with EPS estimates ranging from $4.05 to $4.13. For the next fiscal year, analysts expect that the company will report earnings of $4.36 per share, with EPS estimates ranging from $4.30 to $4.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Unum Group.

Unum Group (NYSE:UNM) last released its earnings results on Wednesday, April 26th. The financial services provider reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.02. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Unum Group had a return on equity of 10.18% and a net margin of 8.43%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS.

Several brokerages have issued reports on UNM. Citigroup Inc lowered Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Monday, March 13th. Barclays PLC reiterated a “buy” rating and issued a $56.00 price target on shares of Unum Group in a report on Sunday, February 19th. Royal Bank of Canada reiterated a “hold” rating and issued a $50.00 price target on shares of Unum Group in a report on Friday. FBR & Co reiterated a “sell” rating on shares of Unum Group in a report on Thursday, February 2nd. Finally, Deutsche Bank AG increased their price target on Unum Group from $46.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $43.55.

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Unum Group (NYSE:UNM) traded down 1.11% during midday trading on Thursday, reaching $46.33. The company’s stock had a trading volume of 1,217,137 shares. The firm has a 50 day moving average of $46.51 and a 200 day moving average of $44.08. The firm has a market cap of $10.62 billion, a P/E ratio of 11.73 and a beta of 1.54. Unum Group has a 52-week low of $29.79 and a 52-week high of $50.27.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, April 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.73%. Unum Group’s dividend payout ratio is presently 20.20%.

In other news, Director Thomas R. Watjen sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $46.91, for a total value of $1,172,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy Gerald Arnold sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $48.54, for a total value of $97,080.00. The disclosure for this sale can be found here. Insiders sold 37,000 shares of company stock worth $1,738,430 in the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Relative Value Partners Group LLC acquired a new stake in shares of Unum Group during the third quarter worth approximately $203,000. Nordea Investment Management AB raised its stake in shares of Unum Group by 6.1% in the third quarter. Nordea Investment Management AB now owns 1,348,482 shares of the financial services provider’s stock worth $47,615,000 after buying an additional 77,616 shares during the period. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Unum Group by 0.9% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 621,401 shares of the financial services provider’s stock worth $21,942,000 after buying an additional 5,823 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Unum Group during the third quarter worth approximately $1,139,000. Finally, World Asset Management Inc raised its stake in shares of Unum Group by 1.1% in the third quarter. World Asset Management Inc now owns 24,759 shares of the financial services provider’s stock worth $874,000 after buying an additional 265 shares during the period. Institutional investors own 92.21% of the company’s stock.

Unum Group Company Profile

Unum Group is a provider of financial protection benefits in the United States and the United Kingdom. The Company’s products include disability, life, accident, critical illness, dental and vision, and other related services. Its segments include Unum US, Unum UK, Colonial Life, Closed Block and Corporate.

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