Unum Group (UNM) Expected to Announce Quarterly Sales of $2.93 Billion

Brokerages predict that Unum Group (NYSE:UNM) will report sales of $2.93 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Unum Group’s earnings, with the lowest sales estimate coming in at $2.92 billion and the highest estimate coming in at $2.94 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 business is scheduled to issue its next earnings report after the market closes on Tuesday, February 5th.

According to Zacks, analysts expect that Unum Group will report full year sales of $11.65 billion for the current fiscal year, with estimates ranging from $11.63 billion to $11.66 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $12.00 billion, with estimates ranging from $11.93 billion to $12.04 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Unum Group.

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

UNM has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Unum Group from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 2nd. Zacks Investment Research lowered shares of Unum Group from a “buy” rating to a “hold” rating in a report on Monday, December 31st. Finally, TheStreet lowered shares of Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.46.

Shares of Unum Group stock traded down $0.39 during trading on Friday, hitting $34.06. The company’s stock had a trading volume of 61,633 shares, compared to its average volume of 1,655,299. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35. Unum Group has a 52 week low of $26.76 and a 52 week high of $57.12. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of 7.90, a P/E/G ratio of 0.70 and a beta of 1.39.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Monday, January 28th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, January 25th. Unum Group’s payout ratio is 24.24%.

Institutional investors and hedge funds have recently made changes to their positions in the company. OLD Second National Bank of Aurora lifted its position in Unum Group by 0.7% during the 4th quarter. OLD Second National Bank of Aurora now owns 77,154 shares of the financial services provider’s stock valued at $2,267,000 after acquiring an additional 533 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Unum Group by 3.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,966 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 534 shares during the period. Panagora Asset Management Inc. lifted its position in Unum Group by 5.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 26,843 shares of the financial services provider’s stock valued at $1,049,000 after acquiring an additional 1,370 shares during the period. Pacer Advisors Inc. lifted its position in Unum Group by 13.8% during the 3rd quarter. Pacer Advisors Inc. now owns 11,798 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 1,428 shares during the period. Finally, Grace & White Inc. NY lifted its position in Unum Group by 0.3% during the 3rd quarter. Grace & White Inc. NY now owns 550,090 shares of the financial services provider’s stock valued at $21,492,000 after acquiring an additional 1,520 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Outstanding Shares and The Effect on Share Price

Get a free copy of the Zacks research report on Unum Group (UNM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Unum Group (NYSE:UNM)

Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply