Equities research analysts expect Unum Group (NYSE:UNM – Get Rating) to announce earnings of $1.14 per share for the current quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Unum Group’s earnings, with the highest EPS estimate coming in at $1.27 and the lowest estimate coming in at $1.06. Unum Group reported earnings of $1.39 per share during the same quarter last year, which indicates a negative year over year growth rate of 18%. The company is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Unum Group will report full year earnings of $4.69 per share for the current year, with EPS estimates ranging from $4.15 to $5.23. For the next year, analysts anticipate that the business will post earnings of $5.72 per share, with EPS estimates ranging from $5.45 to $6.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Unum Group.
Unum Group (NYSE:UNM – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.57. Unum Group had a net margin of 7.75% and a return on equity of 8.67%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year.
UNM stock traded down $0.78 during trading on Friday, hitting $34.19. 2,536,006 shares of the stock traded hands, compared to its average volume of 2,838,831. Unum Group has a one year low of $22.25 and a one year high of $36.73. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.58 and a beta of 1.44. The company has a 50 day simple moving average of $32.28 and a 200 day simple moving average of $28.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.32.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Investors of record on Friday, April 29th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, April 28th. Unum Group’s payout ratio is 26.55%.
In related news, EVP Lisa G. Iglesias sold 30,000 shares of Unum Group stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $32.55, for a total transaction of $976,500.00. Following the transaction, the executive vice president now owns 76,814 shares of the company’s stock, valued at approximately $2,500,295.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Cherie Pashley sold 7,033 shares of Unum Group stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $35.68, for a total transaction of $250,937.44. Following the transaction, the chief accounting officer now directly owns 18,413 shares in the company, valued at approximately $656,975.84. The disclosure for this sale can be found here. Insiders have sold a total of 99,453 shares of company stock worth $3,365,621 in the last three months. 0.77% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Unum Group by 3.7% in the first quarter. BlackRock Inc. now owns 23,681,485 shares of the financial services provider’s stock valued at $746,204,000 after buying an additional 836,407 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Unum Group by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 8,384,316 shares of the financial services provider’s stock worth $264,190,000 after purchasing an additional 388,508 shares in the last quarter. State Street Corp lifted its position in shares of Unum Group by 8.7% in the first quarter. State Street Corp now owns 6,940,052 shares of the financial services provider’s stock worth $218,681,000 after purchasing an additional 557,474 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Unum Group by 5.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 4,593,954 shares of the financial services provider’s stock worth $115,124,000 after purchasing an additional 228,694 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Unum Group by 7.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,293,213 shares of the financial services provider’s stock worth $135,279,000 after purchasing an additional 288,209 shares in the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.
About Unum Group (Get Rating)
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, 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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