Brokerages Expect Unum Group (UNM) Will Post Quarterly Sales of $2.93 Billion

Brokerages expect Unum Group (NYSE:UNM) to post sales of $2.93 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Unum Group’s earnings. The highest sales estimate is $2.94 billion and the lowest is $2.92 billion. Unum Group posted sales of $2.83 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Unum Group will report full-year sales of $11.65 billion for the current financial year, with estimates ranging from $11.63 billion to $11.66 billion. For the next financial year, analysts expect that the company will report sales of $12.05 billion, with estimates ranging from $11.97 billion to $12.19 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Unum Group.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $2.89 billion.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, October 12th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.08.

Shares of NYSE:UNM opened at $37.71 on Friday. 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 one year low of $33.27 and a one year high of $58.73. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.81 and a beta of 1.32.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Monday, October 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, October 26th. Unum Group’s dividend payout ratio is currently 24.24%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Unum Group by 1.3% during the 2nd quarter. BlackRock Inc. now owns 17,212,634 shares of the financial services provider’s stock worth $636,697,000 after acquiring an additional 214,291 shares during the last quarter. Donald Smith & CO. Inc. lifted its stake in Unum Group by 4.3% in the third quarter. Donald Smith & CO. Inc. now owns 5,555,352 shares of the financial services provider’s stock worth $217,048,000 after purchasing an additional 227,260 shares during the last quarter. LSV Asset Management lifted its stake in Unum Group by 0.7% in the third quarter. LSV Asset Management now owns 5,529,665 shares of the financial services provider’s stock worth $216,044,000 after purchasing an additional 36,316 shares during the last quarter. Investec Asset Management LTD lifted its stake in Unum Group by 18.4% in the second quarter. Investec Asset Management LTD now owns 4,753,433 shares of the financial services provider’s stock worth $175,829,000 after purchasing an additional 739,037 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Unum Group in the second quarter worth $152,694,000. 91.08% of the stock is owned by institutional investors.

Unum Group Company Profile

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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