$1.05 EPS Expected for Unum Group (UNM) This Quarter
Analysts expect that Unum Group (NYSE:UNM) will announce earnings of $1.05 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Unum Group’s earnings. The lowest EPS estimate is $1.04 and the highest is $1.06. Unum Group reported earnings per share of $0.99 during the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The company is expected to report its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Unum Group will report full-year earnings of $4.19 per share for the current year, with EPS estimates ranging from $4.16 to $4.20. For the next fiscal year, analysts anticipate that the company will post earnings of $4.41 per share, with EPS estimates ranging from $4.30 to $4.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Unum Group.
Unum Group (NYSE:UNM) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period in the prior year, the business posted $1.00 earnings per share.
Several equities analysts recently commented on the stock. BidaskClub upgraded shares of Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a research report on Monday, July 31st. Royal Bank Of Canada reissued a “hold” rating on shares of Unum Group in a research report on Wednesday, July 12th. Barclays PLC boosted their price objective on shares of Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Finally, Wells Fargo & Company reissued a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $46.44.
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Shares of Unum Group (NYSE UNM) opened at 46.43 on Friday. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 11.18 and a beta of 1.57. The stock’s 50 day moving average is $48.88 and its 200-day moving average is $47.24. Unum Group has a 12-month low of $33.98 and a 12-month high of $51.43.
Unum Group announced that its board has approved a share buyback plan on Thursday, May 25th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 7.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, July 31st were given a dividend of $0.23 per share. This is a boost from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.98%. Unum Group’s dividend payout ratio is presently 22.17%.
In related news, Director Gloria C. Larson sold 2,460 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total transaction of $123,565.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pamela H. Godwin sold 2,500 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The disclosure for this sale can be found here. Insiders have sold 19,960 shares of company stock valued at $932,391 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. increased its stake in Unum Group by 1.2% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,434 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 29 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of Unum Group by 0.8% in the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 35 shares during the period. Quantum Capital Management increased its stake in shares of Unum Group by 0.4% in the second quarter. Quantum Capital Management now owns 15,174 shares of the financial services provider’s stock worth $708,000 after acquiring an additional 54 shares during the period. HM Payson & Co. increased its stake in shares of Unum Group by 0.5% in the second quarter. HM Payson & Co. now owns 12,527 shares of the financial services provider’s stock worth $584,000 after acquiring an additional 62 shares during the period. Finally, Honkamp Krueger Financial Services Inc. increased its stake in shares of Unum Group by 0.3% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 26,338 shares of the financial services provider’s stock worth $1,228,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.
About Unum Group
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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