Equities Analysts Set Expectations for Unum Group’s FY2017 Earnings (UNM)
Unum Group (NYSE:UNM) – Analysts at Langen Mcalenn upped their FY2017 earnings per share estimates for Unum Group in a report released on Friday. Langen Mcalenn analyst R. Glasspiegel now expects that the financial services provider will earn $4.25 per share for the year, up from their prior forecast of $4.20. Langen Mcalenn also issued estimates for Unum Group’s Q3 2018 earnings at $1.14 EPS, Q4 2018 earnings at $1.16 EPS and FY2018 earnings at $4.50 EPS.
Several other equities analysts have also recently issued reports on UNM. Barclays PLC boosted their price target 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. Wells Fargo & Company set a $48.00 price target on shares of Unum Group and gave the company a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $62.00 price target on shares of Unum Group in a research report on Friday. Royal Bank Of Canada reiterated a “hold” rating and set a $52.00 price target on shares of Unum Group in a research report on Friday. Finally, BidaskClub upgraded shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $51.18.
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Unum Group (NYSE:UNM) opened at 52.45 on Monday. Unum Group has a 52-week low of $34.91 and a 52-week high of $53.15. The company has a market cap of $11.84 billion, a PE ratio of 12.63 and a beta of 1.59. The stock’s 50 day moving average is $50.99 and its 200-day moving average is $48.12.
Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same period last year, the business posted $1.01 EPS. The business’s revenue was up 2.0% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in UNM. Teachers Advisors LLC grew its holdings in Unum Group by 20.4% in the first quarter. Teachers Advisors LLC now owns 755,864 shares of the financial services provider’s stock worth $35,442,000 after purchasing an additional 128,323 shares during the period. PNC Financial Services Group Inc. grew its holdings in Unum Group by 7.9% in the first quarter. PNC Financial Services Group Inc. now owns 22,620 shares of the financial services provider’s stock worth $1,060,000 after purchasing an additional 1,663 shares during the period. Gotham Asset Management LLC purchased a new stake in Unum Group in the first quarter worth about $208,000. HighTower Advisors LLC purchased a new stake in Unum Group in the first quarter worth about $431,000. Finally, Driehaus Capital Management LLC grew its holdings in Unum Group by 12.9% in the first quarter. Driehaus Capital Management LLC now owns 7,209 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 826 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.
In other Unum Group news, Director Gloria C. Larson sold 2,460 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total value of $123,565.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Pamela H. Godwin sold 2,500 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was 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. 0.53% of the stock is currently owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, October 30th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, October 27th. Unum Group’s dividend payout ratio (DPR) is presently 21.60%.
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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