Equities analysts expect Unum Group (NYSE:UNM) to post $2.85 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Unum Group’s earnings. The highest sales estimate is $2.87 billion and the lowest is $2.81 billion. Unum Group reported sales of $2.77 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The firm is expected to report its next earnings report on Wednesday, February 7th.

On average, analysts expect that Unum Group will report full-year sales of $2.85 billion for the current financial year, with estimates ranging from $11.23 billion to $11.31 billion. For the next year, analysts anticipate that the company will post sales of $11.57 billion per share, with estimates ranging from $11.47 billion to $11.66 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Unum Group.

Unum Group (NYSE:UNM) last posted its earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS.

Several research firms have recently weighed in on UNM. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $62.00 target price on shares of Unum Group in a report on Friday, October 27th. B. Riley raised shares of Unum Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $43.00 to $52.00 in a research note on Monday, November 6th. Royal Bank Of Canada reissued a “hold” rating and issued a $52.00 price target on shares of Unum Group in a research note on Friday, October 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 price target on shares of Unum Group in a research note on Friday, November 10th. Finally, Wells Fargo & Company set a $48.00 price target on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.38.

Unum Group (NYSE:UNM) opened at $54.09 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $12,094.57, a P/E ratio of 12.96, a PEG ratio of 1.82 and a beta of 1.65. Unum Group has a 1-year low of $42.00 and a 1-year high of $54.22.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, October 30th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, October 27th. This represents a $0.92 annualized dividend and a dividend yield of 1.70%. Unum Group’s dividend payout ratio is presently 21.60%.

In related news, Director E Michael Caulfield sold 3,814 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total value of $199,929.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher J. Jerome sold 7,849 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.24, for a total transaction of $417,880.76. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Unum Group by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 24,407,058 shares of the financial services provider’s stock valued at $1,138,102,000 after buying an additional 337,531 shares during the period. JPMorgan Chase & Co. increased its stake in Unum Group by 6.3% during the second quarter. JPMorgan Chase & Co. now owns 7,036,701 shares of the financial services provider’s stock worth $328,121,000 after purchasing an additional 415,909 shares during the period. LSV Asset Management increased its stake in Unum Group by 1.8% during the second quarter. LSV Asset Management now owns 4,913,271 shares of the financial services provider’s stock worth $229,105,000 after purchasing an additional 88,700 shares during the period. Ameriprise Financial Inc. increased its stake in Unum Group by 7.5% during the second quarter. Ameriprise Financial Inc. now owns 4,216,005 shares of the financial services provider’s stock worth $196,593,000 after purchasing an additional 292,664 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Unum Group by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 3,288,709 shares of the financial services provider’s stock worth $153,356,000 after purchasing an additional 19,134 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Unum Group (UNM) Expected to Announce Quarterly Sales of $2.85 Billion” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/11/25/unum-group-unm-expected-to-announce-quarterly-sales-of-2-85-billion.html.

Unum Group Company Profile

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.

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.