Unum Group (UNM) Expected to Announce Quarterly Sales of $2.85 Billion
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.
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.
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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.
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