Q4 2017 Earnings Estimate for Unum Group (UNM) Issued By Langen Mcalenn
Unum Group (NYSE:UNM) – Equities researchers at Langen Mcalenn increased their Q4 2017 earnings per share (EPS) estimates for shares of Unum Group in a note issued to investors on Tuesday. Langen Mcalenn analyst R. Glasspiegel now forecasts that the financial services provider will post earnings of $1.16 per share for the quarter, up from their previous estimate of $1.08. Langen Mcalenn currently has a “Neutral” rating on the stock.
Several other research firms also recently weighed in on UNM. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Friday, January 12th. SunTrust Banks reissued a “buy” rating and set a $69.00 price target on shares of Unum Group in a research report on Thursday, January 11th. Wells Fargo & Co set a $56.00 price target on Unum Group and gave the stock a “hold” rating in a research report on Wednesday, December 13th. ValuEngine raised Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank began coverage on Unum Group in a research report on Tuesday, January 2nd. They set a “hold” rating and a $58.00 price target for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Unum Group has a consensus rating of “Hold” and a consensus target price of $56.00.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. Unum Group’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 earnings per share.
Hedge funds have recently bought and sold shares of the company. Gotham Asset Management LLC boosted its holdings in shares of Unum Group by 0.8% during the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 35 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Unum Group during the second quarter worth $1,427,000. California Public Employees Retirement System boosted its holdings in shares of Unum Group by 3.7% during the third quarter. California Public Employees Retirement System now owns 785,277 shares of the financial services provider’s stock worth $40,151,000 after purchasing an additional 27,791 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Unum Group by 11.5% during the second quarter. The Manufacturers Life Insurance Company now owns 273,147 shares of the financial services provider’s stock worth $12,736,000 after purchasing an additional 28,259 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Unum Group by 6.8% in the third quarter. Parametric Portfolio Associates LLC now owns 914,985 shares of the financial services provider’s stock valued at $46,783,000 after acquiring an additional 58,117 shares during the last quarter. Institutional investors and hedge funds own 91.75% of the company’s stock.
In other news, EVP Lisa G. Iglesias sold 8,459 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $54.83, for a total transaction of $463,806.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Christopher J. Jerome sold 7,849 shares of the firm’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $53.24, for a total value of $417,880.76. The disclosure for this sale can be found here. Insiders have sold 21,122 shares of company stock worth $1,136,688 in the last 90 days. Insiders own 0.53% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, January 29th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.66%. Unum Group’s dividend payout ratio (DPR) is 21.60%.
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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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