Unum Group (NYSE:UNM) – Research analysts at B. Riley increased their FY2018 EPS estimates for shares of Unum Group in a research note issued on Tuesday. B. Riley analyst R. Binner now expects that the financial services provider will post earnings per share of $5.20 for the year, up from their previous forecast of $5.00. B. Riley currently has a “Buy” rating and a $58.00 target price on the stock. B. Riley also issued estimates for Unum Group’s FY2019 earnings at $5.60 EPS.
A number of other research analysts have also recently issued reports on UNM. SunTrust Banks restated a “buy” rating and set a $62.00 price objective on shares of Unum Group in a report on Friday, October 27th. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Friday, January 12th. Deutsche Bank assumed coverage on shares of Unum Group in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $58.00 price objective on the stock. Wells Fargo & Co set a $56.00 price objective on shares of Unum Group and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $53.00 price objective on shares of Unum Group in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Unum Group presently has a consensus rating of “Hold” and an average target price of $56.73.
Unum Group (NYSE:UNM) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.05. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm posted $0.99 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, January 29th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, January 26th. Unum Group’s dividend payout ratio (DPR) is 21.00%.
In other Unum Group news, CEO Timothy Gerald Arnold sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $55.07, for a total transaction of $55,070.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Michael Q. Simonds sold 5,000 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $52.09, for a total value of $260,450.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,896 shares of company stock worth $1,464,183. 0.53% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Investec Asset Management LTD grew its holdings in Unum Group by 128.2% during the 4th quarter. Investec Asset Management LTD now owns 4,316,708 shares of the financial services provider’s stock valued at $236,944,000 after buying an additional 2,425,302 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Unum Group by 2,958.0% during the third quarter. Assenagon Asset Management S.A. now owns 637,002 shares of the financial services provider’s stock worth $32,570,000 after purchasing an additional 616,171 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Unum Group by 21.2% during the third quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock worth $150,548,000 after purchasing an additional 515,351 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Unum Group by 44.7% during the fourth quarter. APG Asset Management N.V. now owns 1,343,609 shares of the financial services provider’s stock worth $61,418,000 after purchasing an additional 415,200 shares in the last quarter. Finally, PGGM Investments grew its holdings in shares of Unum Group by 241.8% during the third quarter. PGGM Investments now owns 519,711 shares of the financial services provider’s stock worth $26,573,000 after purchasing an additional 367,674 shares in the last quarter. Institutional investors own 90.62% 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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