Equities research analysts expect Unum Group (NYSE:UNM) to announce earnings per share of $1.32 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Unum Group’s earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.34. Unum Group posted earnings of $1.24 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 7th.
On average, analysts expect that Unum Group will report full-year earnings of $5.49 per share for the current financial year, with EPS estimates ranging from $5.45 to $5.55. For the next year, analysts anticipate that the company will report earnings of $5.89 per share, with EPS estimates ranging from $5.75 to $6.00. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Unum Group.
Get Unum Group alerts:Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, February 5th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.01). Unum Group had a net margin of 4.51% and a return on equity of 12.69%. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis.
Several analysts have recently weighed in on UNM shares. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. JPMorgan Chase & Co. lowered their target price on Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Unum Group has an average rating of “Hold” and a consensus price target of $51.55.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Unum Group by 21.5% during the fourth quarter. BlackRock Inc. now owns 19,837,098 shares of the financial services provider’s stock worth $582,815,000 after purchasing an additional 3,516,140 shares during the last quarter. Donald Smith & CO. Inc. lifted its holdings in Unum Group by 4.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 5,805,447 shares of the financial services provider’s stock worth $170,564,000 after acquiring an additional 250,095 shares during the last quarter. LSV Asset Management lifted its holdings in Unum Group by 1.4% in the fourth quarter. LSV Asset Management now owns 5,606,649 shares of the financial services provider’s stock worth $164,723,000 after acquiring an additional 76,984 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Unum Group by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,875,403 shares of the financial services provider’s stock worth $143,237,000 after acquiring an additional 396,764 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Unum Group by 15.1% in the fourth quarter. Geode Capital Management LLC now owns 3,344,324 shares of the financial services provider’s stock worth $98,111,000 after acquiring an additional 438,390 shares during the last quarter. 89.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of Unum Group stock traded up $0.10 during trading hours on Monday, hitting $36.13. 1,541,170 shares of the company’s stock traded hands, compared to its average volume of 1,837,045. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.17 and a quick ratio of 0.18. The company has a market capitalization of $7.73 billion, a PE ratio of 6.95, a P/E/G ratio of 0.75 and a beta of 1.48. Unum Group has a twelve month low of $26.76 and a twelve month high of $51.33.
The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Stockholders of record on Monday, January 28th were given a dividend of $0.26 per share. The ex-dividend date was Friday, January 25th. This represents a $1.04 annualized dividend and a dividend yield of 2.88%. Unum Group’s payout ratio is 20.00%.
Unum Group Company Profile
Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.
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