$2.96 Billion in Sales Expected for Unum Group (UNM) This Quarter

Brokerages expect that Unum Group (NYSE:UNM) will report sales of $2.96 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Unum Group’s earnings, with the lowest sales estimate coming in at $2.96 billion and the highest estimate coming in at $2.97 billion. Unum Group posted sales of $2.90 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The company is expected to issue its next quarterly earnings results on Tuesday, May 7th.

On average, analysts expect that Unum Group will report full-year sales of $11.93 billion for the current fiscal year, with estimates ranging from $11.88 billion to $11.99 billion. For the next year, analysts forecast that the firm will post sales of $12.17 billion, with estimates ranging from $12.13 billion to $12.20 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Unum Group.

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Unum Group (NYSE:UNM) last announced its earnings results on Tuesday, February 5th. The financial services provider reported $1.30 earnings per share for the quarter, missing the Zacks’ 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 business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter last year, the business posted $1.13 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year.

A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Unum Group from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. JPMorgan Chase & Co. lowered their price objective on Unum Group from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $51.55.

Institutional investors and hedge funds have recently modified their holdings of the business. Prime Capital Investment Advisors LLC bought a new position in Unum Group during the fourth quarter worth about $25,000. We Are One Seven LLC bought a new position in Unum Group during the fourth quarter worth about $29,000. CSat Investment Advisory L.P. boosted its holdings in Unum Group by 81.4% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,288 shares of the financial services provider’s stock worth $38,000 after buying an additional 578 shares during the last quarter. Stamos Capital Partners L.P. bought a new position in Unum Group during the fourth quarter worth about $60,000. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in Unum Group by 13.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,642 shares of the financial services provider’s stock worth $78,000 after buying an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.

Shares of NYSE:UNM traded down $0.05 during midday trading on Wednesday, reaching $36.03. The company’s stock had a trading volume of 1,225,874 shares, compared to its average volume of 1,844,352. Unum Group has a fifty-two week low of $26.76 and a fifty-two week high of $51.33. The firm has a market cap of $7.73 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.18 and a current ratio of 0.17.

The business also recently announced a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Monday, January 28th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Friday, January 25th. Unum Group’s dividend payout ratio (DPR) is currently 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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