Wall Street analysts predict that Unum Group (NYSE:UNM) will post earnings of $1.39 per share for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Unum Group’s earnings. The lowest EPS estimate is $1.34 and the highest is $1.42. Unum Group posted earnings of $1.31 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The business is expected to report its next quarterly earnings results on Tuesday, May 5th.
According to Zacks, analysts expect that Unum Group will report full year earnings of $5.75 per share for the current financial year, with EPS estimates ranging from $5.60 to $5.85. For the next fiscal year, analysts anticipate that the company will report earnings of $6.16 per share, with EPS estimates ranging from $5.65 to $6.33. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Unum Group.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.03. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.02 billion. Unum Group had a return on equity of 11.97% and a net margin of 9.17%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.30 earnings per share.
A number of equities research analysts have recently commented on UNM shares. ValuEngine downgraded Unum Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Credit Suisse Group raised Unum Group from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $18.00 in a research report on Wednesday, March 11th. Morgan Stanley lowered their price target on Unum Group from $34.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 17th. Royal Bank of Canada downgraded Unum Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $33.00 to $26.00 in a research report on Friday, March 20th. Finally, Zacks Investment Research raised Unum Group from a “sell” rating to a “hold” rating and set a $31.00 price target for the company in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $26.83.
Hedge funds have recently bought and sold shares of the business. Worldquant Millennium Advisors LLC grew its position in Unum Group by 86.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 269,430 shares of the financial services provider’s stock valued at $8,007,000 after acquiring an additional 125,172 shares during the period. AustralianSuper Pty Ltd boosted its position in shares of Unum Group by 204.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 221,068 shares of the financial services provider’s stock worth $6,446,000 after buying an additional 148,414 shares during the period. Andra AP fonden boosted its position in shares of Unum Group by 6.5% in the third quarter. Andra AP fonden now owns 191,200 shares of the financial services provider’s stock worth $5,682,000 after buying an additional 11,700 shares during the period. Penserra Capital Management LLC boosted its position in shares of Unum Group by 16.8% in the third quarter. Penserra Capital Management LLC now owns 4,536 shares of the financial services provider’s stock worth $134,000 after buying an additional 651 shares during the period. Finally, Barclays PLC boosted its position in shares of Unum Group by 9.6% in the third quarter. Barclays PLC now owns 852,776 shares of the financial services provider’s stock worth $25,346,000 after buying an additional 74,421 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:UNM traded up $1.56 during midday trading on Thursday, reaching $16.19. The company’s stock had a trading volume of 1,229,379 shares, compared to its average volume of 4,120,601. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 3.09, a price-to-earnings-growth ratio of 0.25 and a beta of 1.56. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.29. Unum Group has a 1 year low of $9.58 and a 1 year high of $38.00. The business has a 50 day moving average price of $22.50 and a 200 day moving average price of $27.34.
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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