Zacks: Analysts Expect Unum Group (NYSE:UNM) Will Post Quarterly Sales of $3.02 Billion

Analysts expect Unum Group (NYSE:UNM) to report $3.02 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Unum Group’s earnings, with the lowest sales estimate coming in at $3.00 billion and the highest estimate coming in at $3.04 billion. Unum Group reported sales of $2.92 billion during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The firm is scheduled to announce its next earnings report on Wednesday, October 23rd.

According to Zacks, analysts expect that Unum Group will report full-year sales of $12.08 billion for the current fiscal year, with estimates ranging from $12.04 billion to $12.11 billion. For the next financial year, analysts anticipate that the firm will report sales of $12.35 billion, with estimates ranging from $12.30 billion to $12.40 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Unum Group.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.02. Unum Group had a return on equity of 12.90% and a net margin of 4.46%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis.

UNM has been the topic of a number of recent analyst reports. TheStreet cut Unum Group from a “b-” rating to a “c+” rating in a report on Thursday, June 6th. Morgan Stanley reduced their price objective on Unum Group from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. ValuEngine lowered Unum Group from a “sell” rating to a “strong sell” rating in a research report on Monday, July 29th. Credit Suisse Group assumed coverage on Unum Group in a report on Wednesday, July 10th. They issued an “underperform” rating for the company. Finally, Barclays set a $36.00 price target on Unum Group and gave the company a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $39.00.

In related news, Director Gloria C. Larson sold 1,602 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $33.55, for a total value of $53,747.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. CWM LLC lifted its stake in Unum Group by 68.3% in the 1st quarter. CWM LLC now owns 737 shares of the financial services provider’s stock valued at $25,000 after buying an additional 299 shares in the last quarter. Hartford Financial Management Inc. purchased a new position in shares of Unum Group during the 2nd quarter worth approximately $30,000. Stonebridge Capital Advisors LLC purchased a new position in shares of Unum Group during the 2nd quarter worth approximately $35,000. Private Capital Group LLC boosted its position in Unum Group by 194.2% in the 1st quarter. Private Capital Group LLC now owns 1,162 shares of the financial services provider’s stock valued at $39,000 after buying an additional 767 shares during the period. Finally, First Mercantile Trust Co. purchased a new position in Unum Group in the 1st quarter valued at approximately $46,000. 92.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of UNM stock traded up $0.87 on Tuesday, reaching $26.63. The stock had a trading volume of 506,488 shares, compared to its average volume of 2,053,353. The stock has a market cap of $5.83 billion, a P/E ratio of 5.12, a price-to-earnings-growth ratio of 0.57 and a beta of 1.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.17 and a current ratio of 0.17. The company has a 50 day simple moving average of $31.85 and a 200 day simple moving average of $34.31. Unum Group has a 1 year low of $25.69 and a 1 year high of $40.76.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, July 29th will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 4.28%. This is an increase from Unum Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, July 26th. Unum Group’s dividend payout ratio is presently 21.92%.

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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