Equities research analysts expect Unum Group (NYSE:UNM) to post earnings of $1.05 per share for the current quarter, according to Zacks. Two analysts have made estimates for Unum Group’s earnings, with estimates ranging from $1.04 to $1.06. Unum Group posted earnings of $0.99 per share in the same quarter last year, which would indicate a positive year over year growth rate of 6.1%. The business is expected to report its next earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that Unum Group will report full year earnings of $4.19 per share for the current fiscal year, with EPS estimates ranging from $4.16 to $4.20. For the next year, analysts expect that the firm will report earnings of $4.41 per share, with EPS estimates ranging from $4.30 to $4.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Unum Group.

Unum Group (NYSE:UNM) last released its earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.04. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. During the same quarter in the previous year, the company posted $1.00 EPS.

A number of brokerages recently commented on UNM. Zacks Investment Research lowered Unum Group from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Unum Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub lowered Unum Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Barclays PLC raised their price objective on Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.44.

In other news, EVP Breege A. Farrell sold 15,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $45.47, for a total value of $682,050.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gloria C. Larson sold 2,460 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total value of $123,565.80. The disclosure for this sale can be found here. Insiders sold a total of 19,960 shares of company stock valued at $932,391 over the last ninety days. Corporate insiders own 0.53% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Keybank National Association OH raised its holdings in shares of Unum Group by 4.6% in the first quarter. Keybank National Association OH now owns 24,107 shares of the financial services provider’s stock worth $1,130,000 after buying an additional 1,067 shares during the period. Achmea Investment Management B.V. purchased a new stake in shares of Unum Group in the first quarter worth approximately $3,930,000. State of Tennessee Treasury Department raised its holdings in shares of Unum Group by 64.0% in the first quarter. State of Tennessee Treasury Department now owns 175,796 shares of the financial services provider’s stock worth $8,244,000 after buying an additional 68,624 shares during the period. Prudential Financial Inc. raised its holdings in shares of Unum Group by 30.5% in the second quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock worth $144,982,000 after buying an additional 727,487 shares during the period. Finally, Aviva PLC raised its holdings in shares of Unum Group by 0.5% in the second quarter. Aviva PLC now owns 144,311 shares of the financial services provider’s stock worth $6,731,000 after buying an additional 690 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Unum Group (UNM) traded down 0.12% during mid-day trading on Friday, reaching $48.47. The company had a trading volume of 963,145 shares. The firm has a 50-day moving average of $48.88 and a 200 day moving average of $47.22. The company has a market capitalization of $10.94 billion, a PE ratio of 11.67 and a beta of 1.57. Unum Group has a 1-year low of $33.98 and a 1-year high of $51.43.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, July 31st were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.90%. This is a positive change from Unum Group’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, July 27th. Unum Group’s dividend payout ratio (DPR) is presently 22.17%.

Unum Group announced that its board has initiated a stock repurchase plan on Thursday, May 25th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase up to 7.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

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About Unum Group

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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Earnings History and Estimates for Unum Group (NYSE:UNM)

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