Unum Group (NYSE:UNM) – Stock analysts at FBR & Co upped their FY2017 earnings per share estimates for Unum Group in a research note issued to investors on Monday, according to Zacks Investment Research. FBR & Co analyst R. Binner now forecasts that the financial services provider will post earnings of $4.05 per share for the year, up from their previous forecast of $4.00. FBR & Co currently has a “Sell” rating on the stock.
A number of other equities research analysts also recently commented on UNM. Deutsche Bank AG restated a “hold” rating and issued a $48.00 target price (up previously from $46.00) on shares of Unum Group in a research report on Wednesday. Zacks Investment Research raised Unum Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Wednesday, January 11th. Barclays PLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Unum Group in a research note on Monday, January 9th. Finally, Citigroup Inc cut Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Monday, March 13th. Four analysts have rated the stock with a sell rating, seven have assigned 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 $42.91.
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Unum Group (NYSE:UNM) traded up 1.898% during trading on Tuesday, hitting $45.895. The stock had a trading volume of 609,114 shares. Unum Group has a 12 month low of $29.79 and a 12 month high of $50.27. The company has a market cap of $10.52 billion, a PE ratio of 11.619 and a beta of 1.54. The company’s 50 day moving average is $47.01 and its 200-day moving average is $43.61.
Unum Group (NYSE:UNM) last released its earnings results on Wednesday, February 1st. The financial services provider reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. Unum Group had a return on equity of 10.18% and a net margin of 8.43%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UNM. Glassman Wealth Services boosted its position in Unum Group by 12,121.4% in the fourth quarter. Glassman Wealth Services now owns 3,422 shares of the financial services provider’s stock valued at $150,000 after buying an additional 3,394 shares during the last quarter. Coastline Trust Co bought a new position in Unum Group during the first quarter valued at approximately $202,000. Federated Investors Inc. PA boosted its position in Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock valued at $191,000 after buying an additional 4,346 shares during the last quarter. Global X Management Co. LLC boosted its position in Unum Group by 74.6% in the third quarter. Global X Management Co. LLC now owns 4,529 shares of the financial services provider’s stock valued at $160,000 after buying an additional 1,935 shares during the last quarter. Finally, SRB Corp boosted its position in Unum Group by 13.9% in the third quarter. SRB Corp now owns 4,568 shares of the financial services provider’s stock valued at $161,000 after buying an additional 558 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Pamela H. Godwin sold 10,000 shares of the business’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $46.86, for a total transaction of $468,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy Gerald Arnold sold 2,000 shares of the business’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $48.54, for a total value of $97,080.00. The disclosure for this sale can be found here. Insiders have sold a total of 37,000 shares of company stock valued at $1,738,430 over the last three months. 0.62% of the stock is currently owned by insiders.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, April 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 26th. This represents a $0.80 annualized dividend and a yield of 1.78%. Unum Group’s payout ratio is 20.20%.
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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