B. Riley Weighs in on Unum Group’s FY2018 Earnings (UNM)
Unum Group (NYSE:UNM) – Equities researchers at B. Riley raised their FY2018 earnings per share (EPS) estimates for shares of Unum Group in a research report issued on Tuesday. B. Riley analyst R. Binner now expects that the financial services provider will post earnings of $5.20 per share for the year, up from their prior forecast of $5.00. B. Riley has a “Buy” rating and a $58.00 price target on the stock. B. Riley also issued estimates for Unum Group’s FY2019 earnings at $5.60 EPS.
Several other equities analysts also recently commented on UNM. Goldman Sachs Group initiated coverage on shares of Unum Group in a research note on Wednesday, October 18th. They issued a “sell” rating and a $48.00 price target on the stock. Wells Fargo & Co set a $48.00 price objective on shares of Unum Group and gave the stock a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks reaffirmed a “buy” rating and set a $62.00 price objective on shares of Unum Group in a research report on Friday, October 27th. Royal Bank of Canada reaffirmed a “hold” rating and set a $52.00 price objective on shares of Unum Group in a research report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $53.00 price objective on shares of Unum Group in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.73.
Unum Group (NYSE:UNM) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Unum Group had a net margin of 8.81% and a return on equity of 10.43%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the company posted $0.99 earnings per share. Unum Group’s revenue was up 1.5% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of UNM. Cerebellum GP LLC bought a new position in shares of Unum Group in the fourth quarter worth about $125,000. Pinebridge Investments L.P. lifted its holdings in shares of Unum Group by 160.9% in the fourth quarter. Pinebridge Investments L.P. now owns 2,930 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 1,807 shares during the last quarter. Invictus RG bought a new position in shares of Unum Group in the third quarter worth about $176,000. Keel Point LLC bought a new position in shares of Unum Group in the third quarter worth about $202,000. Finally, Schulhoff & Co. Inc. bought a new position in shares of Unum Group in the third quarter worth about $204,000. 90.62% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Lisa G. Iglesias sold 8,459 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $54.83, for a total value of $463,806.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $55.07, for a total transaction of $55,070.00. The disclosure for this sale can be found here. Insiders have sold 26,896 shares of company stock valued at $1,464,183 in the last ninety days. 0.53% of the stock is currently owned by company insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, January 29th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 26th. This represents a $0.92 annualized dividend and a yield of 1.79%. Unum Group’s dividend payout ratio is 21.00%.
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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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