Q3 Earnings Estimate for Unum Group Issued By Zacks Research

Unum Group (NYSE:UNM) – Equities researchers at Zacks Research dropped their Q3 2027 earnings per share estimates for Unum Group in a research report issued to clients and investors on Tuesday, October 28th. Zacks Research analyst Team now forecasts that the financial services provider will earn $2.66 per share for the quarter, down from their prior estimate of $2.68. The consensus estimate for Unum Group’s current full-year earnings is $9.14 per share.

Unum Group (NYSE:UNM) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.07 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.16). The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.35 billion. Unum Group had a net margin of 11.77% and a return on equity of 13.44%. Unum Group’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.16 earnings per share.

UNM has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $95.00 price objective (down from $100.00) on shares of Unum Group in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on Unum Group from $87.00 to $96.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Wells Fargo & Company lowered their price objective on Unum Group from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on Unum Group from $79.00 to $81.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 7th. Finally, UBS Group set a $87.00 price objective on Unum Group and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.75.

Unum Group Price Performance

NYSE:UNM opened at $73.41 on Friday. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.23 and a beta of 0.36. Unum Group has a 1 year low of $63.84 and a 1 year high of $84.48. The business has a 50 day simple moving average of $74.96 and a 200-day simple moving average of $76.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30.

Unum Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, October 24th. Unum Group’s dividend payout ratio is presently 22.01%.

Institutional Investors Weigh In On Unum Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Capital Management LLC increased its holdings in Unum Group by 2.2% during the 1st quarter. Advisors Capital Management LLC now owns 6,308 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 136 shares during the period. NDVR Inc. increased its holdings in Unum Group by 3.3% during the 2nd quarter. NDVR Inc. now owns 4,526 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 145 shares during the period. True Wealth Design LLC increased its holdings in Unum Group by 36.2% during the 3rd quarter. True Wealth Design LLC now owns 587 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 156 shares during the period. Waterfront Wealth Inc. increased its holdings in Unum Group by 0.5% during the 2nd quarter. Waterfront Wealth Inc. now owns 29,350 shares of the financial services provider’s stock worth $2,370,000 after purchasing an additional 158 shares during the period. Finally, Ritholtz Wealth Management increased its holdings in Unum Group by 0.4% during the 2nd quarter. Ritholtz Wealth Management now owns 42,327 shares of the financial services provider’s stock worth $3,418,000 after purchasing an additional 160 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

About Unum Group

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. 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.