Unum Group (UNM) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $1.00 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.94. The company posted revenue of $2761.30 million in the period, compared to analysts expectations of $2746.99 million. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.90 EPS.
Many Wall Street Analysts have commented on Unum Group. Unum Group was Downgraded by Goldman to ” Sell” on Jul 15, 2016. FBR Capital Downgraded Unum Group on Jul 11, 2016 to ” Underperform”, Price Target of the shares are set at $31.Unum Group was Downgraded by BofA/Merrill to ” Underperform” on Jun 29, 2016.
Unum Group opened for trading at $32.49 and hit $33.69 on the upside on Thursday, eventually ending the session at $33.57, with a gain of 3.90% or 1.26 points. The heightened volatility saw the trading volume jump to 23,07,902 shares. Company has a market cap of $7,982 M.
In a different news, on Jun 2, 2016, Timothy Gerald Arnold (EVP, President & CEO, Colonial) sold 1,600 shares at $36.99 per share price. According to the SEC, on May 10, 2016, A S Macmillan (director) sold 327 shares at $33.49 per share price. On May 4, 2016, Thomas R Watjen (director) sold 40,000 shares at $34.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Companys business segments: Unum US Unum UK Colonial Life Closed Block and Corporate. Unum US includes group long-term and short-term disability insurance group life and accidental death and dismemberment products and supplemental and voluntary lines of business. Unum UK includes insurance for group long-term disability group life and lines of business which include individual disability and critical illness products. Colonial Life includes insurance for accident sickness and disability products life products and cancer and critical illness products to employees. The Companys Closed Block segment consists of individual disability group and individual long-term care and other insurance products no longer actively marketed. Its Corporate segment includes investment income on corporate assets not specifically allocated to a line of business.