Unum Group (NYSE:UNM) has earned an average rating of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $56.00.
A number of brokerages have recently commented on UNM. SunTrust Banks reissued a “buy” rating and issued a $69.00 target price on shares of Unum Group in a research note on Thursday. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Friday. Wells Fargo & Co set a $48.00 target price on shares of Unum Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. ValuEngine raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $51.00 target price on shares of Unum Group in a research note on Tuesday, October 10th.
Unum Group (UNM) traded up $0.37 during trading hours on Tuesday, reaching $58.59. 997,333 shares of the company’s stock were exchanged, compared to its average volume of 1,420,722. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market capitalization of $13,160.00, a P/E ratio of 13.75, a P/E/G ratio of 1.74 and a beta of 1.66. Unum Group has a 12 month low of $43.55 and a 12 month high of $58.73.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. research analysts anticipate that Unum Group will post 4.23 earnings per share for the current year.
In related news, Director E Michael Caulfield sold 3,814 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy Gerald Arnold sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were 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. In the last three months, insiders sold 21,122 shares of company stock worth $1,136,688. Insiders own 0.53% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. grew its holdings in Unum Group by 418.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 45,905 shares of the financial services provider’s stock valued at $2,520,000 after purchasing an additional 37,057 shares in the last quarter. DnB Asset Management AS grew its holdings in Unum Group by 14.4% during the 4th quarter. DnB Asset Management AS now owns 23,880 shares of the financial services provider’s stock valued at $1,311,000 after purchasing an additional 3,000 shares in the last quarter. Aurora Investment Counsel acquired a new stake in Unum Group during the 4th quarter valued at $1,963,000. Pensionfund Sabic acquired a new stake in Unum Group during the 4th quarter valued at $1,592,000. Finally, Pensionfund DSM Netherlands acquired a new stake in Unum Group during the 4th quarter valued at $3,129,000. 91.52% of the stock is owned by institutional investors and hedge funds.
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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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