Unum Group (NYSE:UNM) has been given a consensus recommendation of “Hold” by the fifteen research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $53.33.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Unum Group from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. Barclays dropped their target price on shares of Unum Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday, July 9th. Wells Fargo & Co set a $53.00 target price on shares of Unum Group and gave the stock a “hold” rating in a report on Thursday, May 24th. Finally, Citigroup set a $44.00 price target on shares of Unum Group and gave the company a “hold” rating in a research report on Tuesday, June 12th.
UNM stock traded up $0.51 during mid-day trading on Friday, reaching $39.99. 73,355 shares of the stock traded hands, compared to its average volume of 2,056,917. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.32. Unum Group has a one year low of $34.57 and a one year high of $58.73. The stock has a market capitalization of $8.56 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.85 and a beta of 1.37.
Unum Group (NYSE:UNM) last posted its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.03. The firm had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.90 billion. Unum Group had a net margin of 9.42% and a return on equity of 11.19%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. equities research analysts expect that Unum Group will post 5.1 EPS for the current year.
Unum Group announced that its board has approved a stock buyback plan on Thursday, May 24th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the financial services provider to purchase up to 8.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
In other Unum Group news, EVP Breege A. Farrell sold 7,500 shares of the stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $40.66, for a total transaction of $304,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.40% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in Unum Group by 95.1% in the 2nd quarter. Signaturefd LLC now owns 3,313 shares of the financial services provider’s stock worth $123,000 after buying an additional 1,615 shares during the period. Focused Wealth Management Inc increased its holdings in Unum Group by 12,500.0% in the 2nd quarter. Focused Wealth Management Inc now owns 3,528 shares of the financial services provider’s stock worth $131,000 after buying an additional 3,500 shares during the period. Tuttle Tactical Management acquired a new stake in shares of Unum Group during the 2nd quarter worth approximately $166,000. Cerebellum GP LLC acquired a new stake in shares of Unum Group during the 2nd quarter worth approximately $176,000. Finally, Exane Asset Management acquired a new stake in shares of Unum Group during the 2nd quarter worth approximately $195,000. 91.15% of the stock is owned by institutional investors and hedge funds.
About Unum Group
Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. 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.
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