Unum Group (NYSE:UNM) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday, July 11th.
A number of other brokerages have also commented on UNM. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Wednesday, June 28th. Royal Bank Of Canada reiterated a “hold” rating and issued a $50.00 price target on shares of Unum Group in a research note on Friday, April 28th. Deutsche Bank AG upped their price target on shares of Unum Group from $46.00 to $48.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Finally, Citigroup Inc. lowered shares of Unum Group from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research note on Monday, March 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.67.
Shares of Unum Group (NYSE UNM) traded up 0.30% during mid-day trading on Tuesday, reaching $50.75. The company’s stock had a trading volume of 881,870 shares. The company has a 50 day moving average price of $47.46 and a 200 day moving average price of $46.79. Unum Group has a 12 month low of $32.64 and a 12 month high of $51.43. The stock has a market capitalization of $11.45 billion, a P/E ratio of 12.22 and a beta of 1.56.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the business earned $1.00 EPS. On average, equities research analysts anticipate that Unum Group will post $4.17 earnings per share for the current fiscal year.
Unum Group announced that its Board of Directors has authorized a share buyback program on Thursday, May 25th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 7.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
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In other news, EVP Breege A. Farrell sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $45.47, for a total transaction of $682,050.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gloria C. Larson sold 2,460 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $50.23, for a total transaction of $123,565.80. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Unum Group by 1.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,434 shares of the financial services provider’s stock valued at $114,000 after buying an additional 29 shares during the last quarter. Crestwood Advisors Group LLC bought a new stake in Unum Group during the first quarter valued at $150,000. Huntington National Bank boosted its stake in Unum Group by 25.8% in the second quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock valued at $160,000 after buying an additional 700 shares during the last quarter. First Manhattan Co. boosted its stake in Unum Group by 23.0% in the first quarter. First Manhattan Co. now owns 5,350 shares of the financial services provider’s stock valued at $188,000 after buying an additional 1,000 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in Unum Group by 217,300.0% in the fourth quarter. Federated Investors Inc. PA now owns 4,348 shares of the financial services provider’s stock valued at $191,000 after buying an additional 4,346 shares during the last quarter. 93.89% of the stock is owned by institutional investors and hedge funds.
Unum Group Company Profile
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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