Unum Group (NYSE:UNM)‘s stock had its “hold” rating reiterated by stock analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a $51.00 price objective on the financial services provider’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 2.35% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Unum Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Thursday, August 17th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $58.00 target price on shares of Unum Group in a research note on Wednesday, September 27th. Finally, Morgan Stanley lifted their target price on shares of Unum Group from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Unum Group presently has an average rating of “Hold” and an average price target of $51.33.
Shares of Unum Group (UNM) opened at 52.23 on Tuesday. The stock has a market cap of $11.79 billion, a P/E ratio of 12.58 and a beta of 1.59. Unum Group has a 1-year low of $34.83 and a 1-year high of $52.75. The company’s 50-day moving average is $49.59 and its 200-day moving average is $47.61.
Unum Group (NYSE:UNM) last announced its earnings results on Thursday, July 27th. The financial services provider reported $1.05 earnings per share (EPS) 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 analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the company posted $1.00 EPS. Equities analysts expect that Unum Group will post $4.17 EPS for the current fiscal year.
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In other news, Director Pamela H. Godwin sold 2,500 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gloria C. Larson sold 2,460 shares of the business’s stock in a transaction dated 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. Insiders own 0.53% of the company’s stock.
Several hedge funds have recently made changes to their positions in UNM. BB&T Investment Services Inc. purchased a new stake in Unum Group in the 2nd quarter valued at about $100,000. Jacobi Capital Management LLC purchased a new stake in Unum Group in the 2nd quarter valued at about $159,000. Huntington National Bank raised its holdings in Unum Group by 25.8% in the 2nd 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 period. Pacer Advisors Inc. raised its holdings in Unum Group by 3.2% in the 1st quarter. Pacer Advisors Inc. now owns 4,366 shares of the financial services provider’s stock valued at $205,000 after buying an additional 134 shares during the period. Finally, Johnson Financial Group Inc. raised its holdings in Unum Group by 4.7% in the 1st quarter. Johnson Financial Group Inc. now owns 4,446 shares of the financial services provider’s stock valued at $208,000 after buying an additional 200 shares during the period. 92.34% of the stock is currently owned by hedge funds and other institutional investors.
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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