Brokerages Set Unum Group (NYSE:UNM) PT at $35.92
Unum Group (NYSE:UNM) has earned an average recommendation of “Hold” from the fourteen research firms that are presently covering the firm. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.92.
UNM has been the topic of several analyst reports. FBR & Co lowered shares of Unum Group from a “market perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Monday, July 11th. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Tuesday. Bank of America Corp. lowered shares of Unum Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 29th. Evercore ISI initiated coverage on shares of Unum Group in a research note on Wednesday, July 6th. They issued a “sell” rating and a $29.00 price target on the stock. Finally, Goldman Sachs Group Inc. lowered shares of Unum Group from a “neutral” rating to a “sell” rating and dropped their price target for the company from $36.00 to $30.00 in a research note on Friday, July 15th.
In related news, Director Thomas R. Watjen sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $33.24, for a total transaction of $1,329,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Unum Group by 2.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 201,543 shares of the company’s stock worth $6,232,000 after buying an additional 4,319 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Unum Group by 5.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 55,897 shares of the company’s stock worth $1,728,000 after buying an additional 2,965 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in Unum Group by 6.6% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 58,156 shares of the company’s stock worth $1,798,000 after buying an additional 3,589 shares in the last quarter. PGGM Investments raised its position in Unum Group by 2.5% in the first quarter. PGGM Investments now owns 166,627 shares of the company’s stock worth $5,152,000 after buying an additional 4,037 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in Unum Group by 17.6% in the first quarter. Glenmede Trust Co. NA now owns 50,604 shares of the company’s stock worth $1,564,000 after buying an additional 7,585 shares in the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.
Shares of Unum Group (NYSE:UNM) opened at 34.69 on Tuesday. Unum Group has a 1-year low of $23.99 and a 1-year high of $37.26. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 9.56 and a beta of 1.49. The company has a 50-day moving average price of $34.87 and a 200-day moving average price of $33.61.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.05. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.75 billion. Unum Group had a net margin of 8.07% and a return on equity of 10.37%. Unum Group’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, equities analysts expect that Unum Group will post $3.86 earnings per share for the current fiscal year.
Unum Group Company Profile
Unum Group is a provider of disability insurance products in the United States and the United Kingdom. The Company provides a portfolio of other insurance products, including employer and employee paid group benefits, life insurance and other related services. Its segments are Unum US, Unum UK, Colonial Life, Closed Block and Corporate.
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