Unum Group (UNM) PT Raised to $40.00
Unum Group (NYSE:UNM) had its price target lifted by stock analysts at FBR & Co from $31.00 to $40.00 in a research report issued to clients and investors on Monday. The brokerage currently has an “underperform” rating on the stock. FBR & Co’s price objective suggests a potential downside of 4.81% from the company’s current price.
Several other research firms have also recently issued reports on UNM. Zacks Investment Research cut Unum Group from a “buy” rating to a “hold” rating in a research report on Monday, October 17th. Wells Fargo & Co. initiated coverage on Unum Group in a research report on Thursday, September 22nd. They set a “market perform” rating for the company. RBC Capital Markets reiterated an “outperform” rating and set a $43.00 target price (up previously from $36.00) on shares of Unum Group in a research report on Tuesday, November 15th. Royal Bank Of Canada increased their target price on Unum Group from $36.00 to $43.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 15th. Finally, Goldman Sachs Group Inc. raised their price target on Unum Group from $30.00 to $33.00 and gave the company a “sell” rating in a report on Friday, September 23rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $38.60.
Unum Group (NYSE:UNM) opened at 42.02 on Monday. The stock’s 50 day moving average price is $38.25 and its 200 day moving average price is $35.24. Unum Group has a 1-year low of $23.99 and a 1-year high of $43.47. The stock has a market capitalization of $9.75 billion, a PE ratio of 11.03 and a beta of 1.50.
Unum Group (NYSE:UNM) last released its earnings results on Wednesday, October 26th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Unum Group had a return on equity of 10.24% and a net margin of 8.29%. The firm earned $2.76 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the business posted $0.83 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Unum Group will post $3.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, October 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, October 27th. Unum Group’s dividend payout ratio is currently 20.94%.
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In related news, Director Thomas R. Watjen sold 178,927 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $35.56, for a total transaction of $6,362,644.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher J. Jerome sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $41.49, for a total value of $331,920.00. The disclosure for this sale can be found here. Corporate insiders own 0.62% of the company’s stock.
Several large investors have recently modified their holdings of the company. Barometer Capital Management Inc. purchased a new stake in shares of Unum Group during the second quarter worth $480,000. Nisa Investment Advisors LLC raised its stake in shares of Unum Group by 30.3% in the second quarter. Nisa Investment Advisors LLC now owns 77,373 shares of the company’s stock worth $2,460,000 after buying an additional 17,970 shares during the period. MAI Capital Management raised its stake in shares of Unum Group by 5.3% in the second quarter. MAI Capital Management now owns 6,862 shares of the company’s stock worth $218,000 after buying an additional 344 shares during the period. Legacy Private Trust Co. purchased a new stake in shares of Unum Group during the second quarter worth $549,000. Finally, Foundry Partners LLC raised its stake in shares of Unum Group by 3.8% in the second quarter. Foundry Partners LLC now owns 396,469 shares of the company’s stock worth $12,604,000 after buying an additional 14,545 shares during the period. 92.81% of the stock is owned by hedge funds and other institutional investors.
About Unum Group
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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