Unum Group (UNM) Receives $46.86 Consensus Target Price from Analysts
Shares of Unum Group (NYSE:UNM) have been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $46.86.
Several research analysts recently commented on UNM shares. BidaskClub raised shares of Unum Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Unum Group from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Wednesday, June 28th. Finally, Wells Fargo & Company reaffirmed a “hold” rating on shares of Unum Group in a report on Sunday, July 30th.
Shares of Unum Group (UNM) traded up 1.46% during midday trading on Wednesday, hitting $47.11. The company had a trading volume of 861,356 shares. The company’s 50-day moving average price is $48.86 and its 200 day moving average price is $47.24. Unum Group has a 12-month low of $33.98 and a 12-month high of $51.43. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 11.35 and a beta of 1.57.
Unum Group (NYSE:UNM) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.04. The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.80 billion. Unum Group had a net margin of 8.57% and a return on equity of 10.23%. During the same period last year, the firm earned $1.00 EPS. Equities research analysts predict that Unum Group will post $4.17 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, July 31st were issued a dividend of $0.23 per share. This is an increase from Unum Group’s previous quarterly dividend of $0.20. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, July 27th. Unum Group’s payout ratio is currently 22.17%.
Unum Group declared that its Board of Directors has approved a share repurchase program on Thursday, May 25th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 7.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Pamela H. Godwin sold 2,500 shares of Unum Group stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.71, for a total value of $126,775.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Breege A. Farrell sold 15,000 shares of Unum Group stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $45.47, for a total transaction of $682,050.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,960 shares of company stock worth $932,391. 0.53% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of UNM. First Manhattan Co. raised its position in Unum Group by 23.0% in the 1st quarter. First Manhattan Co. now owns 5,350 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 1,000 shares during the period. Acadian Asset Management LLC raised its position in Unum Group by 3,723.3% in the 1st quarter. Acadian Asset Management LLC now owns 6,882 shares of the financial services provider’s stock worth $323,000 after purchasing an additional 6,702 shares during the period. Russell Investments Group Ltd. raised its position in Unum Group by 16.1% in the 1st quarter. Russell Investments Group Ltd. now owns 86,389 shares of the financial services provider’s stock worth $4,050,000 after purchasing an additional 11,977 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in Unum Group by 10.8% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 19,728 shares of the financial services provider’s stock worth $925,000 after purchasing an additional 1,923 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Unum Group by 8.0% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,109 shares of the financial services provider’s stock worth $1,834,000 after purchasing an additional 2,891 shares during the period. Institutional investors own 92.37% of the company’s stock.
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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