Unum Group (UNM) Given “Hold” Rating at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Unum Group (NYSE:UNM) in a research report released on Friday morning. Keefe, Bruyette & Woods currently has a $53.00 price target on the financial services provider’s stock.
A number of other brokerages have also recently issued reports on UNM. SunTrust Banks, Inc. reissued a buy rating and issued a $62.00 target price on shares of Unum Group in a report on Friday, October 27th. B. Riley raised Unum Group from a sell rating to a neutral rating and increased their target price for the stock from $43.00 to $52.00 in a report on Monday, November 6th. Royal Bank of Canada reissued a hold rating and issued a $52.00 target price on shares of Unum Group in a report on Friday, October 27th. Wells Fargo & Company set a $48.00 target price on Unum Group and gave the stock a hold rating in a report on Wednesday, October 25th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Unum Group in a report on Wednesday, October 18th. They issued a sell rating and a $48.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $51.38.
Shares of Unum Group (NYSE:UNM) traded down $0.11 during mid-day trading on Friday, hitting $52.42. The company’s stock had a trading volume of 1,731,100 shares, compared to its average volume of 1,167,901. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. Unum Group has a 52 week low of $39.63 and a 52 week high of $53.36. The company has a market cap of $11,787.16, a P/E ratio of 12.63, a P/E/G ratio of 1.77 and a beta of 1.65.
Unum Group (NYSE:UNM) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.05. Unum Group had a return on equity of 10.37% and a net margin of 8.67%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company earned $1.01 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts expect that Unum Group will post 4.24 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Monday, October 30th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, October 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. Unum Group’s dividend payout ratio is 21.60%.
In related news, Director E Michael Caulfield sold 3,814 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $52.42, for a total transaction of $199,929.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.53% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in Unum Group by 9.1% during the 3rd quarter. Wells Fargo & Company MN now owns 766,453 shares of the financial services provider’s stock valued at $39,190,000 after purchasing an additional 63,792 shares in the last quarter. Cadence Capital Management LLC increased its holdings in Unum Group by 15.8% during the 3rd quarter. Cadence Capital Management LLC now owns 9,314 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 1,272 shares in the last quarter. Dai Ichi Life Insurance Company Ltd acquired a new stake in Unum Group during the 3rd quarter valued at $205,000. Nuance Investments LLC acquired a new stake in shares of Unum Group in the 3rd quarter valued at $7,265,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Unum Group by 8.3% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,354 shares of the financial services provider’s stock valued at $938,000 after buying an additional 1,399 shares during the period. 93.85% of the stock is owned by hedge funds and other institutional investors.
About Unum Group
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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