Unum Group (UNM) Receives Average Recommendation of “Hold” from Brokerages
Shares of Unum Group (NYSE:UNM) have earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $54.00.
A number of brokerages recently issued reports on UNM. Zacks Investment Research downgraded Unum Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub downgraded Unum Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Wells Fargo & Company set a $56.00 price objective on Unum Group and gave the stock a “hold” rating in a research report on Wednesday. SunTrust Banks reiterated a “buy” rating and issued a $62.00 price objective on shares of Unum Group in a research report on Friday, October 27th. Finally, ValuEngine upgraded Unum Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st.
Shares of Unum Group (UNM) traded down $0.68 during mid-day trading on Friday, hitting $54.26. The company had a trading volume of 2,347,000 shares, compared to its average volume of 1,187,608. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.29. Unum Group has a one year low of $43.33 and a one year high of $57.55. The stock has a market capitalization of $12,327.94, a P/E ratio of 13.21, a PEG ratio of 1.86 and a beta of 1.66.
The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, October 30th were given a dividend of $0.23 per share. The ex-dividend date was Friday, October 27th. This represents a $0.92 dividend on an annualized basis and a yield of 1.70%. Unum Group’s payout ratio is 21.60%.
In other Unum Group news, Director E Michael Caulfield sold 3,814 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher J. Jerome sold 7,849 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.24, for a total value of $417,880.76. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UNM. BB&T Investment Services Inc. purchased a new position in shares of Unum Group in the second quarter worth about $100,000. Jacobi Capital Management LLC bought a new stake in shares of Unum Group in the second quarter worth about $159,000. Invictus RG bought a new stake in shares of Unum Group in the third quarter worth about $176,000. Keel Point LLC bought a new stake in shares of Unum Group in the third quarter worth about $202,000. Finally, Schulhoff & Co. Inc. bought a new stake in shares of Unum Group in the third quarter worth about $204,000. Institutional investors and hedge funds own 91.77% of the company’s stock.
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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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