SunTrust Banks restated their buy rating on shares of Unum Group (NYSE:UNM) in a research report report published on Thursday. SunTrust Banks currently has a $69.00 price target on the financial services provider’s stock. SunTrust Banks also issued estimates for Unum Group’s Q1 2018 earnings at $1.23 EPS, Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.28 EPS and Q4 2018 earnings at $1.35 EPS.

UNM has been the topic of a number of other reports. Wells Fargo & Co set a $48.00 price target on Unum Group and gave the company a hold rating in a report on Wednesday, October 25th. Royal Bank of Canada reissued a hold rating and set a $52.00 price target on shares of Unum Group in a report on Friday, October 27th. Zacks Investment Research cut Unum Group from a buy rating to a hold rating in a report on Monday, September 18th. ValuEngine raised Unum Group from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Finally, Deutsche Bank began coverage on Unum Group in a report on Tuesday, January 2nd. They set a hold rating and a $58.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Unum Group currently has a consensus rating of Hold and an average target price of $56.00.

Unum Group (NYSE:UNM) opened at $58.59 on Thursday. Unum Group has a twelve month low of $43.55 and a twelve month high of $58.73. The company has a market capitalization of $13,146.96, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.65 and a beta of 1.67. 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 (NYSE:UNM) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the firm earned $1.01 EPS. Unum Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. analysts anticipate that Unum Group will post 4.23 earnings per share for the current year.

In other news, CEO Timothy Gerald Arnold sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $55.07, for a total transaction of $55,070.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lisa G. Iglesias sold 8,459 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $54.83, for a total value of $463,806.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,122 shares of company stock valued at $1,136,688. Company insiders own 0.53% of the company’s stock.

Several institutional investors have recently modified their holdings of UNM. Janus Henderson Group PLC grew its position in shares of Unum Group by 8,280.8% during the second quarter. Janus Henderson Group PLC now owns 2,062,519 shares of the financial services provider’s stock valued at $96,175,000 after purchasing an additional 2,037,909 shares in the last quarter. Balyasny Asset Management LLC grew its position in shares of Unum Group by 370.0% during the second quarter. Balyasny Asset Management LLC now owns 874,161 shares of the financial services provider’s stock valued at $40,762,000 after purchasing an additional 688,176 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Unum Group by 2,958.0% during the third quarter. Assenagon Asset Management S.A. now owns 637,002 shares of the financial services provider’s stock valued at $32,570,000 after purchasing an additional 616,171 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Unum Group by 21.2% during the third quarter. Bank of New York Mellon Corp now owns 2,944,398 shares of the financial services provider’s stock valued at $150,548,000 after purchasing an additional 515,351 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in shares of Unum Group by 73.0% during the second quarter. Parametric Portfolio Associates LLC now owns 873,039 shares of the financial services provider’s stock valued at $40,710,000 after purchasing an additional 368,361 shares in the last quarter. Hedge funds and other institutional investors own 91.75% 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.

Analyst Recommendations for Unum Group (NYSE:UNM)

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