Royal Bank of Canada restated their hold rating on shares of Unum Group (NYSE:UNM) in a research note released on Thursday morning. The firm currently has a $54.00 price target on the financial services provider’s stock.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Unum Group from a hold rating to a buy rating and set a $63.00 price objective for the company in a report on Friday, January 12th. SunTrust Banks restated a buy rating and issued a $69.00 price objective on shares of Unum Group in a report on Thursday, January 11th. Morgan Stanley increased their price objective on Unum Group from $52.00 to $55.00 and gave the company an equal weight rating in a report on Thursday, October 5th. Deutsche Bank started coverage on Unum Group in a report on Tuesday, January 2nd. They issued a hold rating and a $58.00 price objective for the company. Finally, Wells Fargo & Co set a $48.00 price objective on Unum Group and gave the company a hold rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $56.18.

Shares of Unum Group (NYSE:UNM) opened at $52.71 on Thursday. The firm has a market capitalization of $11,700.00, a price-to-earnings ratio of 12.03, a P/E/G ratio of 1.49 and a beta of 1.51. Unum Group has a 1-year low of $43.55 and a 1-year high of $58.73. 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 posted its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.84 billion. Unum Group had a return on equity of 11.25% and a net margin of 9.40%. Unum Group’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. equities analysts anticipate that Unum Group will post 5.11 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, January 29th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 26th. This represents a $0.92 dividend on an annualized basis and a yield of 1.75%. Unum Group’s payout ratio is currently 21.00%.

In other Unum Group news, EVP Lisa G. Iglesias sold 8,459 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $54.83, for a total transaction of $463,806.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher J. Jerome sold 7,849 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $53.24, for a total transaction of $417,880.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,896 shares of company stock valued at $1,203,733. Company insiders own 0.53% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in UNM. PNC Financial Services Group Inc. boosted its position in shares of Unum Group by 2.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 23,138 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 518 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Unum Group by 7.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 27,861 shares of the financial services provider’s stock worth $1,299,000 after purchasing an additional 2,003 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Unum Group by 30.7% during the 2nd quarter. GSA Capital Partners LLP now owns 10,521 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 2,469 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Unum Group by 34.9% during the 2nd quarter. Stifel Financial Corp now owns 35,631 shares of the financial services provider’s stock worth $1,660,000 after purchasing an additional 9,227 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Unum Group by 13.5% during the 2nd quarter. HighTower Advisors LLC now owns 10,467 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 1,247 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors.

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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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