Analysts Set Unum Group (UNM) Price Target at $53.08
Shares of Unum Group (NYSE:UNM) have received a consensus rating of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $53.08.
UNM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Unum Group from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Friday, October 12th. TheStreet downgraded shares of Unum Group from a “b-” rating to a “c+” rating in a research report on Wednesday, October 24th.
Unum Group stock traded up $0.99 during midday trading on Tuesday, reaching $38.01. 3,363,400 shares of the company traded hands, compared to its average volume of 2,026,662. The company has a market cap of $8.25 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.32. Unum Group has a 12 month low of $33.27 and a 12 month high of $58.73. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.35.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, October 29th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, October 26th. This represents a $1.04 annualized dividend and a yield of 2.74%. Unum Group’s payout ratio is presently 24.24%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UNM. Bank of Montreal Can bought a new position in Unum Group in the second quarter worth approximately $152,694,000. Donald Smith & CO. Inc. raised its position in Unum Group by 158.2% in the second quarter. Donald Smith & CO. Inc. now owns 5,328,092 shares of the financial services provider’s stock worth $197,086,000 after acquiring an additional 3,264,382 shares during the period. Nuance Investments LLC raised its position in Unum Group by 224.9% in the second quarter. Nuance Investments LLC now owns 1,802,312 shares of the financial services provider’s stock worth $66,668,000 after acquiring an additional 1,247,604 shares during the period. Victory Capital Management Inc. raised its position in Unum Group by 1,402.8% in the second quarter. Victory Capital Management Inc. now owns 1,032,795 shares of the financial services provider’s stock worth $38,203,000 after acquiring an additional 964,068 shares during the period. Finally, Hexavest Inc. bought a new position in Unum Group in the second quarter worth approximately $32,895,000. Institutional investors and hedge funds own 91.36% of the company’s stock.
Unum Group Company Profile
Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum UK, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products.
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