Unum Group (NYSE:UNM) had its price target hoisted by equities researchers at Morgan Stanley from $52.00 to $55.00 in a research note issued on Thursday, October 5th. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 4.92% from the stock’s previous close.
A number of other equities analysts have also issued reports on UNM. Barclays PLC increased their price target on Unum Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Zacks Investment Research lowered Unum Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. BidaskClub upgraded Unum Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. SunTrust Banks, Inc. reiterated a “buy” rating and set a $58.00 price objective on shares of Unum Group in a research report on Wednesday, September 27th. Finally, Wells Fargo & Company reiterated a “hold” rating on shares of Unum Group in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $51.33.
Shares of Unum Group (NYSE UNM) opened at 52.42 on Thursday. The company has a 50 day moving average price of $49.84 and a 200 day moving average price of $47.72. The company has a market capitalization of $11.83 billion, a P/E ratio of 12.63 and a beta of 1.59. Unum Group has a 12-month low of $34.83 and a 12-month high of $52.75.
Unum Group (NYSE:UNM) last posted its earnings results on Thursday, July 27th. The financial services provider reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.04. Unum Group had a return on equity of 10.23% and a net margin of 8.57%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company earned $1.00 earnings per share. Equities analysts anticipate that Unum Group will post $4.17 EPS for the current year.
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In other Unum Group news, Director Pamela H. Godwin sold 2,500 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $50.71, for a total transaction of $126,775.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gloria C. Larson sold 2,460 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $50.23, for a total transaction of $123,565.80. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
Large investors have recently modified their holdings of the company. Achmea Investment Management B.V. acquired a new stake in shares of Unum Group in the first quarter valued at about $3,930,000. Aviva PLC grew its position in shares of Unum Group by 0.5% in the second quarter. Aviva PLC now owns 144,311 shares of the financial services provider’s stock valued at $6,731,000 after purchasing an additional 690 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Unum Group by 30.5% in the second quarter. Prudential Financial Inc. now owns 3,109,206 shares of the financial services provider’s stock valued at $144,982,000 after buying an additional 727,487 shares during the period. Atwood & Palmer Inc. bought a new stake in shares of Unum Group in the second quarter valued at about $5,538,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Unum Group by 5.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 745,940 shares of the financial services provider’s stock valued at $34,783,000 after buying an additional 38,078 shares during the period. 92.20% of the stock is currently owned by institutional investors.
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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