Unum Group’s (UNM) “Hold” Rating Reaffirmed at Keefe, Bruyette & Woods

Unum Group (NYSE:UNM)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a research report issued on Friday, November 10th. They currently have a $53.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential downside of 6.06% from the stock’s current price.

UNM has been the topic of several other research reports. BidaskClub raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a report on Friday, August 11th. Wells Fargo & Company set a $48.00 target price on shares of Unum Group and gave the company a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Unum Group from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a report on Monday, July 31st. SunTrust Banks reaffirmed a “buy” rating and set a $58.00 target price on shares of Unum Group in a report on Wednesday, September 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $52.00 price target on shares of Unum Group in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $53.27.

Unum Group (UNM) traded up $1.19 during trading on Friday, hitting $56.42. 1,583,500 shares of the stock traded hands, compared to its average volume of 1,173,420. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $12,660.00, a PE ratio of 13.00, a P/E/G ratio of 1.82 and a beta of 1.65. Unum Group has a 12-month low of $42.00 and a 12-month high of $56.62.

Unum Group (NYSE:UNM) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.05. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.82 billion. During the same quarter last year, the company posted $1.01 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. equities research analysts forecast that Unum Group will post 4.24 EPS for the current year.

In other news, EVP Christopher J. Jerome sold 7,849 shares of Unum Group stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $53.24, for a total transaction of $417,880.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director E Michael Caulfield sold 3,814 shares of Unum Group stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $52.42, for a total transaction of $199,929.88. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of UNM. BB&T Investment Services Inc. purchased a new position in Unum Group during the 2nd quarter valued at about $100,000. Jacobi Capital Management LLC purchased a new position in Unum Group during the 2nd quarter valued at about $159,000. Huntington National Bank lifted its position in Unum Group by 25.8% during the 2nd quarter. Huntington National Bank now owns 3,417 shares of the financial services provider’s stock valued at $160,000 after acquiring an additional 700 shares during the period. Invictus RG purchased a new position in Unum Group during the 3rd quarter valued at about $176,000. Finally, Keel Point LLC purchased a new position in Unum Group during the 3rd quarter valued at about $202,000. 91.71% of the stock is owned by institutional investors.

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About Unum Group

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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