Unum Group (UNM) Receives Average Rating of “Hold” from Brokerages

Unum Group (NYSE:UNM) has been given an average rating of “Hold” by the fourteen brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $54.60.

A number of brokerages recently weighed in on UNM. Zacks Investment Research downgraded shares of Unum Group from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank began coverage on shares of Unum Group in a research note on Tuesday, January 2nd. They set a “hold” rating and a $58.00 target price for the company. ValuEngine raised shares of Unum Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Wells Fargo & Co set a $56.00 target price on shares of Unum Group and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $53.00 target price on shares of Unum Group in a research note on Friday, November 10th.

In related news, CEO Timothy Gerald Arnold sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $55.07, for a total transaction of $55,070.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lisa G. Iglesias sold 8,459 shares of the business’s 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,122 shares of company stock worth $1,136,688. 0.53% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gotham Asset Management LLC boosted its stake in Unum Group by 0.8% in the second quarter. Gotham Asset Management LLC now owns 4,475 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 35 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Unum Group in the second quarter valued at approximately $1,427,000. California Public Employees Retirement System raised its position in shares of Unum Group by 3.7% in the third quarter. California Public Employees Retirement System now owns 785,277 shares of the financial services provider’s stock valued at $40,151,000 after purchasing an additional 27,791 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Unum Group by 11.5% in the second quarter. The Manufacturers Life Insurance Company now owns 273,147 shares of the financial services provider’s stock valued at $12,736,000 after purchasing an additional 28,259 shares during the period. Finally, Riverhead Capital Management LLC raised its position in shares of Unum Group by 4.1% in the second quarter. Riverhead Capital Management LLC now owns 133,127 shares of the financial services provider’s stock valued at $6,208,000 after purchasing an additional 5,232 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Shares of Unum Group (UNM) traded up $0.49 during trading on Tuesday, reaching $56.96. 1,218,997 shares of the company’s stock were exchanged, compared to its average volume of 1,446,849. Unum Group has a 1 year low of $43.55 and a 1 year high of $57.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $12,670.00, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.74 and a beta of 1.66.

Unum Group (NYSE:UNM) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.82 billion. Unum Group had a net margin of 8.67% and a return on equity of 10.37%. Unum Group’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 earnings per share. research analysts expect that Unum Group will post 4.23 earnings per share for the current year.

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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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